Jim Cramer Latest Stocks: 23 Stocks He Just Talked About

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17. Cencora (NYSE:COR)

Number of Hedge Fund Holders In Q3 2024: 45

Cencora (NYSE:COR) is one of the biggest pharmacy distributors in America. Recent events surrounding the pharma and healthcare benefits management industry have placed its shares on the backfoot. Cencora (NYSE:COR)’s stock up 6% over the past month as investors reevaluate consumer perceptions of the benefits industry. The sentiment surrounding its sector has not been helped by President-elect Trump’s blunt statements of ‘destroying’ the healthcare middleman. On a firm-specific level, Cencora (NYSE:COR) has benefited from its portfolio of specialty drugs that help treat diseases like cancer. These drugs are pricier than other medications, and they enable pharmacies to post robust margins. Cramer believes that taking on giants like Cencora (NYSE:COR) will be quite hard as they’ve withstood similar attempts in the future. According to him:

“Cencora. It used to be a, had a different name. You cannot attack Cencora. They are Teflon. Cencora always wins.”

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