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☆ The Javers Files: Did Change Healthcare's hackers get double-crossed?
▼ + stars: | 2024-03-27 | by ( Eamon Javers | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Javers Files: Did Change Healthcare's hackers get double-crossed? Eamon Javers reports on the latest intel from cybersecurity firm Crowdstrike on what happened to United Health's $22 million ransom paid for to recover data from subsidiary Change Healthcare.

Persons: Eamon Javers Organizations: intel, Health's, Change Healthcare

☆ UnitedHealth Group has paid more than $2 billion to providers following cyberattack
▼ + stars: | 2024-03-18 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

UnitedHealth Group said Monday that it's paid out more than $2 billion to help health-care providers who have been affected by the cyberattack on subsidiary Change Healthcare. "We continue to make significant progress in restoring the services impacted by this cyberattack," UnitedHealth CEO Andrew Witty said in a press release. "We know this has been an enormous challenge for health care providers and we encourage any in need to contact us." It also introduced a temporary funding assistance program to help health-care providers experiencing cash flow trouble because of the attack. A survey published by the American Hospital Association on Friday found that 94% of hospitals have experienced financial disruptions from the Change Healthcare attack.

Persons: it's, Andrew, UnitedHealth, Rick Pollack, Biden, UnitedHealth hasn't, Scott Gottlieb Organizations: UnitedHealth, Change Healthcare, Healthcare, Medicare, Medicaid Services, American Hospital Association, Administration, U.S . Department of Health, Human Services, Office, Civil Rights, Palo Alto Networks, Google Locations: Palo

☆ Biden administration investigating Change Healthcare cyberattack as disruptions continue
▼ + stars: | 2024-03-13 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

The OCR enforces the Health Insurance Portability and Accountability Act's security, privacy and breach notification rules, which most health plans, providers and clearinghouses such as Change Healthcare are required to follow to protect health information. "OCR's investigation of Change Healthcare and UHG will focus on whether a breach of protected health information occurred and Change Healthcare's and UHG's compliance with the HIPAA Rules," the department said. Change Healthcare offers electronic prescription software and tools for payment and revenue cycle management. Parent company UnitedHealth discovered that a cyber threat actor breached part of the unit's information technology network on Feb. 21, according to a filing with the U.S. Securities and Exchange Commission. In late February, Change Healthcare said that ransomware group Blackcat was behind the attack.

Persons: UnitedHealth, Blackcat Organizations: U.S . Department of Health, Human Services, UnitedHealth Group, Healthcare, U.S, HHS, Civil Rights, Change Healthcare, U.S . Securities, Exchange Commission, CNBC, SEC, Department of Justice

☆ Wall Street shrugs off the inflation report — plus, updates from a key health-care stock
▼ + stars: | 2024-03-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

GE Healthcare updates: GE Healthcare CFO Jay Saccaro spoke at Oppenheimer's annual Healthcare MedTech & Services conference. Saccaro expects GE Healthcare to commence stock buybacks at some point, but that's still down the road. GE Healthcare shares fell about 1% Tuesday, but the move doesn't seem tied to the presentation. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jay Saccaro, Saccaro, that's, Jim Cramer's, Jim, Yi Haifei Organizations: CNBC, Oracle, Nvidia, Nasdaq, GE Healthcare, GE, Services, U.S, Jim Cramer's Charitable Trust, Jim Cramer's Charitable, Fair for Trade, China National Convention Center, China News Service, Getty Locations: China, Williams, Sonoma, Beijing

☆ We're bracing for more choppiness in the market ahead as AI trade wobbles
▼ + stars: | 2024-03-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Many observers are arguing that some pockets of the market, mainly in the AI trade, have moved too far, too fast and are ripe for pullbacks. Meanwhile, we'll be keeping an eye on Club holding GE Healthcare's appearance Tuesday at Oppenheimer's MedTech and Services conference. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, industrials, there's, we'll, Oppenheimer's, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Club, Linde, Nasdaq, FMC Corp, Procter, Gamble, Truist, Energy, EQT Corp, Boeing, of Justice, Alaska Airlines, Howmet Aerospace, Tech, Oracle, GE, Services, Jim Cramer's Charitable Locations: Albemarle, Newmont

☆ Cramer's Lightning Round: GE HealthCare can go higher
▼ + stars: | 2024-03-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon GE HealthCare's year-to-date stock performance. Stock Chart Icon Stock chart icon Ares Capital's year-to-date stock performance. Stock Chart Icon Stock chart icon Coherent's year-to-date stock performance. Stock Chart Icon Stock chart icon Pure Storage's year-to-date stock performance. Stock Chart Icon Stock chart icon Manhattan Associates' year-to-date stock performance.

