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

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UnitedHealth’s (UNH) quality quarterly results Friday is a good sign for the broader health-care landscape, CNBC’s Jim Cramer said.

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.

 

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