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Stop Trading!

If you believe the homebuilders have bottomed, Cramer recommended a pair on Stop Trading! today that he thinks “have taken the medicine” and are the best of the bunch “if you think the industry is bouncing back and this isn’t a short squeeze.”

Centex and MDC Holdings have both been realistic about the housing situation and are no longer adding land or pumping out homes, Cramer said, and are therefore “ahead of the curve.” He thinks both homebuilders recognize that things are in a downturn and are the “only guys who took the action early enough” so that they can prosper once things get better in the housing market.

On the infrastructure end, Cramer recommended AECOM Technology over his one time best-of-breed Foster Wheeler which reported a “lumpy” quarter. Cramer thinks AECOM is more “consistent and steady” than Foster Wheeler, which missed earnings because some of its contracts did not come through in time.

Cramer also reiterated his bullishness on “Armageddon stocks” like AT&T and Verizon , which are both in the red today. “I love it when I see these stocks down,” he said.


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Symbol
Price
 
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ACM
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CTXS
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FWLT
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MDC
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T
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VZ
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