Cramer’s lightning round: There are better drug stocks to own than GlaxoSmithKline

Cramer’s lightning round: There are better drug stocks to own than GlaxoSmithKline

GlaxoSmithKline PLC: “We don’t care where a stock’s been, we care where it’s going, but it is at $37. It’s got a 5 percent yield. [CEO] Emma Walmsley is supposed to be doing a good job. I have not seen what I’d like to see from that company. As far as I’m concerned, there are much better drug stocks to own than Glaxo.” SiteOne Landscape Supply Inc.: “No. You don’t want to be there because people don’t like housing right now and it’s going to be affiliated with the housing…

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Morgan Stanley stays Overweight on India; ICICI Bank, Gail among top 4 stocks in focus list

Morgan Stanley stays Overweight on India; ICICI Bank, Gail among top 4 stocks in focus list

Finally! Some good news for emerging markets which witnessed huge foreign money outflows thanks to the rise in the US Dollar. In 2018, a tricky handoff in growth, policy and inflation drove a rolling bear market. However, for 2019, Morgan Stanley expects a larger turning point in a number of multi-year trends. Emerging Markets (EM) assets should outperform. The global investment bank thinks that the bear market is mostly over for EM, has further to go in US credit and is about to begin for the US dollar. [“source=cnbc”]  

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Global stocks, sterling lick wounds after Brexit bashing

Global stocks, sterling lick wounds after Brexit bashing

  LONDON: Stocks climbed and sterling edged off its three-decade long lows on Thursday, licking their wounds from a Brexit-driven pummeling as upbeat US economic data restored a measure of risk appetite to markets. Wall Street was expected to start broadly steady as an ADP national employment report for June came in stronger than expected with 172,000 jobs added, ahead of closely-followed payrolls data on Friday. The European market pulled out of a three-day slide with the FTSE up 1.2 per cent and the CAC in Paris and Germany’s DAX…

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