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Jim Cramer’s 10 Favorite Healthcare Stock Picks in 2024

In this article, we will take a detailed look at Jim Cramer’s 10 Favorite Healthcare Stock Picks in 2024. For a quick overview of such stocks, read our article Jim Cramer’s 5 Favorite Healthcare Stock Picks in 2024.

Jim Cramer kicked off 2024 with a positive note for the healthcare sector, saying in a program in January that the biopharmaceutical sector had apparently “rediscovered its urge to merge.”

Rediscovering the “Urge to Merge”

Cramer said M&A activity has been a big driver for the industry because when major companies lose patent protections for their drugs, they buy small biotechnology companies which also need bigger companies for distribution, sales and marketing infrastructure. Cramer said because of these complementary dynamics, everybody wins, and “you win if you own them.”

The Tide is Turning for Healthcare Companies According to Cramer

However, Cramer said that the M&A activity in the healthcare industry came to a halt amid FTC’s brutal stance against mergers, headed by FTC chairperson Lina Khan, who, according to Cramer, thinks all kinds of M&A activity is anticompetitive. But the environment is now changing according to Cramer. He highlighted the FTC’s failure to block’s Amgen’s $27.8 billion deal to buy Horizon Therapeutics. This development was “transformative” for the industry, Cramer said. Another deal that brought optimism in the industry was Pfizer’s buyout of Seagen for $43 billion. Cramer said that perhaps the “anger” against corporate America is subsiding too, which is why healthcare companies are deciding to give M&A “another shot.” Cramer mentioned a host of deal announcements from major companies like AbbVie, Roche and AstraZeneca.

Jim Cramer is also highly bullish on weight loss and diabetes drug companies and regularly talks about how GLP-1 drugs are bringing new opportunities for investors. In our recent article we also talked about how the rise of weight loss drugs and new growth catalysts are causing corporate insiders to pile into several healthcare stocks.

Jim Cramer is Bullish on Small-Cap Healthcare Stocks in 2024

Jim Cramer said in one of his latest programs on CNBC that he continues to believe that small-cap stocks would rebound in 2024. However, he thinks that the broader small-cap stock indices are underperforming the S&P 500 even during the 2024 stock rally, and there are many reasons for that. Without going into those reasons, Cramer discussed some of his top small-cap healthcare picks in detail. Cramer said that there are about 400 healthcare stocks in the small cap-focused Russell 2000. The CNBC host said most of these stocks are biotech names and “most of them are bad.” Jim Cramer said he ran a screen for these stocks with an intention to choose small-cap healthcare stocks with positive earnings and “reasonable valuations” and ended up getting just 48 stocks as a result. From these 48 companies, Cramer focused on five small-cap healthcare stocks which we discuss in detail in our article.

Cramer’s Favorite Healthcare Stocks for 2024

For this article we watched latest programs of Jim Cramer and picked his top healthcare stock recommendations. We have sorted the list based on hedge fund sentiment, courtesy of Insider Monkey’s database of 933 hedge fund and their stock holdings. Some top names in the list include Eli Lilly And Co (NYSE:LLY), UnitedHealth Group Inc (NYSE:UNH) and Abbott Laboratories (NYSE:ABT). Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).

10. Addus Homecare Corporation (NASDAQ:ADUS)

Number of Hedge Fund Investors: 17

Jim Cramer thinks one of the most “investable” themes in the healthcare industry is moving away from providing care in hospitals to “other, lower cost settings” like outpatient centers of patients’ homes. Addus Homecare Corporation (NASDAQ:ADUS) does exactly that since it offers in-home medical care and in-home assistance, in addition to hospice care services at home. Cramer said that currently Addus Homecare Corporation (NASDAQ:ADUS) makes most of its revenue from Illinois, New York and New Mexico but it’s expanding to new areas via acquisitions. Cramer highlighted Addus Homecare Corporation’s (NASDAQ:ADUS) $106 million acquisition of Tennessee Quality Care last year. Cramer also said Addus Homecare Corporation (NASDAQ:ADUS) posted strong “top and bottom line beat” in its latest earnings report and the management sounded optimistic and upbeat about 2024.

9. Integer Holdings Corp (NYSE:ITGR)

Number of Hedge Fund Investors: 18

Integer Holdings Corp (NYSE:ITGR) ranks ninth in our list of the best healthcare stocks to buy according to Jim Cramer in 2024. Integer Holdings Corp (NYSE:ITGR) is a medical device outsource (MDO) manufacturer. Cramer said that major healthcare companies like Medtronic, Abbot Laboratories and Boston Scientific go to companies like Integer Holdings Corp (NYSE:ITGR) to actually “design their stuff.” Cramer said that Integer Holdings Corp (NYSE:ITGR) benefits from high healthcare utilization rates since it’s taking “years” for people to get their non-urgent medical procedures due to the pandemic effects. Cramer also said that Integer keeps its portfolio “fresh” by making acquisitions.

In addition to ITGR, Cramer is also recommending Eli Lilly And Co (NYSE:LLY), UnitedHealth Group Inc (NYSE:UNH) and Abbott Laboratories (NYSE:ABT).

