Jim Cramer advised investors to own CVS Health Corporation rather than trade it, citing the company's raised guidance, higher price targets, and massive capital plan. CVS Health reported second-quarter revenue of $106.1 billion, up 7.3% year over year, with adjusted EPS rising to $2.58 from $1.81. Management raised 2026 adjusted EPS guidance to $7.90-$8.10 from $7.30-$7.50 and increased operating cash flow guidance to at least $11.5 billion from $9.5 billion. The Health Care Benefits segment's medical benefit ratio improved to 87.4% from 89.9%, and adjusted operating income surged 85.5% to approximately $2.43 billion. However, CVS expects Caremark membership to decline in 2027 as it shifts to lowest net cost pricing, and 340B pressure remains a headwind. The company repaid $3.29 billion of long-term debt in the first half of 2026 and did not repurchase shares.
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CVS Health CorpCVS raised guidance, improved earnings, and announced a massive capital plan, which Cramer advises owning.
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