Jim Cramer Latest Stocks: 23 Stocks He Just Talked About

6. Danaher Corporation (NYSE:DHR)

Number of Hedge Fund Holders In Q3 2024: 98

Danaher Corporation (NYSE:DHR) is a biotechnology raw materials and life sciences equipment provider. Like its peer Thermo Fisher, the firm has also had to deal with the healthcare slowdown in 2024. Danaher Corporation (NYSE:DHR)’s shares have lost 3.7% year-to-date, as they were thrown in the red in October following an 11% drop in the days following its Q3 earnings. As part of the release, Danaher Corporation (NYSE:DHR) guided Q4 revenue decline in the low single-digits as it signaled to investors that the slowdown it is experiencing might not be over. Its China core revenue dropped by a “high-single-digit” percent in Q3 and was also on Cramer’s mind:

“They used to buy all these instruments from Danaher. They used to buy them from Thermo Fisher. They stopped. The orders from China for scientific equipment from Thermo and for Danaher are just incredible how poor they are. Look at that. That’s Danaher. That’s not just any company. Look at TMO, it’s such a good company. But that’s trimming these orders. Chinese orders are, because they have not done this stimulus.”