Jim Cramer Explains Why Panera and Thermo Fisher Are Both Buys

Panera and Thermo Fisher may be in completely different industries, but they both are undervalued at these levels. Jim Cramer and Action Alerts PLUS Research Director Jack Mohr discuss why both of these investments are in great shape in the long-run. In respect to Panera, not only did the company announce an enormous $750 million buyback last week - representing 17% of its market cap - but its 'Panera 2.0' initiatives, which enhance the customer experience, should drive real value into 2016. On Thermo Fisher, the stock sold off after the company's 1Q'15 earnings release but both Jim and Jack maintain that organic growth remains on track and the disappointing quarter was almost exclusively a result of transitory headwinds, mainly FX. Panera and Thermo Fisher are core holdings of Jim Cramer's Action Alerts PLUS charitable trust portfolio.