Bristol-Myers Squibb Company (BMY): All Or Nothing With A Breakthrough Drug, Says Jim Cramer
Bristol-Myers Squibb Company (NYSE:BMY) is one of the largest and most well-known American pharmaceutical companies. It has long been one of Cramer's favorite stocks as the CNBC TV host has been nothing but full of optimism about its COBENFY schizophrenia drug. However, during this show, he changed his tone and pinned all hopes on COBENFY's success:
'[Report about the two selling Eliquis at a discount] Yeah, I mean, mistakes I've made a few but, today I'm looking at Bristol, Bristol better come through with this. With this mental health, with this mental health drug that they bought, the schizophrenic drug. . . .I mean Bristol is uh, Bristol's bad. And I own it. I own it because of this schizophrenia drug. And I said yesterday to the club, they get this schizophrenia drug, I'm going with it. They don't get this schizophrenia drug, I've never heard of it. That's where I am. Never heard of Bristol-Myers.'
A pharmacy shelves stocked with pharmaceutical drugs awaiting distribution.
Previously, Cramer discussed Bristol-Myers Squibb Company (NYSE:BMY)'s 'faint pulse':
'Of course, some of the rally's nothing more than the left-behind stocks playing catch up. The drug stocks had a rare day in the sun. I wish I had something good to say about them. Maybe it's enough to say that Bristol Myers has a faint pulse, one that lasted until the end of the session.'
While we acknowledge the potential of BMY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
12 minutes ago
- Business Wire
Labaton Keller Sucharow LLP Files Securities Class Action Against Fiserv, Inc. and Certain of Its Executives
NEW YORK--(BUSINESS WIRE)--Labaton Keller Sucharow LLP ('Labaton') has filed a securities class action lawsuit (the 'Action') on behalf of its client the City of Hollywood Police Officers' Retirement System ('Hollywood Police') against Fiserv, Inc. ('Fiserv' or the 'Company') (NYSE: FI) and certain of its executives (collectively, 'Defendants'). The Action, which is captioned City of Hollywood Police Officers' Retirement System v. Fiserv, Inc., No. 25-cv- 06094 (S.D.N.Y.), asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and U.S. Securities and Exchange Commission Rule 10b-5 promulgated thereunder on behalf of all persons and entities that purchased or otherwise acquired Fiserv common stock between July 24, 2024 and July 22, 2025, inclusive (the 'Class Period'). Fiserv is a global provider of transaction processing software for banks and retail merchants. Fiserv's flagship product and most important growth driver is Clover, which provides merchants with a payment 'gateway' to facilitate the secure processing of credit, debit, and mobile payment transactions on behalf of financial institutions and their customers. The Action alleges that, throughout the Class Period, Defendants misled investors by failing to disclose that: (a) due to cost issues and other problems with its older Payeezy platform, Fiserv forced Payeezy merchants to migrate to its Clover platform; (b) Clover's revenue growth and gross payment volume ('GPV'), the total monetary value of transactions processed through Clover, were temporarily and unsustainably boosted by these forced conversions, which concealed a slowdown in new merchant business; (c) shortly after these conversions, a significant portion of former Payeezy merchants switched to competing solutions due to Clover's high pricing, significant down time, and systematic compatibility issues; (d) as a result of these merchant losses, Clover's GPV growth was significantly slowing, and its revenue growth was unsustainable; and (e) based on the foregoing, Fiserv's positive Class Period statements about Clover's growth strategies, competition, attrition, GPV growth, and business prospects were materially false and misleading. The market began to learn the truth about Defendants' fraud on April 24, 2025. On that date, Fiserv shocked investors by reporting Clover GPV growth of only 8 percent for the first quarter of 2025, a material stepdown from 2024 GPV rates of between 14 and 17 percent. The Company attributed this slowing growth to lower 2025 transaction volumes from Payeezy merchants who had converted to Clover. On this news, Fiserv stock dropped 18.5 percent, closing at $176.90 per share on April 24, 2025. Then, on May 15, 2025, Fiserv disappointed investors by disclosing that GPV growth deceleration would continue throughout 2025. On this news, Fiserv stock dropped 16.2 percent, closing at $159.13 per share on May 15, 2025. Finally, on July 23, 2025, Fiserv lowered the top end of its full-year organic growth guidance range and confirmed that its quarterly organic revenue in the Merchant segment had decelerated to 9 percent year-over-year from 11 percent in the