Persons: It's, Ares, I'm, Jim Cramer's Organizations: GE, GE HealthCare, GE Healthcare, Technologies, BWX Technologies, Qualcomm, Ares, Manhattan Associates

☆ UnitedHealth working to restore Change Healthcare systems by mid-March, company says
▼ + stars: | 2024-03-07 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

UnitedHealth Group on Thursday said it expects to restore Change Healthcare's systems by mid-March, offering a potential resolution to the ransomware attack that has disrupted crucial operations across the U.S. health-care system. There is "no indication" that any other UnitedHealth systems were compromised in the attack, the company said in the release. On Friday, UnitedHealth announced a temporary funding assistance program to help health-care providers that are experiencing cash flow problems as a result of the attack. In late February, Change Healthcare said that ransomware group Blackcat was behind the cybersecurity attack. Ransomware attacks can be particularly dangerous within the health-care sector, as they can cause immediate harm to patients' safety when life-saving systems go dark.

Persons: UnitedHealth, Andrew, Blackcat Organizations: UnitedHealth, Securities and Exchange Commission, Healthcare, U.S . Department of Justice

☆ Change Healthcare sets up new electronic prescription service, funding program as cyberattack drags
▼ + stars: | 2024-03-01 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

UnitedHealth Group , Change Healthcare's parent company, is also launching a temporary funding assistance program to help providers manage their "short-term" cash flow needs, the company said. Change Healthcare offers tools for payment and revenue cycle management that help carry out transactions between providers and most major insurance companies. On the site, UnitedHealth said it's establishing a temporary funding assistance program to help providers whose payment distributions have been interrupted. The company added that the program is not meant for providers that are experiencing disruptions to their claims submissions. UnitedHealth recommends using manual workarounds for claims, and said it's working to address the 15% of claims that workarounds cannot address.

Persons: it's, UnitedHealth Organizations: UnitedHealth, SEC, Healthcare

☆ Ransomware group Blackcat is behind cyberattack on UnitedHealth division, company says
▼ + stars: | 2024-02-29 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +4 min

Traders work at the post where UnitedHealth Group is traded on the floor of the New York Stock Exchange. The company said it's working with Mandiant, which is owned by Google , and cybersecurity software vendor Palo Alto Networks . In a since-deleted post on the dark web, Blackcat said Wednesday that it was behind the attack on Change Healthcare's systems. Change's parent company UnitedHealth Group said it discovered that a cyber threat actor breached part of the unit's information technology network on Feb. 21, according to a filing with the SEC. Brett Callow, a threat analyst at the cybersecurity company Emsisoft, said ransomware groups will often make posts like these in an effort to bring victims to the negotiating table.

Persons: that's, Blackcat, Brett Callow, Emsisoft, Callow, they're, UnitedHealth, John Riggi, Riggi Organizations: New York Stock Exchange, Healthcare, CNBC, Google, Palo Alto Networks, UnitedHealth, SEC, U.S . Department of Justice, Change Healthcare, American Hospital Association Locations: U.S

☆ Outages from Change Healthcare cyberattack causing financial 'mess' for doctors
▼ + stars: | 2024-02-29 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +7 min

Small private practices and health-care providers are facing mounting financial pressures as crucial reimbursement systems remain down for the ninth day, following the cyberattack on Change Healthcare. Change Healthcare offers tools for payment and revenue cycle management that help facilitate transactions between providers and most major insurance companies. As of Thursday, Change Healthcare has not shared any updates about when it expects its systems to be back online. Change Healthcare on Thursday said that ransomware group Blackcat is behind the attack. He said it's not clear whether Change Healthcare will take on the responsibility of processing all the claims or if he'll need to hire additional staff to help.

Persons: Purvi, hasn't, Parikh, Kiranjit, immunologist, Dan Inder Sraow, it's, Sraow, Dr, Jesse Ehrenfeld, Ehrenfeld, Ravi Parikh Organizations: Healthcare, Change Healthcare, UnitedHealth Group, U.S . Securities, Exchange Commission, CNBC, U.S . Department of Justice, Google, Palo Alto Networks, Kiranjit Khalsa, Khalsa, American Medical Association, UnitedHealth, DOJ, Wall Locations: New York City, Scottsdale , Arizona, Phoenix , Arizona, U.S

☆ Cramer gives the portfolio's core holdings a makeover — 4 are booted, 6 are added including a trio of tech giants
▼ + stars: | 2024-02-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +12 min

COST 5Y mountain Costco's stock performance over the past five years. DHR 5Y mountain Danaher's stock performance over the past five years. ETN 5Y mountain Eaton Corp.'s stock performance over the past five years. "The megatrends are real serious, and [Eaton] is a real serious company," Jim said. TJX 5Y mountain TJX Companies' stock performance over the past five years.

