Stockchase Opinions

Jim Cramer - Mad Money IDEXX Laboratories IDXX-Q DON'T BUY Jan 17, 2025

They're too inconsistent.

$419.260

Stock price when the opinion was issued

Healthcare
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BUY
These lab stocks are news-driven and could drop on a negative headline. Each time it pulled back, it bounced back higher. The chart looks good here and he would buy.
DON'T BUY
Jan.6-April 27 is seasonality. Healthcare stocks have made huge gains, but not IDXX. It's rolling over now and resisting its 200-day moving average. He's concerned. It's underperforming.
HOLD
They offer healthcare to animals and pets. Stay with it. He believes in how they serve pets.
WEAK BUY

Makes diagnostic equipment for veterinarians. It has sold off hard, because pet plays are seen as Covid stocks, but has been recovering (reported a beat in early August), but shares have been cold since that report.