Jim Cramer Looked At These 23 Stocks Recently

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2. CVS Health Corporation (NYSE:CVS)

Number of Hedge Fund Holders: 74

Noting CVS Health Corporation’s (NYSE:CVS) comeback, Cramer said:

“First is CVS. Now that’s long a laggard. It’s come back with new management as well as the resurgent Aetna health insurance business.”

CVS (NYSE:CVS) offers a range of healthcare services, including insurance, pharmacy management, and pharmaceutical products. The company also provides consulting services to healthcare organizations. Ariel Investments stated the following regarding CVS Health Corporation (NYSE:CVS) in its Q4 2024 investor letter:

“Lastly, American healthcare company, CVS Health Corporation (NYSE:CVS) underperformed in the period. The company preannounced a third-quarter preliminary profit estimate materially below consensus expectations and pulled its 2024 guidance due to continued medical cost pressures. Investor concerns around the recently proposed Pharmacy Benefit Management (PBM) legislation further weighed on shares. Despite these challenges, management reiterated its focus on improving margins and enhancing its positioning in Medicare Advantage (MA). CVS believes the program can remain an attractive business for Aetna and CVS Health over time as it implements a multi-year repricing strategy across plan level benefits. Meanwhile, CVS continues to take actions to drive long-term success including the appointment of longtime company executive David Joyner as President and CEO as well as adding four new board members.”

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