NEW YORK (
) -- If you want to make a play on healthcare, look to
, Jim Cramer said Wednesday on his
dsegment on CNBC.
Cramer has been a fan of the company since it was trading at $43. Now at $55, he says that there is still more upward movement possible.
"Normally I say I don't want people to take profits and be greedy," Cramer said, "but in a situation where the multiple has been compressed for two years ... I say don't leave WellPoint."
Cramer also said that
launch of its
The Princess and the Frog
movie can shed light on the company's movie division, which has been extremely disappointing.
"It is the beginning of a new cycle, with more movies next year," Cramer said. "This could be another $1 billion product for Disney."
This is the first time Disney has an African-American princess in the leading role.
Gross margins tend to be higher on animated movies, Cramer noted, since they do not have to pay big-named stars like Disney did with Johnny Dept in
Pirates of the Caribbean
In light of the news that
is getting ready to roll out its tablet personal computer in March or April, Cramer also lent his opinion on the stock.
While there have been rumors that Apple has been having some trouble with production and a deal with Verizon to sell the iPhone might not pan out, Cramer says these are not reasons to sell Apple.
-- Reported by Jeanine Poggi in New York.
Follow TheStreet.com on
and become a fan on
Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.