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Jim Cramer's Stop Trading! Get Well on WellPoint
11/30/06 - 02:58 PM EST
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WellPoint WLP is the best way to play the coming surge in healthcare stocks, Jim Cramer said Thursday on CNBC's "Stop Trading!" program. "This move is going to be gigantic," Cramer said, urging viewers to "pull the trigger" on stocks ranging from the HMOs to the drug makers to the biotechs. Cramer said the group is about to move higher now that the market's "penance" off the Democrats' election victory is complete. Cramer said he also likes Cardinal CAH off Thursday's buyback plan. Cramer doesn't like Zumiez ZUMZ, the sneaker maker that is up 7% Thursday off a strong same-store sales showing. Cramer said he prefers Nike NKE, which has a buyback in place and should produce more consistent results than Zumiez. Cramer also doesn't like Morgans Hotels MHGC, which he calls a "complete disappointment" regardless of whether some analyst believes it will go to 26 from a recent 14.
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