WellPointnext year could shoot $40 higher than its Wednesday trading price, Cramer said during Stop Trading!, as long as the stock’s price-to-earnings multiple normalizes.
Cramer predicted $6.50 in 2010 earnings per share for the
company, which, when given WLP’s historic 14
price-to-earnings multiple, would propel the share price to
Cramer’s new $91 target. The stock’s PE right now
“It’s on the move,” Cramer said of WellPoint.
According to Standard & Poor’s Director of Markets, Credit and Risk Strategies Richard Peterson, a New York Yankees win in the World Series is better for the markets. Find out what Cramer, a red-blooded Philadelphia Phillies fan, had to say about it.
Call Cramer: 1-800-743-CNBC
Questions for Cramer? email@example.com
Questions, comments, suggestions for the Mad Money website? firstname.lastname@example.org