Cramer's 'Stop Trading!': Homebuilders Alive

The banks and the homebuilders won't go down, Jim Cramer said on CNBC's "Stop Trading!" segment Tuesday.

"These companies continue to attract investors," he said. He pointed to Standard Pacific's (SPF Quote - Cramer on SPF - Stock Picks) ability to raise capital today.

Cramer said this news is broadly bullish for the homebuilders, who may receive further capital infusions from hedge funds. "If you're emboldened, you'll come and buy another homebuilder," he said. He said National City (NCC Quote - Cramer on NCC - Stock Picks) had shown similar ability to raise capital earlier this year.

Cramer: Housing Relief Is in Sight

On the other hand, Cramer expressed concern about Bank of America's (BAC Quote - Cramer on BAC - Stock Picks) decision to buy a bigger stake in China Construction Bank. "I threw my hands up with this one," he said. He pointed out that Bank of America already has its hands full with its intended acquisition of Countrywide Financial (CFC Quote - Cramer on CFC - Stock Picks). "I see a dividend I'm worried about," he said.

Cramer said $130 "seems to be this iron floor" in the PHLX Housing Sector Index, Cramer said. "March to April shows when you cut numbers people buy," Cramer said, indicating that there may be a bottom in this space.

Cramer ended the segment by pointing out that Apple (AAPL Quote - Cramer on AAPL - Stock Picks) and MasterCard (MA Quote - Cramer on MA - Stock Picks) are the "momentum plays of a lifetime."