NEW YORK (TheStreet) -- On Wednesday's "Stop Trading!" segment, Cramer addressed Toll Brothers'(TOL Quote) conference call today.
"Given the fact that the cancellations are very low for Toll, that means there's a lot of available mortgage money," said Cramer. "The mortgage rates are low." He said its 6% cancellation is the same as it was during the 2005 housing boom. He said the call gave "signs that the stabilization, which I've been saying has been going on for months now, is very much with us." This, in turn, signals the "end of the crisis" for Wells Fargo(WFC Quote) and Bank of America(BAC Quote). Ormat Technologies(ORA Quote) has always been a technology leader, said Cramer, but it lacked a big partner. "The technology no longer lacks the money," he said. Unfortunately, the U.S. is not a leader in the field like China and Israel. "The American solar companies, with the exception of First Solar(FSLR Quote), have not been standout," he said. While First Solar has stood out, though, it's "been hurt by cutting subsidies in Europe." Cramer said he likes Ormat. It's "well off the high," he said, "yet it should trade with oil, which is obviously not going down." Cramer called Kimberly-Clark(KMB Quote), which yields about 3.7%, "a tremendous weak-dollar play." -- Written by Rebecca Corvino in New York.| Most Popular Today |
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