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

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Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio.

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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