'I'm always searching for a mantra for any given market, and I think I've found it for this one,' the 'Mad Money' host said.
Stock in Novavax, one of the multiple biotech firms racing to produce a Covid-19 vaccine, rallied nearly 5% during the session heading into its post-market earnings release. The move extends a massive upside in Novavax's stock price, which has gone from a single-digit to triple-digit stock in a matter of months.
"It doesn't seem to matter that Novavax has never successfully brought a vaccine to market," Cramer said., that news came more than a month ago. The stock price has picked up almost 74 points since that day alone. As for Sorrento Therapeutics, the company partnered with Columbia University researchers on a Covid-19 test that uses saliva. The process can return diagnoses in less than an hour, Cramer noted.
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