Jim Cramer’s List of 16 Stocks to Buy Right Now

14. McKesson Corporation (NYSE:MCK)

Number of Hedge Fund Holders: 78

McKesson Corporation (NYSE:MCK) is one of the largest pharmaceutical distributors in the U.S., supplying both branded and generic drugs along with medical technology and surgical supplies. Cramer grouped McKesson with other healthcare “middlemen” that thrive in the current environment due to their low-risk, high-margin business models. Here’s what he said:

“Now how about these middlemen? I think you can buy any one of them. I like Senora and I like McKesson. They take almost no risk and make fortunes in a consistent way. Mckesson is one of the largest distributors of both branded and generic drugs. The company isn’t a pure play though it also develops medical record systems and provide surgical supplies too.”

Jim Cramer was equally bullish just a few days ago, when he called McKesson Corporation (NYSE:MCK) a money machine, saying:

“I always talk to you about the drug middlemen. Companies like McKesson and Cencora, these are two money machines no matter what. Even as I believe we should be able to automate and digitize these businesses out of existence, they’re the kings and they’re the must-owns in this environment.”