Oscar (OSCR) Needed The Subsidies, Says Jim Cramer

We recently published 12 Fresh Stocks Jim Cramer Discussed Along With His Latest Thoughts On Quantum Computing. Oscar Health, Inc. (NYSE:OSCR) is one of the stocks Jim Cramer recently discussed.

Oscar Health, Inc. (NYSE:OSCR) is a mid-sized healthcare benefits company. It was one of the worst-hit stocks yesterday as the shares closed 17.6% lower. Cramer attributed the dip to healthcare subsidies, as he discussed Oscar Health, Inc. (NYSE:OSCR) after co-host Carl Quintanilla pointed out that stocks such as DaVita and Molina were dragging the market at open. The dip marked another large move for Oscar Health, Inc. (NYSE:OSCR)’s shares in less than a month after they surged by 7.9% in October following the announcement of a new insurance product for perimenopause and menopause. During this show, Cramer commented that Oscar Health, Inc. (NYSE:OSCR) needed healthcare subsidies:

“People are talking, people are saying that, they needed these subsidies. And I’m not going to disagree. . the Democrats would go for it before the ridiculous aircraft thing this weekend. . .Oscar needed that. So that group is not, I’m not saying they’re un-investable, because those things always tend to bounce back.”

Year-to-date, Oscar Health, Inc. (NYSE:OSCR)’s shares are up by 7.8% after benefiting from tailwinds such as reaffirming its full-year growth guidance in September to mark a 16.6% week-over-week gain.

While we acknowledge the potential of OSCR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.