‘CVS is a real company’

On By Littum

We have recently compiled a list of Jim Cramer Recent Stocks: 23 Stocks He Just Talked About. In this article, we’ll take a look at where CVS Health Corporation (NYSE:CVS) stacks up against the other stocks Jim Cramer recently talked about.

With the Federal Reserve’s December meeting over, Wall Street has now shifted to a new paradigm. While the central bank cut interest rates by 25 basis points in a widely expected move, the bank also signaled that 2025 might be accompanied by fewer rate cuts than many might have expected. In fact, markets are not only convinced that the Fed will cut less in 2025, but some even believe that interest rates may be raised, especially since the central bank’s median outlook for 2025 inflation is 2.5%, which is higher compared to the previous 2, 1%.

While the Fed’s announcements and press conference sent the flagship S&P up 3.2%, Jim Cramer explained how the stock market as a whole isn’t doing so well. On the episode of Squawk On The Street, the day of the interest rate cut, he stated: “Look at the material stocks, look at everything related to industrial exports. Look at the housing stocks. David, there are cohorts that are really rolling over. It It’s not like everything is just super powerful and everything is quantum computers and Rocket Lab!”

Cramer added that while some believe parts of the economy such as retail are strong, there may be a need to look deeper. “Look, there’s this growing consensus that’s not necessarily represented in these Fed fund futures, but it’s just saying, why are they doing this? And I’m coming back and saying, why are they doing this,” Cramer said, adding ” So I think the talking heads, and boy are there ever a lot of talking heads, have decided that appearance that if you look at what we see in some retailers, things are strong in retail, it’s also not strong if you count cold.”

Bucking the trend, he emphasized the need to look at the data to find the right stocks. According to him, “I don’t know where these people get that things are strong, they look at the aggregate numbers, I look at the individual companies, I try to find companies that are strong.” Cramer was also confused by the Atlanta Fed’s 4th quarter 3.2% GDP growth estimates. He shared that he’s “trying to find out why. I’m trying to find out where it is. You know David, travel is very strong, yes. Leisure is very strong. Eating out is very strong. These are strong, and by the way, they are very obvious, they look obvious to the Atlanta Fed, I don’t know what kind of weighting they have, but wow.