This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Jim Cramer's Mad Dash: KBH AAPL

Stock quotes in this article: KBH, PHM, TOL, AAPL, ADBE, ORCL

NEW YORK ( TheStreet) -- KB Home (KBH) stock is rising after beating analysts' estimates. The company earned 12 cents a share in the first quarter, 10 cents higher than expected, with revenue up 11.2% year over year to $450.7 million. 

TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said the company's earnings report was great. The only thing that could possibly "shoot this thing down" is if Federal Reserve Chairwoman Janet Yellen were to say the housing market was in a bubble, he said. 

The KBH earnings is also giving a lift to PulteGroup (PHM) and Toll Brothers (TOL)

Cramer said raw costs are coming down for the homebuilders, which is helping to improve gross margins. He said it's "premature" to write off the homebuilders just yet. 

Turning to Apple (AAPL), an AAP holding, Cramer said analysts should stop trying "game" the stock by providing estimates for iPhone sales, earnings and other metrics. He said the analysts have been wrong for years predicting Apple's results, so they should stop trying. 

But while Apple has been vigorously iinnovative, that has yet to translate into better earnings and revenue. 

Cramer said Apple's problem is stagnant revenue and earnings per share growth. The company isn't in the midst of a turnaround either, making it hard for investors to find catalysts to own the stock, Cramer said. 

He concluded that companies embracing new technology, such as Adobe Systems (ADBE), are being cheered by the market. Old technology stocks that have failed to embraced new technology, such as Oracle (ORCL), are being sold.

- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,915.45 -127.45 -0.75%
S&P 500 1,958.82 -13.47 -0.68%
NASDAQ 4,447.4470 -45.9430 -1.02%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs