'Never Buy A Drug Stock Just For The Yield': Jim Cramer On This Big Pharma Company

On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended selling Petróleo Brasileiro S.A. - Petrobras PBR. "This stock has run too much for me, even though it sells at six times earnings," he noted.

When asked about Fisker Inc. FSR, he said, "Like the car, sell the stock."

"Something is wrong, obviously people are very worried about credit now in cars, but I’m not going to tell you to sell a stock that sells at five times earnings, even though I think that means it’s not going to make the estimates," Cramer said about AutoNation, Inc. AN.

When asked about Bristol-Myers Squibb Company BMY, he said, "I’m not saying it lost its way, I’m saying I don’t like the big pharma stocks, and they do not have the pipeline that they once had. I’m not going to push Bristol-Myers. Never buy a drug stock just for the yield."

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The "Mad Money" host said Iridium Communications Inc. IRDM was supposed to be making money and now expects to lose money. "We’re not going to recommend stocks that are losing money," he added.

Price Action: Shares of Iridium fell 1.1% to close at $38.07, while E Bristol-Myers Squibb slipped 0.8% to $56.00 on Monday. AutoNation fell 1.7% to settle at $131.37, while Fisker fell 2.6% to close at $5.30 on Monday. Petrobras shares fell 5.3% to close at $15.35 during Monday’s session.

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