Jim Cramer Just Discussed These 13 Stocks

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9. CVS Health Corporation (NYSE:CVS)

Number of Hedge Fund Holders In Q3 2024: 63

CVS Health Corporation (NYSE:CVS) is a mega American healthcare plan provider. If you’d read the introduction to our piece, you’d understand how and why it’s operating in a vastly different environment now than earlier this year. Benefits managers like CVS Health Corporation (NYSE:CVS) are under a lot of public and government pressure to meet customer demands for adequate coverage. They also depend heavily on Medicare and Medicaid coverage. Speaking of which, CVS Health Corporation (NYSE:CVS) is also undergoing a strategic shift in its Medicare Advantage business. The firm has faced a tumultuous 2024 after replacing its CEO and halting profit guidance after three consecutive quarterly cuts. Media reports have suggested that CVS Health Corporation (NYSE:CVS) is looking to split its operations to help battle high costs. Cramer pointed out some of the problems that plague the firm:

“CVS stock has just cratered, and then cratered, and cratered again.

“And CVS by the way is a great company. But CVS is part of the, viewed as being part of the problem of the cost of healthcare. And they have no friends. Whatsoever. And by the way when you go to CVS we all know what happens. Its just, you know, customer service, candy aisle, customer service. Yeah, I want to be able to say, to one of them down there, [inaudible] at CVS. I’ll try to get it open. I just didn’t want to hear customer service, candy aisle one more time!

“If you got to Amazon and they do what I think is going to be a huge number of same day, do want to go and wait for your?

“People at home do not watch us everyday and they need to know that these are things [inaudible] it’s existential. It’s the front of the store, in the back of the store. It’s existential, alright?!”

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