Jim Cramer on UNH: “I Think This Remains an Uninvestible Story”

UnitedHealth Group Incorporated (NYSE:UNH) is one of the stocks in Jim Cramer’s game plan this week. Cramer discussed that the ongoing criminal probe does not spell doom for the company, as he said:

“Tuesday, before the open, UnitedHealth Group reports. Yesterday, the company basically admitted there’s a criminal probe and it’s cooperating. I think this cooperation actually takes any existential worries off the table. You don’t have to be concerned that Medicare fraud could take down the entire company. It’s a positive development, even as I think this remains an uninvestible story.”

Jim Cramer on UNH: "I Think This Remains an Uninvestible Story"

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UnitedHealth Group (NYSE:UNH) provides health care services, including benefit plans, care delivery, pharmacy programs, and health technology solutions. During the July 14 episode, a caller inquired about the stock, and Cramer replied:

“UnitedHealth is very, very tricky, and it might be a long-term turn, but I will tell you this, Steve Hemsley is the only person I know who could possibly turn this thing around. Hemsley’s back as CEO, he was amazing. I think you have to have fortitude to be in it. I don’t like the situation because there’s so many winners, as you say, but at least I want people to know that I think Hemsley’s is the real deal.”

While we acknowledge the risk and potential of UNH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UNH and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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