Ramish Cheema
2 min read
In This Article:
Danaher Corporation (NYSE:DHR) is one of the Jim Cramer Discusses US-China Trade War & These 10 Stocks.
Danaher Corporation (NYSE:DHR) is one of the largest industrial and medical research products manufacturers in America. It has been one of the most troubled stocks this year as the shares have lost 14.5% year-to-date. Danaher Corporation (NYSE:DHR)’s shares dipped by 9.7% in January after the firm missed its fourth-quarter analyst earning estimates which was the first miss in years. It reported $2.14 in earnings and $6.5 billion in revenue while analysts had penciled in $2.16 and $6.4 billion. Cramer hasn’t been a fan of Danaher Corporation (NYSE:DHR) for the past year or so. Following its quarterly earnings, he called management “smug” and outlined that he had been following Danaher Corporation (NYSE:DHR) for years. Cramer first bought the shares in 2022 and held on to them as believed Danaher Corporation (NYSE:DHR)’s headwinds were temporary. He stuck with the pessimism this time around as well:
“My charitable trust has owned it initially. It was gold now it’s fool’s gold. I’m irate.”
Earlier this year, Cramer shared his discussions with Danaher Corporation (NYSE:DHR)’s management. Here is what he said:
“I think those guys are great—the Rales brothers are amazing. Even when I’m moody, you know, they have Rales stake there and the commander, so I love them even more. But here’s what I mean by that: I want them to show me they understand there’s been some serious underperformance here. They could come back and say, “We’ve outperformed for so many years, Jim, give us patience.” I just want something that shows me they understand we’re getting restless. I think that’s a reasonable thing to say, and I do like them very much.”
A healthcare professional in a lab coat holding a microscope and looking at a slide under the lens.
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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
