Wellpoint (WLP) remained Cramer's favorite healthcare name. He said this stock, which trades at just eight times earnings, should fetch 13 times earnings. He said the company is well-capitalized and is buying back stock to help bolster its share price.

Cramer also gave the nod to the speculative Triple-S Management (GTS), a company that's raised guidance twice so far this year

He also said Express Scripts (ESRX), a stock which he owns for his charitable trust, Action Alerts PLUS, should also fare well in this environment. Cramer said if investors are willing to pay historical multiples for these names, they could see a 35% gain in the share price of Wellpoint, while Triple-S could pop 57%.