Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

MAD MONEY FEATURES

Podcasts PODCASTS
Watch the Lightning Round whenever and wherever you want.




Widget OFFICIAL MAD MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.




Soundboard CRAMERS SOUNDBOARD
Admit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.




Mad Money PhotosCHECK OUT OUR PHOTOS
Check out Cramer on set, back to school, behind the scenes and more.




ShopSHOP FOR MAD MERCHANDISE
Buy Cramer books, bobbleheads and other Mad Money merchandise.




Ringtones RING TONES
Pick up the phone! It's Cramer! New Mad Money sounds for your cell phone.




Mobile AlertTEXT MESSAGE ALERT
Mad Money's mobile. Get show highlights sent to your phone.







Font size:
Mar.12
3:07 PM ET
Wednesday, 12 Mar 2008
Stop Trading!: Woe Is Health Insurance


The health insurance stocks are all oversold after being cut in half after yesterday’s lowered forecast from WellPoint [WLP  Loading...      ()   ], Cramer said on Wednesday’s Stop Trading!

However, while these stocks are obscenely cheap, he doesn’t necessarily think they are due for a bounce just yet. Keep an eye on the sector, though. “I can’t believe that WellPoint will be lower than here at the end of the year,” he said.

On the financing and leasing company CIT Group [CIT  Loading...      ()   ], Cramer said he wouldn’t buy it because of its portfolio heavy on student loans and mortgages. But the company is a “model of disclosure” for divulging its finances truthfully and in full to the public, he said.

Cramer also said he was gun-shy on mining equipment maker Joy Global [JOYG  Loading...      ()   ] – a company he would recommend if it weren’t trading at its 52-week high. Once analyst estimates go higher, JOYG will look more compelling, he said.

Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?

© 2008 CNBC, Inc. All Rights Reserved

Permalink: /id/23592450

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis