Jim Cramer's Portfolios of the Week

Stock quotes in this article: NOV , AMZN , M , NBR , SLB , HK , WFMI  

Updated from 06:59 a.m. EDT

Jim Cramer sees the light at the end of the tunnel for the housing sector and the U.S. economy - if the controversial housing bill can pass the Senate. He even went as far as to say you have to buy a house between now and the next six months. Cramer feels the passing of the bill could also mark a bottom in the banking stocks and fuel a short-squeeze for the rest of the market. No matter what happens with the bill, Cramer is ready to identify the next bull market for investors.

Recently, Cramer found opportunity in 4 bank stocks, biotech stocks and retail stocks. For some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts (these blog post links require a RealMoney subscription), please click here.

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.

A note from James Altucher:

Every weekend I send an email to Jim Cramer and several hedge fund managers about the most interesting portfolios posted on Stockpickr that week. Usually those portfolios not only list stocks according to a theme but also offer significant analysis as to why the stocks are cheap.

Here are some examples:

Here's the challenge: Build a portfolio at Stockpickr.com with great analysis, and send me the link. Each great portfolio (with analysis) will get posted on TheStreet.com with your byline (as a "Stockpickr Guest Columnist") and will be included in my email I send to Jim and the other hedge fund managers on my list.

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