Jim Cramer on UnitedHealth Group (UNH): "I Have to Take a Pass"

We recently published a list of Jim Cramer Had These 21 Stocks on His Radar. In this article, we are going to take a look at where UnitedHealth Group Incorporated (NYSE:UNH) stands against other stocks that Jim Cramer discusses.

A caller inquired if UnitedHealth Group Incorporated (NYSE:UNH) stock presents a buying opportunity or has it become a value trap. In response, Cramer said:

“Look, I think, now this is a really tricky one because my rules say that even if I like that stock, and I gotta tell you, I think that Mr. Hemsley is fantastic, even if I like that stock, if there is a Justice Department inquiry, if there are problems with the government, I have to take a pass. Because more often than not, I’ve been hurt when I speculate.”

UnitedHealth Group (NYSE:UNH) is a healthcare company that provides health plans, care services, pharmacy benefits, and health management programs. The company also offers software, data solutions, and consulting to healthcare organizations. Appearing on Squawk on the Street on May 21, Cramer said:

“Oh UNH is up… The things that they, I mean I thought that this was about as strongly denied, they’ve not denied the other stuff… Oh the HSBC, that’s really early… Well Mr. Hemsley bought so much stock. You see those insider buys, from smart people. Those are not idle. It’s not an idle buy. . .I think Hemsley’s money. He’s money. He’s very good.”

Overall, UNH ranks 3rd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of UNH as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UNH and that has 100x upside potential, check out our report about this cheapest AI stock.

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