Stop Trading!
Jim Cramer's Stop Trading! Get Well on WellPoint
TheStreet.com Staff
11/30/06 - 02:58 PM EST
WellPoint (WLP Quote - Cramer on WLP - Stock Picks) 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 Quote - Cramer on CAH - Stock Picks) off Thursday's buyback plan.
Cramer doesn't like Zumiez (ZUMZ Quote - Cramer on ZUMZ - Stock Picks), the sneaker maker that is up 7% Thursday off a strong same-store sales showing. Cramer said he prefers Nike (NKE Quote - Cramer on NKE - Stock Picks), which has a buyback in place and should produce more consistent results than Zumiez.
Cramer also doesn't like Morgans Hotels (MHGC Quote - Cramer on MHGC - Stock Picks), which he calls a "complete disappointment" regardless of whether some analyst believes it will go to 26 from a recent 14.