Jim Cramer is Bullish on These 10 Stocks

3. McKesson Corporation (NYSE:MCK)

Number of Hedge Fund Holders: 78

Calling McKesson Corporation (NYSE:MCK) a money machine, Cramer commented:

“I always talk to you about the drug middlemen. Companies like McKesson and Cencora, these are two money machines no matter what. Even as I believe we should be able to automate and digitize these businesses out of existence, they’re the kings and they’re the must-owns in this environment.”

McKesson (NYSE:MCK) supplies healthcare services by distributing medications, medical supplies, and handling logistics. The company provides technology tools, consulting services, and support to healthcare providers, biopharmaceutical companies, and patients. On April 3, Cramer said:

“There’s always money to go somewhere. I think the money’s going to heavily to the American Electric Powers, the Entergys, the utilities, to the companies that have pricing power like Proctor, JNJ. And will flee the areas where it’s so hard for companies to get out of areas.” “The money funnels to a dozen stocks. It goes to McKesson, it goes to AT&T. David, it goes to Kimberly, it goes to Procter.”