Jim Cramer Just Turned Bullish on These 5 Stocks

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1. CVS Health Corporation (NYSE:CVS)

Number of Hedge Fund Holders: 65 

CVS Health Corporation (NYSE:CVS) is a Rhode Island-based company that provides healthcare services. The journalist investor recently turned bullish towards the stock, saying on August 31 that he just saw that the firm was going to authorize those new shots and he thought that the stock is “a buy and a buy and a buy”. 

On September 7, Evercore ISI analyst Elizabeth Anderson maintained an Outperform rating on CVS Health Corporation (NYSE:CVS) stock and raised the price target to $125 from $120, appreciating the decision of the firm to merge with Signify Health. 

Among the hedge funds being tracked by Insider Monkey, Connecticut-based firm AQR Capital Management is a leading shareholder in CVS Health Corporation (NYSE:CVS) with 3.3 million shares worth more than $312 million. 

In its Q4 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and CVS Health Corporation (NYSE:CVS) was one of them. Here is what the fund said:

“Improving health remains a key impact theme for the portfolio, and over the past year or so we have increased our exposure to the health care sector, through the addition of CVS Health Corporation (NYSE:CVS), which is well-positioned to help define the future of health care in terms of costs, quality and convenience.”

You can also take a peek at 10 Cheap Dividend Kings with Over 2% Yield and 12 Best Semiconductor Stocks To Invest In Right Now.

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