MAD MONEY FEATURES
PODCASTSWatch the Lightning Round whenever and wherever you want.
OFFICIAL MAD MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
CRAMERS SOUNDBOARDAdmit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.
CHECK OUT OUR PHOTOSCheck out Cramer on set, back to school, behind the scenes and more.
SHOP FOR MAD MERCHANDISEBuy Cramer books, bobbleheads and other Mad Money merchandise.
RING TONESPick up the phone! It's Cramer! New Mad Money sounds for your cell phone.
TEXT MESSAGE ALERTMad Money's mobile. Get show highlights sent to your phone.
Text Size 
 |
The principle beneficiary of Treasury Secretary Henry Paulson’s proposed bailout will be the most hard-hit area in housing, Cramer said, California.
The plan could spark a “monstrous and quick” return in that state’s market, he said, “maybe even within the year.”
KB Homes [KBH
Loading...
()
], a California homebuilder with a great dividend, would be the play then. Cramer recommended sitting on that payout until the market turns up.
KBH is the “quickest way to make money off this plan, that’s a non-bank,” he said.
Cramer also likes CPFL Energia [CPL
Loading...
()
] and its 7% dividend yield as a play on a resurging Latin America. Vale [RIO
Loading...
()
], though, is not a buy until commodities demand in China resurfaces.
GE’s [GE
Loading...
()
] 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 [CSX
Loading...
()
] 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.
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes