Jim Cramer Says “Buy the Stock of CVS, I Sure Wish I’d Done It for My Trust”

CVS Health Corporation (NYSE:CVS) was among Jim Cramer’s stock calls on Mad Money, as he advised investors to stick with the largest tech companies in the market. Noting that healthcare stocks have been out of favor for some time, a caller asked if the stock is a buy, sell, or hold. Cramer stated:

It’s a strong buy. Why? Because this David Joyner has come through the scrum. Well, where do we see a Walgreens? Very few of them. We don’t see Rite Aids anymore. They’re gone. The only real competitor to CVS is Amazon, and CVS has got Aetna; Amazon doesn’t. Aetna is crushing it. Buy the stock of CVS. I sure wish I’d done it for my Trust.

Stock market data. Photo by Alesia Kozik on Pexels

CVS Health Corporation (NYSE:CVS) provides healthcare solutions through insurance, pharmacy benefit management, and retail pharmacy services. Cramer discussed the stock during the July 1 episode, as he commented:

How about these outsized moves in the health insurers and the drug distributors? Oh, I like these. I bet the gains in CVS will be long-lasting. I like UnitedHealth very much here. Humana is doing great.

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