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Stock impact report

Jim Cramer Compares the Current Selloff in Abbott Labs to the 1999 Market Environment [Yahoo! Finance]

Abbott Laboratories (ABT) 
Last abbott laboratories earnings: 4/16 07:30 am Check Earnings Report
US:NYSE Investor Relations: abbott.com/investors.html
Company Research Source: Yahoo! Finance
market . Cramer highlighted it as one of the “greatest American companies,” as he said: …Let's talk about some similarities that have now been popping up, okay? In 1999, we saw the wholesale slaughter of all the traditional growth stocks away from tech. It was tough to own any healthcare stock back then. We're seeing something very similar now. I could give you a long list, but I'd rather just present to you… Abbott Labs, one of the greatest American companies in history. Abbott missed its last quarter by a smidge, and it's now down 34% for the year. This is Abbott Labs, for heaven's sake. A market that doles out such harsh punishment for Abbott Labs is a market that despises anything not connected to tech and the data center. Stock market data. Photo by Jakub Zerdzicki on Pexels Abbott Laboratories (NYSE:ABT) develops and sells healthcare products, including generic medicines, diagnostic systems, nutrition brands, cardiovascular and diabetes care devices, and neuromodulation te Show less Read more
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