Jim Cramer’s 17 Stock Calls Like PepsiCo, CVS, and Advice to Stick with Large Tech

15. Welltower Inc. (NYSE:WELL)

Welltower Inc. (NYSE:WELL) was among Jim Cramer’s stock calls on Mad Money, as he advised investors to stick with the largest tech companies in the market. Cramer praised the company’s chart, as he commented:

Why don’t we start with the weekly chart of the biggest one, the one everybody knows if you’re following this industry, and that’s Welltower. It’s a real estate investment trust that owns one of the largest senior housing portfolios in America. Welltower owns the real estate and partners with different operators to manage many of them. But ultimately, Welltower’s a landlord. When you look at the weekly chart, you can see that Welltower’s been in a magnificent three-year uptrend, that is so clean, no signs of slowing down at all. And it makes sense.

They own lots of senior housing in a world where the 80-plus demo is skyrocketing. Fitzpatrick (Dan Fitzpatrick, founder of Stock Market Mentor) points out that the 40-week moving average… shows strong institutional buying every time Welltower share pulls back… The professionals come in, and they load up the truck.

The top of the trading range shows you that how far the stock can run before these institutions back away- some room there. But Fitzpatrick believes this stock can keep chugging higher. He thinks you can buy Welltower right here, right now, but you should leave room to buy a little more in weakness. Maybe the next time the stock pulls back to around its 40-week moving average… And that’s a very solid line of support. That’s a very pretty chart, people.

Welltower Inc. (NYSE:WELL) is an S&P 500 company that offers a portfolio of over 2,500 rental and wellness housing communities tailored for older adults. The firm uses its own data science and operating platforms to drive capital allocation.