Jim Cramer Says Buy CVS Stock: 'I Wish I'd Done It for My Trust'

Jim Cramer, host of CNBC's Mad Money, recommended buying shares of CVS Health Corporation (NYSE:CVS) during a recent episode. The recommendation came in response to a caller asking whether the stock is a buy, sell, or hold. Cramer stated: "It's a buy. I sure wish I'd done it for my trust."

Recommendation Change

Cramer did not mention a previous rating for CVS, but he issued a buy recommendation in the latest episode. The stock is currently trading near its lows.

Analyst's Rationale

Cramer noted that healthcare stocks have been out of favor for some time, which may present a buying opportunity. He also expressed regret for not buying the stock for his trust, indicating confidence in its future performance.

Context

The recommendation comes amid a period of underperformance for the healthcare sector relative to other sectors. Cramer did not cite other analysts, but CVS has coverage from several investment banks with mixed ratings. The stock has declined about 15% over the past year.

What to Make of This

Cramer's recommendation reflects a positive long-term view on CVS, but it does not constitute investment advice. Investors should conduct their own research before making any decisions.