Jim Cramer on UnitedHealth: “It Could Come Back”

UnitedHealth Group Incorporated (NYSE:UNH) is one of the stocks Jim Cramer shed light on. Cramer showed a slight bit of optimism toward the company as he said:

“I think UnitedHealth’s going to work here… I think it’s going to work. I really do. Look, I’m not a believer. I don’t like the fact that they had shenanigans, but I will say this: I think that the company is run by a very good CEO. It could come back.”

Jim Cramer on UnitedHealth: "It Could Come Back”

Ken Wolter/Shutterstock.com

UnitedHealth Group Incorporated (NYSE:UNH) provides health benefits, pharmacy care, care delivery, and health management services. In addition, the company offers data analytics and technology-driven solutions for individuals, employers, governments, and health systems. During the August 7 episode, when a caller inquired about the company stock, Cramer responded:

“I have long known, this is something I learned probably in my second decade of trading or investing: You do not buy or sell something where you have no idea what is really happening. And at UnitedHealth, there isn’t anyone other than the CEO and probably 52,000 lawyers who has any idea what’s going on.”

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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