Cramer's 'Stop Trading!': Own Owens Corning

Stock quotes in this article: CAT , ENER , PWR , TRN , C , OC  

"We've got to get things moving here," said Jim Cramer on CNBC's "Stop Trading!" segment on Thursday. "We've got to face the fact that we're not doing so well as a country."

Just before the segment, Cramer and host Erin Burnett had learned of a possible deal with Citigroup(C Quote) that would allow courts to alter the terms of mortgages. Cramer said he needed more facts, but that this sort of deal could signal a "major turn in housing." "This would be major," he said. He stressed that "you need principal adjustment," as well.

Cramer offered up a few names for viewers. "You want to be in Trinity(TRN Quote)," he said, and he also recommended Quanta Services(PWR Quote), which he owns for his Action Alerts PLUS, and Owens Corning(OC Quote). "Those are the plays."

He said that Energy Conversion Devices(ENER Quote) has come down a lot, but "I'm wary because you throw a lot of orders to Caterpillar(CAT Quote), not to Energy Conversion Devices."

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
At the time of publication, Cramer was long Quanta.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,270.47 1,093.48 2,167.88 34.29
Oil *
75.55
UP
73.00
UP
6.24
UP
18.86
DOWN
0.17
10 Yr
3.43%
SPDR Gold
109.74
+0.72%
+0.57%
+0.88%
-0.49%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services