×

Cramer: WellPoint Goes to $90?

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 is 10.5.

“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?madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website?madcap@cnbc.com