5 Cheap Jim Cramer Stocks to Invest In Right Now

3. CVS Health Corporation (NYSE:CVS)

Forward P/E: 13.33

Number of Hedge Fund Holders: 84

CVS Health Corporation (NYSE:CVS) is one of the 10 cheap Jim Cramer stocks to invest in right now.

The New York Times, in an article published on June 11, 2026, pointed to two federal reports from the Department of Health and Human Services and stated that CVS Health Corporation (NYSE:CVS) and other major Medicare Advantage insurers, including UnitedHealth and Humana, have frequently denied necessary rehabilitation care to older Americans. The article highlighted that these top providers rejected roughly 13% of patient requests for skilled nursing facility admissions to lower costs. The denial rate reached 40% for existing nursing home residents. David Whitrap, a spokesman for CVS Health Corporation (NYSE:CVS), said that the company evaluates requests promptly and provides a transparent procedure for appeals:

Our priority is helping patients get the care they need without unnecessary delays.

Prior to this, the stock received a price target revision on June 8, 2026, when Mizuho raised its estimates on CVS Health Corporation (NYSE:CVS) from $110 to $115. The firm maintained an Outperform rating on the stock. Mizuho expects a more stable, predictable policy environment to reduce policy-related regulatory surprises. The firm believes that the shift allows investors to focus on sector fundamentals, pricing recovery, and embedded earnings power.

Cramer has consistently praised David Joyner, President and CEO of CVS Health Corporation (NYSE:CVS).

David Joyner he’s come in, he solved Aetna. And he’s basically just said, if you go through his deck, which was a brilliant deck… he’s turned it into a healthcare powerhouse.

Founded in 1963, CVS Health Corp. (NYSE:CVS) operates as a health solutions company. Based in Rhode Island, the company operates under multiple segments, including Health Care Benefits, Health Services, Pharmacy & Consumer Wellness, and Corporate/Other.

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