Jim Cramer Put These 12 Stocks Under the Spotlight

2. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Hedge Fund Holders: 150

A caller asked what they should do about and in response, Cramer said:

“Okay, we got the first good news in UnitedHealth since all these problems have come about, and that there was a lot of insider buying today. So you have to ask yourself, why would they buy if they felt that they were going to have a big problem with the Justice Department? That made me feel like that maybe the heat’s going to be off of it for a little bit, but I am not happy with UnitedHealth, and I would sell, I would use strength to sell even more. Why? Because we gotta find out about what Justice is going to do, and even the insider buyers may not know what they’re going to do. Justice is what I call a wild card.”

UnitedHealth (NYSE:UNH) provides a wide range of healthcare services, including insurance plans, care delivery, data analytics, consulting, and pharmacy benefit management. The company’s offerings support individuals, employers, healthcare providers, and government programs. Here is what Cramer had to say about UnitedHealth (NYSE:UNH) on May 6:

“Okay, it’s going to be under pressure for some time because a lot of companies really, a lot of big pension funds and mutual fund managers, thought everything was perfect. But I am going to say today at $400, I would indeed start a position. I have been very negative on UnitedHealth from 630 down to this caller right here. I would start a position at 400 bucks. That’s a big change for me.”