Persons: Jim Cramer, Jeff Marks, Morgan Stanley, Wall, Beijing's, Jim, Eaton, Linde, Lilly's, Eli Lilly, We've, Zepbound, Mark Zuckerberg's, Mark Zuckerberg, OpenAI, Copilot, management's, Nvidia, TJ Maxx, TikTok, Gen Zers, TJX, Jim Cramer's, Satya Narayana Nadella, Lucas Jackson Organizations: GE Healthcare, Meta, Microsoft, Johnson, Natural Resources, Starbucks, Apple, Apple Music, Services, Amazon, Amazon Web Services, Prime, Costco, Danaher, Eaton Corp, Investors, GE, LIN, Novo Nordisk's Wegovy, Novo Nordisk, Management, Nvidia, TJX Companies, Marshalls, CNBC Locations: Eaton, China, Manhattan, New York City

☆ Outages from cyberattack at UnitedHealth's Change Healthcare extend to seventh day as pharmacies deploy workarounds
▼ + stars: | 2024-02-27 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +7 min

Change Healthcare's systems are down for the seventh day after a cyber threat actor gained access to its network last week. Change Healthcare offers tools for payment and revenue cycle management, and its system outages have disrupted operations in pharmacies and health systems across the country. Change Healthcare merged with Optum in 2022. Rising number of health-care cyberattacksThe attack on Change Healthcare comes after 2023 set a grim record for health-related cybercrime. Impact of Change Healthcare's breachUnitedHealth has not specifically disclosed exactly which Change Healthcare systems have been affected, but the fallout from the cyberattack has caused a ripple of problems across the U.S. health-care system.

Persons: UnitedHealth, John Riggi, Riggi, Cliff Steinhauer, Steinhauer, Cary Brazeman, Brazeman, hadn't Organizations: New York Stock Exchange, UnitedHealth Group, U.S . Securities, Exchange, Change Healthcare, Change, Optum, Healthcare, Palo Alto Networks, Google, CNBC, American Hospital Association, National Cybersecurity Alliance, CVS Health, Walgreens Locations: U.S, Palm Springs

☆ UnitedHealth subsidiary Change Healthcare down for a fourth day following cyberattack
▼ + stars: | 2024-02-24 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Change Healthcare's systems are down for a fourth straight day after parent company UnitedHealth Group disclosed that a suspected cybersecurity threat actor gained access to part of its information technology network on Wednesday. UnitedHealth, the biggest health-care company in the U.S. by market cap, owns the health-care provider Optum, which merged with Change Healthcare in 2022. Optum services more than 100 million patients in the U.S., according to its website, and Change Healthcare offers solutions for payment and revenue cycle management. ET Saturday, Change Healthcare said the disruption is expected to continue "at least" through the day. The AHA declined to comment on the Change Healthcare cyberattack.

Persons: UnitedHealth, We're, CISA Organizations: UnitedHealth Group, Healthcare, U.S . Securities, Exchange Commission, CNBC, CVS Health, CVS, American Hospital Association, AHA, Department of Health, Human Services, FBI, Infrastructure Security Agency, HHS Locations: U.S

☆ Portfolio health care name turns its luck around thanks to management's AI push
▼ + stars: | 2024-02-09 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "That is something we have to celebrate," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Peter Arduini, Jim, Arduini, we're, Jim Cramer's Organizations: CNBC, GE, General Electric, Nvidia, Club, Broadcom, Microsoft

☆ CEO explains why GE Healthcare's research and development is focused on AI
▼ + stars: | 2024-02-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Thursday interview with CNBC's Jim Cramer, GE Healthcare CEO Peter Arduini said a lot of his company's research and development efforts are focused on artificial intelligence. Arduini went through several ways AI can enhance health-care workers' productivity, including technology that makes patient data more cohesive. He added that GE Healthcare's R&D investments over the past year created a pipeline of 40 new products that will have a "flywheel effect" on the business. Arduini also reflected on GE Healthcare's first year as an independent company from GE, saying that independence enabled progress. We have a very focused board, we have people coming to us that really are dedicated to health care," he said.

