Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Waste Management : The company agreed to buy medical waste-disposal company Stericycle for $5.8 billion. Stericycle shares rose 15% on the news. Waste Management fell more than 3%. Jim Cramer said Monday that WM “going down is wrong.” Becton Dickinson : The company agreed to buy Edwards Life Sciences’ critical care unit for $2.3 billion. “This puts them in the category of growth again,” Jim said. Boston Beer : The beer stock was falling 4.5% after Bloomberg reported that Jim Beam owner Suntory is not in talks to buy the Sam Adams maker. Jim said it’s terrible when a stock goes down on rumors. “Do some sourcing,” he added. Paramount Global : The struggling media company and Skydance have agreed to merger terms, according to CNBC’s David Faber . Paramount shares jumped 7% on the report. “This is a vanity project,” Jim said. “There’s nothing to it.” Spotify : The music streamer announced price hikes for Spotify Premium subscriptions in the U.S. next month. Jim said that Spotify is a best-in-class subscription service, and its stock is “going to go higher” on a fee bump. The stock rose more than 4.5% on Monday.
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