Jim Cramer on UNH: “Stock Might Start Climbing Like it Did in the Old Days”

UnitedHealth Group Incorporated (NYSE:UNH) is one of the stocks in focus in the game plan Jim Cramer shared. Cramer highlighted the investigations into the company’s billing practices, as he said:

“Tuesday morning, we get results from UnitedHealth. Now, maybe we can find out how detrimental these investigations into their billing practices really are. I think they’ll be dismissed as not major, and the stock might start climbing like it did in the old days when UNH was such a huge Wall Street favorite.”

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UnitedHealth Group Incorporated (NYSE:UNH) provides health benefits and care services through insurance coverage, care delivery, and pharmacy management. Answering a caller’s inquiry about the stock during the September 18 episode, Cramer commented:

“Okay, so UNH, when I read that they are throwing their weight around in Washington and spending a lot of time with the, in the executive offices and really spending a, really making a point of touching bases with all the people who might be able to rub up against some of the people who are trying to hurt them, like maybe prosecutors, it makes me feel that UNH is bottomed. And I did think that they would be, they could have the death sentence of being investigated for Medicare fraud. It does seem like that might be off the table. I don’t, do I want to go buy it here? I would, if I bought it, I would buy with calls. I would not buy with common stock.”

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