Jim Cramer Discusses Joe Rogan, Elon Musk, And These 13 Stocks

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7. Abbott Laboratories (NYSE:ABT)

Number of Hedge Fund Holders In Q3 2024: 63

Abbott Laboratories (NYSE:ABT) is one of the biggest healthcare and pharmaceutical companies in the world. The firm’s shares are flat year-to-date and they closed 2024 just 3.8% higher. While the broader pharmaceutical industry didn’t perform well last year due to interest rates and inflationary pressures, some of Abbott Laboratories (NYSE:ABT)’s struggles were specific to the firm. The firm was ordered to pay $495 million in damages related to its infant formula in July. The stock soared by 4.6% in November after a jury cleared it of liability. Here’s what Cramer said about Abbott Laboratories (NYSE:ABT):

“Abbott, not understood very well because they’re doing tremendous stuff when it comes to diabetes. People don’t seem to care.”

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