Jim Cramer Talked About These Relatively 19 Cheap S&P 500 Stocks

12. Incyte Corporation (NASDAQ:INCY)

Number of Hedge Fund Holders: 42

Incyte Corporation (NASDAQ:INCY) is one of the relatively cheap S&P 500 stocks Jim Cramer talked about. Cramer mentioned that it is the healthcare stock that “stands out” to him. He stated:

“What else? Now, we know healthcare has been mostly a wasteland this year, which is why only four stocks in the group passed the screen. Among those four, the one that stands out to me is Incyte, a biopharma company with nine approved products, mostly in oncology and dermatology, plus a robust pipeline, which is why the stock’s up almost 23% year to date. Still, Incyte’s expected to have 19% earnings growth, and it trades at just under 12 times next year’s numbers. That’s again, way too cheap.”

Incyte Corporation (NASDAQ:INCY) is a biopharmaceutical company focused on developing and commercializing therapies for oncology, hematology, dermatology, and immune disorders. Cramer discussed the company CEO’s strategies in a June episode. He remarked:

“We then have Incyte. That’s a biotech company. It just got a new CEO, Bill Meury. He’s an industry veteran, known as a deal maker. Makes sense. Meury was previously the CEO of Karuna Therapeutics, which he sold to Bristol Myers for a very nice premium, that better start working soon. Before that, he was… [the] chief commercial officer at Allergan. It’s a company famous for its deal-making.”