Amid a report in the Wall Street Journal about a potential Walgreens Boots Alliance (WBA) takeover of AmerisourceBergen (ABC) , TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said:
"[Walgreens] may think they can diversify away from the front of the store being attacked by Amazon (AMZN) , but Amazon's going after the back of the store."
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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