Persons: CNBC's Jim Cramer, Peter Arduini, Arduini, We've Organizations: GE Healthcare, GE, GE Healthcare's Locations: MRIs

☆ Wall Street gives 2 of our healthcare stocks well-deserved price target bumps
▼ + stars: | 2024-02-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Wall Street liked what it saw from GE Healthcare and Eli Lilly in their earnings reports, leading to a round of well-deserved price target bumps for the Club stocks. GE Healthcare fell slightly Wednesday, holding on to most of Tuesday's almost 11.7% surge. The biggest price target boost for GE Healthcare came from Piper Sandler, going to $94 per share from $84 while reiterating its buy-equivalent rating. Goldman Sachs, which has a hold rating on Eli Lilly, bumped its price target to $650 a share from $600. The GE Healthcare scanner is called the Revolution CT. Martin Schutt | picture alliance | Getty Images

Persons: Eli Lilly, tirzepatide, Lilly, it's, Piper Sandler, —, Mizuho, Wells Fargo, Evercore, Eli Lilly's, Lilly's, Eli, Truist, Cantor Fitzgerald, Morgan Stanley, Goldman Sachs, Jim Cramer's, Jim Cramer, Jim, Martin Schutt Organizations: GE Healthcare, Club, GE, Mizuho Securities, Electric, BMO Capital Markets, Truist Securities, CNBC, Bank of America, Barclays, Getty Locations: Amgen, China, Eli Lilly's, Wells Fargo, Jena , Germany

☆ We're making a small stock sale to add to our newest position in the portfolio
▼ + stars: | 2024-02-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

We are buying 85 shares of Abbott Laboratories at roughly $113.91 and selling 60 shares of Procter & Gamble at roughly $158.97. We're making a small swap to add to our newest position in the portfolio. The quarter showed a 4% increase in organic sales, thanks to the consumer staple company's ability to raise prices on its products while also improving volumes. This momentum is expected to continue in 2024, with management forecasting organic sales to grow 8% to 10%. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Abbott, Jim Cramer, Jim Organizations: Abbott Laboratories, Procter, Gamble, ABT, Abbott Labs, GE, CNBC

We're selling 95 shares of GE Healthcare at roughly $74. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 1,150 shares of GEHC, reducing its weighting to 2.75% from 2.97%. If hospitals have more of a wherewithal to invest in medical equipment, some of that will go to GE Healthcare. Philips orders have been down for six quarters in a row, but GE Healthcare hasn't seen that weakness yet. With Wednesday's sale, we'll realize a small loss of about 7% on GEHC stock purchased last May.

Persons: Jim Cramer's, GEHC, We've, Jim Cramer, Jim Organizations: GE Healthcare, JPMorgan Healthcare, Philips, GE, JPMorgan, GE Healthcare hasn't, CNBC Locations: China, GEHC

Shortly after the opening bell Wednesday, we will be buying 75 shares of GE HealthCare Technologies (GEHC), at roughly $66.17 apiece. Following the trade, Jim Cramer's Charitable Trust will own 1,245 shares of GEHC, increasing its weighting in the portfolio to 3.06% from 2.88%. GE HealthCare Technologies is a prime example. The medical equipment maker on Tuesday reported strong third-quarter results , beating expectations on revenue and earnings with solid margin expansion. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Jim Cramer, Jim Organizations: GE HealthCare Technologies, GEHC, GE, CNBC Locations: China

☆ GE HealthCare's standout quarter shows why it's a company to own
▼ + stars: | 2023-10-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Shares of GE HealthCare surged roughly 5% Tuesday, to more than $66 apiece. Looking ahead to next year, our thesis is unchanged: GE HealthCare should be one of the big winners from recent advancements in Alzheimer's treatments. Last week, GE HealthCare's Dutch peer Phillips (PHG) said its orders fell 9% in the third quarter, marking its fifth-straight quarter of declines. The wide gap in orders between the two companies suggests to us that GE HealthCare is taking market share in the industry. Guidance GE HealthCare reaffirmed most of its 2023 outlook Tuesday.

Persons: Phillips, Jim Cramer's, Jim Cramer, Jim, Rafael Henrique, Lightrocket Organizations: GE HealthCare Technologies, GE HealthCare, General Electric, GE, Management, CNBC, Getty Locations: China, U.S

☆ These are the top 4 Club stocks — and the bottom 4 — during the third quarter
▼ + stars: | 2023-09-30 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +11 min

Here's a look at the top four and bottom four Club stocks in the third quarter as Wall Street gears up for the first trading day of the fourth quarter on Monday. The winners LLY mountain 2023-06-30 Eli Lilly's stock performance in the third quarter. CAT mountain 2023-06-30 Caterpillar's stock performance in the third quarter. F mountain 2023-06-30 Ford Motor's stock performance since the end of the second quarter. In the first few weeks of the quarter, shares of the medical equipment giant actually edged higher, but its fortunes would turn significantly.

