Jim Cramer Latest Stocks: 23 Stocks He Just Talked About

12. CVS Health Corporation (NYSE:CVS)

Number of Hedge Fund Holders In Q3 2024: 63

CVS Health Corporation (NYSE:CVS) is the healthcare benefits manager facing significant stock price storms in December. Over the past month, the firm’s shares have lost 21.5%. CVS Health Corporation (NYSE:CVS)’s share price performance is driven by growing government and public sentiment against benefits providers as well as President-elect Trump’s intent to take on the healthcare middlemen. The shifting winds have come amidst a turnaround effort through which CVS Health Corporation (NYSE:CVS) is purportedly looking to spin-off businesses such as its Medicare Advantage division. To boot, the Justice Department has also accused the firm of filing illegal opioid prescriptions, and similar accusations in the past have cost CVS Health Corporation (NYSE:CVS) as much as $5 billion in resolution. According to Cramer:

“CVS is a real company. And the stock broke down, I saw someone on Frank Holland’s show this morning talk about a potential bottoming in some of these. Look, the President-elect does not say it once. He says it like ten times. That he wants to wipe out middleman. I mean it’s a theme.”