previous quarter. On this news, Fiserv stock dropped 13.9 percent, closing at $143.00 per share on July 23, 2025. If you purchased or acquired Fiserv common stock during the Class Period and were damaged thereby, you are a member of the 'Class' and may be able to seek appointment as Lead Plaintiff. Lead Plaintiff motion papers must be filed no later than September 22, 2025. The Lead Plaintiff is a court-appointed representative for absent members of the Class. You do not need to seek appointment as Lead Plaintiff to share in any Class recovery in this action. If you are a Class member and there is a recovery for the Class, you can share in that recovery as an absent Class member. You may retain counsel of your choice to represent you in this action. If you would like to consider serving as Lead Plaintiff or have any questions about this lawsuit, you may contact Connor C. Boehme, Esq. of Labaton at (212) 907-0780, or via email at cboehme@ You can view a copy of the Complaint online here. Hollywood Police is represented by Labaton, which represents many of the largest pension funds in the United States and internationally with combined assets under management of more than $4.5 trillion. Labaton's litigation reputation is built on its half-century of securities litigation experience, more than ninety full-time attorneys, and in-house team of investigators, financial analysts, and forensic accountants. Labaton has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, Delaware, London, and Washington, D.C. More information about Labaton is available at


Business Wire
12 minutes ago
- Business Wire
Securities Fraud Investigation Into Barnes & Noble Education, Inc. (BNED) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz announces an investigation of Barnes & Noble Education, Inc. ('Barnes & Noble' or the 'Company') (NYSE: BNED) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON BARNES & NOBLE EDUCATION, INC. (BNED), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On July 18, 2025, Barnes & Noble disclosed that '[c]ertain information regarding the recording of cost of digital sales was brought to the attention of management' and that, as a result, 'management believes that the Company may have a potential overstatement of up to $23.0 million in the aggregate to its accounts receivable balance as of its May 3, 2025 fiscal year-end.' On this news, Barnes & Noble's stock price fell $2.36, or 21%, to close at $8.87 per share on July 21, 2025, thereby injuring investors. Contact Us To Participate or Learn More: If you purchased Barnes & Noble securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 Call us at: 310-914-5007 Email us at: info@ Visit our website at: Follow us for updates on Twitter at If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


The Hill
12 minutes ago
- The Hill
Lutnick: TikTok will go dark unless China agrees to US control
Commerce Secretary Howard Lutnick warned Thursday that TikTok will go dark unless China agrees to a deal in which American owners take control of the popular social media app and its algorithm. 'It's got to come out of Chinese control,' Lutnick told CNBC's 'Squawk on the Street.' 'We've made the decision. You can't have Chinese control and have something on a hundred million American phones. That's just not okay.' 'So, if it's in American control, China can have a little piece, or ByteDance, the current owner, can keep a little piece,' he continued. 'But basically Americans will have control, Americans will own the technology and Americans will control the algorithm.' TikTok has remained online for the past seven months despite a law requiring its parent company ByteDance to divest from the app or face a U.S. ban. The law, passed by Congress last year, was meant to go into effect the day before President Trump took office. However, former President Biden declined to enforce the law in his final days in office, and Trump quickly followed this up with an executive order delaying enforcement. He has since given TikTok two more extensions, as he attempts to strike a deal to keep the app available. The next deadline is set for Sept. 17. Trump said late last month that he had found a buyer for the app, which he described as 'very, very wealthy people.' However, he underscored the deal would likely require the approval of the Chinese government. 'If that deal gets approved by the Chinese, then that deal will happen,' Lutnick added Thursday. 'If they don't approve it, then TikTok is going to go dark. And those decisions are coming very soon. …. The deal is over to them right now.' The Trump administration had previously finalized a deal on TikTok in April, but the effort was scuttled by the announcement of the president's 'reciprocal' tariff regime, which targeted China and other countries with hefty new import taxes.