Centene Corporation (CNC)’s “One Of The Most Horrible Stocks In The Group,” Says Jim Cramer

We recently published 12 Stocks Jim Cramer Recently Discussed As He Commented On A “Sea Of Green”. Centene Corporation (NYSE:CNC) is one of the stocks Jim Cramer recently discussed.

Centene Corporation (NYSE:CNC) is an American healthcare benefits and insurance company. Its shares have lost 57% year-to-date, to even outpace the losses of beleaguered benefits management giant UnitedHealth. Centene Corporation (NYSE:CNC)’s stock was gutted in July when it crashed by 40% after the firm shocked the market by withdrawing its 2025 earnings guidance due to concerns about Obamacare commercial plans. Centene Corporation (NYSE:CNC)’s shares dipped again after its second quarter earnings, but then pared back the losses after the firm assured investors that it expects to improve profitability in 2026. However, the massive 2025 losses forced Cramer to criticize Centene Corporation (NYSE:CNC) :

“I mean Centene last week, that stock has just been one of the most horrible stocks in the group.”

Photo by CDC on Unsplash

Here are his previous remarks about Centene Corporation (NYSE:CNC):

“Well, you know, like I heard today, Medicaid may be, they involve Medicaid, Medicaid could be cut back, and that’s not good for Centene, as I read it. Centene, though, sells at eight times earnings. I really think it’s a gem of a company. But then again, as you say, I am biased… But I’m going to say thumbs up to Centene at eight times earnings.”

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Disclosure: None. This article is originally published at Insider Monkey.