KBH is the “quickest way to make money off this plan, that’s a non-bank,” he said.
Cramer also likes CPFL Energia and its 7% dividend yield as a play on a resurging Latin America. Vale, though, is not a buy until commodities demand in China resurfaces.
GE’s stock-buyback suspension could signal a massive reconsideration on the part of corporate America on whether they’ll authorize such large share repurchases ever again, Cramer said. The practice has done virtually nothing for GE.
Lastly, Cramer said rails company CSX is a good play because there’s little chance of the company cutting earnings, which is more than he can say for technology stocks right now. These secure-earnings plays are what Wall Street’s looking for right now.
GE is the parent company of CNBC.
Jim's charitable trust owns GE.
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