Jim Cramer’s 23 Stocks: Arm, QXO, and the Market’s Biggest Threat

16. Boston Scientific Corporation (NYSE:BSX)

Boston Scientific Corporation (NYSE:BSX) was among the stocks Jim Cramer covered on Mad Money as he discussed the wave of IPOs being the market’s possible biggest threat. Answering a caller’s query about the stock, Cramer commented:

Well, the competition just got too strong for Boston Scientific. They’re always one step out of the posse, and they’ve just been caught. I think they can come back. I just want to see the stock bottom before I say okay, I think it’s okay.

Boston Scientific Corporation (NYSE:BSX) manufactures medical devices for different fields, including cardiology, neurology, and urology. Some of the company’s products include heart-monitoring implants, spinal cord stimulators, and diagnostic tools for gastrointestinal conditions and cancer treatment. Cramer made a similarly bearish comment on the stock on March 18 when a caller asked about it, as he said:

You know, I have to tell you, I’ve been blown away… [by] how badly that stock’s performing. The competition got much more severe than I realized it could do. I thought that Mike Mahoney had it under control. I was not right, which therefore means I’m wrong. And I’m surprised. This stock was one of the greatest performers. It’s not anymore.