Cramer's Stop Trading! Stocks Are Finished for the Year (10/28/09)

|
Includes: ANTM, JNY
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday October 28.

WellPoint (WLP), Jones Apparel (NYSE:JNY)

Cramer would take the opportunity to sell any dramatic gains in stocks that fund managers are trying to push up; “I think we’ve seen the highs for the year,” he said. Jones Apparel soared from $2.86 in March to $16.50, but in spite of lean inventories, Cramer thinks the stock is out of gas.

A weaker version of Obama's healthcare plan may pass the Senate, which is more crucial than the House, according to Cramer. This is good news for WellPoint which just reported a "blowout" quarter. Comments from Nancy Pelosi might temporarily bring a decline in the stock, but in that case, Cramer would buy WellPoint; "This is the one to watch. We have their quarter."

:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and his Stop Trading! Picks.

Get Cramer's Picks by email-- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com