Wall Street is 'terrified' of Elizabeth Warren — Jim Cramer says buy dips in health-care stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

'I think it's too soon to count out UNH. It's too soon to write off Cigna. These companies are coining money,' Jim Cramer says.

shed more than 3% in value during the session. The Massachusetts senator is part of the Democratic Party's progressive wing that wants to pass a national health-care system dubbed "Medicare for All." The program would get rid of the Affordable Care Act, widely known as Obamacare.

Cramer, however, went against the grain and recommended buying UnitedHealth because it has a 2% yield and is "about as oversold as any stock I can recall, down more than 70 points from its highs." He also noted that Cigna is a good opportunity as well. "If Warren can really pass something like Medicare for All —a very big if — then the managed-care companies ... [will] cease to exist," Cramer said. "We don't even know if Sen. Warren is going to get the nomination yet, let alone the presidency. And even if she does win, that doesn't mean she'll have the votes to pass single payer.

"I think it's too soon to count out UNH out. It's too soon to write off Cigna," he continued. "These companies are coining money. Still, that doesn't change the fact that

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

😂

Really? I’ll vote for Warren if that’s true. It’s time to cool down Wall St bubble and prevent another crisis requiring poor Main St to bail out rich Wall St!!!

The dips will be huge and long term if Warren somehow gets elected.

Warren must have promised Gates and Buffett favors worth several fortunes.

Yup go go go re elect trump!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer on the impact of impeachment on the market: 'We've seen this movie before''I say there's no hurry to start buying here, although … history says that you're going to have to try to pull the trigger soon, rather than be left behind,' CNBC's Jim Cramer says. nothing really but we know alot of people will cash out when Republicans leave power as always Jim Cramer is also the Guy Fieri of The investment world. So there’s that. We did? When?
Source: CNBC - 🏆 12. / 72 Read more »

Everything Jim Cramer said about the stock market on 'Mad Money,' including Nike earnings, Twilio CEO, Whirlpool's prospects, Twitter got awayJim Cramer breaks down Nike's performance in the face of tariffs, sits down with messaging provider Twilio CEO Jeff Lawson, analyzes Whirlpool's stock and says Twitter got away from Disney and Salesforce.
Source: CNBC - 🏆 12. / 72 Read more »

Everything Jim Cramer said about the stock market on 'Mad Money,' including Trump impeachment and Bob Iger chatJim Cramer reacts to House Speaker Nancy Pelosi's move to open an impeachment inquiry into President Donald Trump, talks with Disney CEO about his new memoir and interviews GW Pharma CEO. Our mission at is to build the social media platform that ends fake news Whistleblower Tariff-man repeatedly pressured president of Ukraine to investigate Joe Biden’s son, urging Volodymyr Zelensky 8 times to work with Rudy Giuliani on a probe to hamper Trump’s Election2020 opponents. Everything Jim Cramer on 'Mad candy,' including orange man impeachment, Bob Iger chat, new GW Pharma drug
Source: CNBC - 🏆 12. / 72 Read more »