So far, it looks like Cramer has made a good call here regarding his sell call on ABBV. Price of ABT on 1-11 was 33.71 and ABBV was 33.60. Today ABT is 32.85 and ABBV is 36.50.
ABT is 32.74 today while ABBV is now at 37.32. Hopefully ABT can catch up to ABBV soon.
Did anyone consider the div of abbv @ over 4%. At this rate it is worth keep. This stock pays you to ride it out. But I also think abt will have good earing and play chatch up to abbv. We ae looling at two $40 stocks here.
Sentiment: Strong Buy
Although Cramer is wrong more than not, I think his recommendation of ABT over ABBV was a sound one. I guess what's happening is the funds holding the old ABT as a pharmaceutical are offloading the new ABT since it's no longer in that criteria. ABBV however is. Give it a few months and ABT should shoot past ABBV.
" That's 1 Person's Opinion "
So now could be the time to buy ABT! I will soon after I sell something in my porfollio. Investyourbuck
Wait for the Cramer Contrarian confirmation: When Cramer says Sell ABT --then you can back up the truck!