Cramer's 'Mad Money' Recap: You Can Go Home Again

Stock quotes in this article: CTX , LEN , ORCL , KBH , TOL , NKE , VFC  

Click here for an archive of Cramer's "Mad Money" recaps.


Jim Cramer told viewers of his "Mad Money" TV show Friday that he was "planting the flag" on homebuilder stocks.

"This is the point where Centex(CTX Quote), Lennar(LEN Quote), Toll Brothers(TOL Quote) and KB Home(KBH Quote) are done going down," he said.

Though "everyone on Earth" is saying that the homebuilding stocks are in the "house of pain," Cramer said he's been right on this sector from the beginning of "Mad Money," adding that he was one of the few housing bulls who accurately called the top.

Cramer said he went negative on housing last August, and "saved you a lot of downside."

"When it comes to housing, I've got housing cred," he said. "I told you that you should sell when people loved it. Now I'm telling you to buy."

Showcasing his confidence in the sector, Cramer offered viewers his Top 10 reasons why homebuilding stocks are done going down and ready to come back up.

First of all, Cramer said these stocks just don't go down anymore, even on bad days. On Thursday, these stocks opened down, then finished higher on a down market day.

"That's a nirvana pattern," Cramer said, adding that he doesn't often use technical analysis, but "sometimes the charts work."

Second, Cramer said the herd of analysts are negative on the stocks, even downgrading them as recently as last week. While individual analysts are smart, "when all the analysts do the same thing, it's usually time to do the opposite."

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