Jim Cramer Talked About These 17 Stocks After The Fed’s Rate Cut

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10. Cencora (NYSE:COR)

Number of Hedge Fund Holders In Q3 2024: 45

Cencora (NYSE:COR) is a pharmacy retailer whose shares have lost 7% over the past month, trimming down its year-to-date gains to 9% from 21% at December start. The dip has come on the back of shifting investor sentiment surrounding the healthcare benefits management and pharmacy retail industries. Cramer is particularly worried about President-elect Trump’s promise to ‘break the healthcare middleman’ which includes retailers like Cencora (NYSE:COR). However, unlike some other retailers, the firm has fared better in 2024 particularly due to its portfolio of specialty drugs for ailments like cancer. Here’s what Cramer said:

“Look I think that if I were the people at McKesson, Cencora, when the President-elect decides that he is going to take a shot at you, as we know from his first time around, it’s not one off. There’s multiple shots. Multiple attempts to say listen you guys are . . . friction. I would not buy these stocks.”

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