Jim Cramer Highlights the Woes of Pfizer and the Drug Sector

Pfizer Inc. (NYSE:PFE) is one of the latest stocks on Jim Cramer’s radar. Cramer noted that the company could not perform as its entire industry is going through a tough time. He remarked:

“…We also have a huge number of stocks that are sinking under their own weight, high-quality companies, real companies that are historically cheap and getting cheaper. Consider Pfizer. Yes, plain old, boring Pfizer.

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Pfizer Inc. (NYSE:PFE) manufactures medicines and vaccines across multiple therapeutic areas, including cardiovascular, infectious diseases, oncology, and immunology. The company’s leading brands include Comirnaty, Paxlovid, Eliquis, Prevnar, Ibrance, and Xeljanz. During the October 31 episode, Cramer mentioned the stock and said:

“Now, will Pfizer break out from the $25 level? Oh, it’s been a dull run for this former growth drug stock as shareholders seem to be satisfied with a 7% yield, not much price appreciation. I like growth, but that dividend seems safe, and it’s backed up by cash flow. On Tuesday morning, we’ll find out if Pfizer’s going to be more of a stock and less of a bond equivalent.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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