Jim Cramer: Merck is a buy after the drugmaker's post-earnings dip — here's why

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Merck : The drugmaker reported a better-than-expected quarter. It raised its full-year sales outlook but was still a little short of estimates. The stock lost nearly 9%. Merck's acquisition of Acceleron and its pulmonary arterial hypertension treatment three years ago for $11.5 billion is about to pay off. The FDA approved it.

Not great. Not bad." PayPal : The digital payments company reported a better-than-expected quarter. The new CEO, Alex Chriss, knows what he's doing, Cramer said. "I would buy the stock." Howmet Aerospace : The maker of parts for the aerospace and transportation industries delivered a better-than-expected second quarter and the stock soared more than 13%. "The demand for anything aerospace is intense," Cramer said. "That means this company can make you money.

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