The bull is raging in the life science space, and Jim Cramer breaks down why these two stocks could have even more room to run.
The biology industry is one place money managers like to invest in when Wall Street fears the economy is slowing because it's a space that can post good numbers, even in a recession, Cramer said. In the past month alone, Thermo and Danaher shares have run nearly 10% and almost 8%, respectively.
"These are two incredibly well-run, fantastic management companies that are firing on all cylinders, which makes them incredibly good long-term investments," he said. Thermo Fisher, which offers analytical and laboratory products, is betting on its most lucrative end markets in individualized medicine and biopharmaceutical services, Cramer said.
Danaher, the health care technology conglomerate that has a $21.4 billion cash deal for General Electric's biopharma unit, creates a big opportunity, Cramer said.
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