Market Recap With Jim Cramer: Coinbase and Cathie Wood

Market Recap With Jim Cramer: Coinbase and Cathie Wood

Pfizer  (PFE) - Get Report Chief Executive Albert Bourla told CNBC that people taking the drug giant's COVID vaccine will "likely“ need a third doseof it within a year after the second one.

Cramer said he doesn't hate Pfizer stock as much as he used to. "But I would not swap out Abbott Laboratories  (ABT) - Get Report, Eli Lilly  (LLY) - Get Report, Bristol Myers Squibb  (BMY,) - Get Report and AbbVie  (ABBV) - Get Report for Pfizer," Cramer added.

When it comes to cryptocurrency, Cramer said he expects Bitcoin to go down because there was a lot of buying ahead of the Coinbase  (COIN) - Get Report IPO. 

But, overall, Cramer said Friday was a profit-taking day in the markets to end the week. "There have been some profits that have been taken certainly not based on anything that's negative either in the stock or bond market," he said.

Jim Cramer shares his stock market advice every morning with Katherine Ross. Readers can also read Cramer's market coverage with the Morning Bell, Stock Market Today, and the Mad Money Recap.

Coinbase Goes Public

On Wednesday, Coinbase Global  (COIN) - Get Report, the cryptocurrency exchange, opened at $381 a share in its historic Nasdaq debut.

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