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Jim Cramer on Thermo Fisher: “I Think That the Market Has This Wrong”
Jim Cramer commented on Thermo Fisher Scientific Inc. (NYSE: TMO), arguing that the market’s negative reaction to the company’s recent earnings report was incorrect. Despite a modest revenue beat and healthy earnings per share, and a raised full-year forecast, the stock plunged due to light guidance for the current quarter. Cramer believes Thermo Fisher is a strong American company and that the market has misjudged its value.