UnitedHealth is back and lifting other health-care stocks with it, Jim Cramer says

Shares of UnitedHealth rose roughly 2% on Friday to around $535 each. In a largely stronger day for the market overall, theclimbed nearly 1%, with only energy and financials performing better. It's worth noting that UNH is the highest-priced stock in theUnitedHealth"is a key component in the health-care universe, and … there will be a plethora of stocks that will trade well off this," Cramer said on is one of them — up nearly 2.

5% on Friday. Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, owns Humana shares.The company's past comments had major ripple effects for health-care stocks, dragging down fellow insurers — such as Humana — while boosting shares of many medical device makers.in July helped soothe investor angst, and Cramer suggested Friday's report offered additional assurance on medical cost trends."UNH is back," he added.

Canada Canada Latest News, Canada Canada Headlines

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

Jim Cramer's top 10 things to watch in the stock market FridayU.S. stocks edge up in premarket trading Friday, while Bank of America reiterates Club holding Nvidia as a 'top pick.'
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market ThursdayThe consumer price index for September comes in hotter than expected.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer argues the bears are wrong: The economy and market are actually strongWe've had quite a run these last few days and the Club put a lot of money to work ahead of the recent rally.
Source: CNBC - 🏆 12. / 72 Read more »