5 Jim Cramer Stock Picks This Week

1. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 110     

UnitedHealth Global Incorporated (NYSE:UNH) operates as a diversified health care company in the United States. On December 20, Jim Cramer said that the firm was a best-of-breed healthcare stock, a boring, consistent operator with consistent results, nice dividends and reasonable value.  

On December 7, Credit Suisse analyst A.J. Rice maintained an Outperform on UnitedHealth Group Incorporated (NYSE:UNH) stock and raised the price target to $610 from $590, noting that the valuation is rolled forward to 2024 without any changes.

Among the hedge funds being tracked by Insider Monkey, Fort Lauderdale, Florida-based investment firm GQG Partners is a leading shareholder in UnitedHealth Global Incorporated (NYSE:UNH) with 3.2 million shares worth more than $1.6 billion.  

In its Q3 2022 investor letter, Stewart Asset Management, an asset management firm, highlighted a few stocks and UnitedHealth Global Incorporated (NYSE:UNH) was one of them. Here is what the fund said:

“Looking at the Great Recession which began at year-end 2007 and lasted to mid-year 2009 is helpful too. Our four largest current holdings in the portfolio weathered that period well. UnitedHealth’s (NYSE:UNH) earnings were resilient. While it reported modestly down earnings in 2008, its earnings rebounded quickly to record highs in 2010 and the shares responded strongly in anticipation of this.”

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