5 Best Jim Cramer Stocks to Watch in December

4. Centene Corporation (NYSE:CNC)

Number of Hedge Fund Holders: 50

Centene Corporation (NYSE:CNC), the largest Medicaid-managed company in the US, is a healthcare company that provides government-sponsored healthcare plans. As of the end of September, the Missouri-based company has 26.5 million members in the US, UK, Central Europe, and Spain. 

Centene Corporation (NYSE:CNC) was one of the stocks on Jim Cramer’s watchlist for December. The company recently released a revenue forecast for 2022 of $135.9 billion to $137.9 billion, which is higher than the $131.5 billion expected by Wall Street analysts. Shares of Centene Corporation (NYSE:CNC) popped 5.5% following the announcement of its Value Creation Plan which aims to enhance its portfolio and net assets.

Centene Corporation (NYSE:CNC) posted earnings for the third quarter on October 26, reporting earnings per share GAAP of $0.04, beating estimates by $0.04. The revenue over the period was $32.4 billion, topping estimates by $927 million. 

As of the end of the September quarter, Connecticut-based hedge fund firm Viking Global is the biggest stakeholder of Centene Corporation (NYSE:CNC). The fund holds 9.8 million shares of the healthcare company worth $615 million.