Cramer says this health-care giant is a buy, warns not to chase the rally in AMD
CNBC·2026-01-21 17:49

Market Overview - Stocks rose following President Trump's address at the World Economic Forum, easing investor concerns regarding U.S. military actions related to Greenland [1] - The rally was noted to be led by "the wrong tech," particularly Micron, which is affected by the current DRAM chip shortage driving prices higher [1] Company Insights - Advanced Micro Devices (AMD) shares increased nearly 9% to approximately $252 per share; however, caution is advised against chasing the rally [1] - Johnson & Johnson is considered a buy after its latest earnings report guidance exceeded Street estimates, despite a recent decline in stock price [1] Upcoming Earnings - Procter & Gamble is set to report earnings, with prior warnings of sharp sales drops in October and November; focus will be on December's numbers and management's outlook [1] Additional Stocks Mentioned - Stocks discussed include Netflix, United Airlines, Johnson & Johnson, Halliburton, and Kraft Heinz, with the CNBC Investing Club holding positions in PG, GOOG, NKE, and NVDA [1]