Jim Cramer Sees Opportunity in Pessimism and Highlights These 12 Stocks

3. CVS Health Corporation (NYSE:CVS)

Number of Hedge Fund holders: 74

CVS Health Corporation (NYSE:CVS) came up during a discussion about retail pharmacy consolidation. With Walgreens and Rite Aid closing stores, Cramer noted CVS’s strength as the last major player standing. Here’s what he said:

“Have you noticed that CVS stock keeps going up because they’ve got Aetna and they’re also the only drugstore left, right? Walgreens closing, going to close a lot of stores. […] And Rite Aid’s closing stores, that leaves CVS.”

Jim Cramer remains bullish on health insurers recently. Here’s what he said about CVS Health Corporation (NYSE:CVS) earlier this month:

“The health insurers are all roaring too. Why? Because they’re domestic, very hard to tariff and they can go much higher if you want to avoid the tariff shroud. CVS, which owns Aetna, moved up against Cigna’s running.”