8. Owens & Minor Inc (NYSE:OMI)

Number of Hedge Fund Investors: 20

Healthcare logistics company Owens & Minor Inc (NYSE:OMI) is one of the best small-cap healthcare stocks to buy in 2024 according to Jim Cramer. He said Owens & Minor Inc (NYSE:OMI) came on his radar during the pandemic days because Owens & Minor Inc (NYSE:OMI) made Personal Protective Equipment (PPE). Cramer said that Owens & Minor Inc (NYSE:OMI) made good use of the money it made during the pandemic as it initiated “a pair of” acquisitions in the home health space. As a result, Owens & Minor Inc’s (NYSE:OMI) “patient direct segment” has seen a lot of growth while its PPE segment declined. Cramer said Owens & Minor Inc (NYSE:OMI) conducted its investor day event in December where it outlined strong earnings growth expectations which impressed Cramer.

In February, during an earnings call, the company talked about guidance and performance of its Patient Direct segment:

“As a result of this significant cash flow, we reduced total debt by $49 million for the fourth quarter and by $403 million for the full year, bringing the balance to $2.1 billion at year-end. In addition, we reduced net debt by $76 million in the fourth quarter and by $577 million for the full year, bringing the balance to $1.9 billion. Net book leverage was 3.5 times at the end of the fourth quarter. Now, let’s look at our full year 2024 guidance. Consistent with what we discussed on the third quarter call and at Investor Day, we expect net revenue to be in the range of $10.5 billion to $10.9 billion, adjusted EBITDA to be in the range of $550 million to $590 million, and adjusted EPS to be in the range of $1.40 to $1.70. Also, as previously discussed, we expect the earnings trajectory to follow our normal seasonal pattern throughout the year.

To help some of you with your models, we’d expect that seasonality to lead to a roughly one-thirds/two-thirds split across the first and second half of the year from an earnings perspective and we’d expect to deliver improvement in each sequential quarter. Looking ahead, we remain committed to delivering the outlook for both segments, having outpaced market growth in our Patient Direct segment and delivered year-over-year profit improvement in Products and Healthcare Services. As we enter 2024, we’re excited to sustain this momentum and to continue on the initial phase of our five year strategy and investment plan, laying the groundwork for continued future success.”

Read the full earnings call transcript here.

7. Catalyst Pharmaceuticals Inc (NASDAQ:CPRX)

Number of Hedge Fund Investors: 26

Biotechnology company Catalyst Pharmaceuticals Inc (NASDAQ:CPRX) is one of the best small-cap healthcare stock picks of Cramer this year. Cramer said Catalyst Pharmaceuticals Inc (NASDAQ:CPRX) is more of an “investor” than an “inventor” since it buys promising early stage drugs and then brings them into the market. Cramer said Catalyst Pharmaceuticals Inc (NASDAQ:CPRX) recently launched its third drug.

In January 2024, Cramer had said that since he didn’t know anything about Catalyst Pharmaceuticals Inc (NASDAQ:CPRX) he cannot comment on it. However, in his latest program, Cramer said the stock has gone “nowhere” since he told his viewers to “ignore” it which means he hasn’t “missed anything” and it’s still a good time to buy the stock.

6. Progyny Inc (NASDAQ:PGNY)

Number of Hedge Fund Investors: 28

Fertility benefits management company Progyny Inc (NASDAQ:PGNY) is one of the healthcare stock picks of Jim Cramer in 2024. Cramer recently said he’s been “loosely following” the company since it went public. Cramer said that businesses partner with Progyny Inc (NASDAQ:PGNY) to offer family building benefits to their employees. Cramer said Progyny Inc (NASDAQ:PGNY) has been a “rapid grower” but the stock does not reflect this. He thinks the stock has been “stuck” since 2022 and recently it saw a significant pullback amid a guidance that was “confusing” and some “timing issues.” However, Cramer likes Progyny Inc’s (NASDAQ:PGNY) revenue growth (18% to 21%) and earnings growth (10% to 14%). Cramer reiterated that the stock is “enticing.”

In addition to PGNY, Cramer also likes Eli Lilly And Co (NYSE:LLY), UnitedHealth Group Inc (NYSE:UNH) and Abbott Laboratories (NYSE:ABT).

Polen Global SMID Company Growth Strategy made the following comment about Progyny, Inc. (NASDAQ:PGNY) in its Q3 2023 investor letter:

“We bought a new position in Progyny, Inc. (NASDAQ:PGNY), a company owned in our U.S. strategies for some time. They are a leading provider of fertility benefit solutions, and through their differentiated approach, their clients can pursue the most effective treatment and achieve optimal outcomes. We believe the company has only a mid-single digit share of its potential total addressable market and is the most dominant player within the fast-growing managed care category. They are already profitable, earn high returns on incremental capital, and have plenty of runway to grow top-line growth as they continue to win new clients and add new services.”

Click to continue reading and see Jim Cramer’s 5 Favorite Healthcare Stock Picks in 2024.

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Disclosure. None. Jim Cramer’s 10 Favorite Healthcare Stock Picks in 2024 is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

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Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

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