Persons: —, Eli Lilly, Eli Lilly's, Lilly, Wegovy —, Microsoft's, Locker, Mary, Jim Cramer, Dillon, Estee Lauder, we're, Fabrizio Freda, Stellantis, Ford, Jim, we've, there's, Foot Locker, GE Healthcare's, Jim Cramer's, Frederick Florin Organizations: Federal Reserve, Dow Jones, Nasdaq, Dow, Novo Nordisk, Investors, Caterpillar, Natural Resources, West Texas, Google, Microsoft, FL, Ford, United Auto Workers, UAW, General Motors, Detroit, GM, GE, GE Healthcare, CNBC, AFP, Getty Locations: U.S, WTI, Asia, Illinois, Estee Lauder, GOOGL, Fegersheim, France

☆ Health care has had a tough year. Where we stand on our 5 stocks in the sector
▼ + stars: | 2023-09-22 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +12 min

Bausch Health (BHC) is a different case. Key points Health-care stocks outperformed the broader U.S. stock market last year, but this year it's been much-tougher sledding for the sector due to a variety of headwinds. We feel comfortable owning our three other primary health care stocks: GE Healthcare, Humana and Danaher. In recent weeks, analysts at Wells Fargo and Citigroup have started coverage of GE Healthcare with buy ratings. The analysts at Jefferies now rate Bausch Health stock a buy, with a price target increase to $16 per share from $9.

Persons: There's Eli Lilly, Eli Lilly, That's, Eli Lilly's, Ryan Issakainen, we're, Issakainen, –, Stryker, Jim Cramer, it's, Jim, We've, Bausch, BHC, We're, I'm, Jefferies, Jim Cramer's, Frederick Florin Organizations: GE Healthcare, Health, Federal Reserve, First Trust Advisors, Humana, Medicare, Dow, UnitedHealth, GE, General Electric, —, Citigroup, Jefferies, CNBC, AFP, Getty Locations: what's, China, STE, Biogen, Wells, Bausch, Fegersheim, France

☆ Cramer's Lightning Round: Hold DraftKings
▼ + stars: | 2023-08-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

Stock Chart Icon Stock chart icon Salesforce's year-to-date stock performance. Stock Chart Icon Stock chart icon SoFi's year-to-date stock performance. Stock Chart Icon Stock chart icon UiPath's year-to-date stock performance. Stock Chart Icon Stock chart icon DraftKings' year-to-date stock performance. Stock Chart Icon Stock chart icon GE HealthCare's year-to-date stock performance.

Persons: we'll, I'm, It's, Anthony Noto, we're, they're, Let's, DraftKings, I've, it's, James Quincey's, Coke, Jim Cramer's Organizations: Charitable Trust, American Airlines, GE, GE HealthCare

☆ Why Cramer says it's not time to take profits in this standout retail stock
▼ + stars: | 2023-08-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stick with TJX TJX Companies (TJX) delivered a solid second quarter Wednesday, with comparable-store store sales up 6%, well ahead of analysts' estimates of 3%. Watch GE HealthCare Wells Fargo on Wednesday initiated coverage on Club name GE HealthCare Technologies (GEHC) with an overweight, or buy, rating and $90-a-share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, TJX, Wells, Jim Cramer's, Jim Organizations: CNBC, Commerce Department, U.S, TJX, GE HealthCare Wells, GE HealthCare Technologies, GE, Siemens, GE Healthcare Locations: Stocks, U.S, GE HealthCare Wells Fargo

☆ We are buying one health-care stock and raising our price target on another
▼ + stars: | 2023-08-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

We are buying 100 shares of GE Healthcare Technologies (GEHC) at roughly $73.76. Following the trade, Jim Cramer's Charitable Trust will own 850 shares of GEHC, increasing its weighting in the portfolio to 2.16% from 1.91%. The medical device group has been in a steady decline lately as the aversion to health-care stocks this year continues, and we are using this weakness to buy a little more of GE Healthcare. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, —, Peter Arduini, Eli Lilly Eli Lilly, Lilly, Eli Lilly, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: GE Healthcare Technologies, GEHC, GE Healthcare, GE, Novo Nordisk, Jefferies, pharma, CNBC Locations: Lilly

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