Medtronic plc (NYSE:MDT) was featured on Mad Money as Jim Cramer shared his take on the stock amid a sliding macro environment. When a caller asked about the stock, Cramer said:

I have to tell you, I was surprised that Medtronic got back down to the high $80s. I think that everything they’ve been doing lately is right. I think you’ve got a good one. By the way, it’s 15 times earnings. That’s very inexpensive. I would buy more… I know it sounds like you’re just averaging down into oblivion, but I think it’s a great level.

Stock market data. Photo by Photo by Alesia Kozik

Medtronic plc (NYSE:MDT) develops and sells device-based medical therapies to healthcare systems, physicians, and patients. The company provides specialized products, including cardiac pacemakers, surgical instruments, robotic-assisted surgery platforms, and a number of diabetes management systems.

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