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Cramer will monitor Biogen Idec’s earnings conference call, which is scheduled for Tuesday at 8 a.m. ET. The Weston, Mass.-based company makes therapies for the treatment of neurodegenerative diseases, hemophilia and autoimmune disorders. To Cramer, Biogen Idec is “one of the best biotechs around.” Needless to say, he is optimistic about its quarterly results.
Engine maker Cummins will host its earnings conference call at 10 a.m. ET. To Cramer, the trucking industry is in a “powerful, long-term bull market.” Rivals Navistar International and Caterpillar , however, have only offered bearish inputs. So Cummins might not be a good buy ahead of the quarter, Cramer said reluctantly. He recommends taking profits going into Cummins’ results.
Emerson Electric has scheduled an earnings conference call for 2 p.m. ET. From its headquarters in St. Louis, it operates as a diversified technology company worldwide. From Eaton to Honeywell International and 3M , Cramer pointed out that many companies in the industrial goods sector have been doing well lately. Emerson, on the other hand, has been reporting disappointing numbers lately. So Cramer recommends taking profits ahead of the quarter.
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