economy

March 5, 2026

We're dipping into our large cash pile to buy more of this health-care stock

The stock's drop this week isn't tied to fundamentals.

We're dipping into our large cash pile to buy more of this health-care stock

TL;DR

  • Jim Cramer's Charitable Trust purchased 90 shares of Cardinal Health at roughly $217.
  • The trust's holding in Cardinal Health increases to 350 shares, representing about 2% of the portfolio.
  • The stock's recent decline is attributed to a market rotation, not fundamental weaknesses.
  • The trust maintains a $260 price target for Cardinal Health.
  • The healthcare sector is experiencing weakness, with Cardinal Health affected by a rotation out of year-to-date outperformers.
  • The drug distributor group, including McKesson and Cencora, is also under pressure following news of McKesson's CFO retirement.

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