Cramer's 'Stop Trading!': Research In Motion
NEW YORK (TheStreet) -- "I urge people to not get too negative on housing," said Jim Cramer on CNBC's "Stop Trading!" segment on Friday. "But recognize that the housing companies are not going to make very much money, because they're giving their houses away at the same price as the existing and foreclosed inventory."
Because existing homes have gotten cheaper, so have new homes, he said, making them a bargain. "We're in house-price stabilization," he said, which is all he's looking for. He said he expects housing to return to the "traditional," up 1% to 2% a year, in 2011 or 2012. As for Research In Motion(RIMM Quote), Cramer said that it's an issue of the average selling price issue, not demand. "The demand side's very good," he said, "but they're cutting prices because Apple's(AAPL Quote) got a superior machine." He said that of the major analysts, "nobody was expecting average selling prices to be this bad." Cramer said he still likes McAfee(MFE Quote) but prefers ArcShight(ARST Quote). "Security is still very, very strong," he said. -- Written by Rebecca Corvino in New York.- Loading Comments...
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