Published on 2 Jun 2016
TheStreet's Jim Cramer says he likes Johnson & Johnson's purchase of private hair care products maker Vogue International. J&J is buying the company for $3.3-billion in cash. Cramer says J&J is placing bets wherever it can get some growth, and likes the move into consumer products. Cramer said he's also waiting for the pharma company to make an acquisition in medical products, to beef up that division. Cramer also said that Johnson & Johnson is one of his favorite stocks. J&J expects the deal to close next quarter.