Cramer's 'Stop Trading!': Homebuilders Alive

The sector, along with the banks, won't go under, Cramer says.
By TheStreet.com Staff ,

The banks and the homebuilders won't go down, Jim Cramer said on CNBC's "Stop Trading!" segment Tuesday.

"These companies continue to attract investors," he said. He pointed to

Standard Pacific's

(SPF)

ability to raise capital today.

Cramer said this news is broadly bullish for the homebuilders, who may receive further capital infusions from hedge funds. "If you're emboldened, you'll come and buy another homebuilder," he said. He said

National City

(NCC)

had shown similar ability to raise capital earlier this year.

Cramer: Housing Relief Is in Sight

var config = new Array(); config<BRACKET>"videoId"</BRACKET> = 1576250252; config<BRACKET>"playerTag"</BRACKET> = "TSCM Embedded Video Player"; config<BRACKET>"autoStart"</BRACKET> = false; config<BRACKET>"preloadBackColor"</BRACKET> = "#FFFFFF"; config<BRACKET>"useOverlayMenu"</BRACKET> = "false"; config<BRACKET>"width"</BRACKET> = 265; config<BRACKET>"height"</BRACKET> = 255; config<BRACKET>"playerId"</BRACKET> = 1243645856; createExperience(config, 8);

On the other hand, Cramer expressed concern about

Bank of America's

(BAC) - Get Report

decision to buy a bigger stake in

China Construction Bank

. "I threw my hands up with this one," he said. He pointed out that Bank of America already has its hands full with its intended acquisition of

Countrywide Financial

(CFC)

. "I see a dividend I'm worried about," he said.

Cramer said $130 "seems to be this iron floor" in the PHLX Housing Sector Index, Cramer said. "March to April shows when you cut numbers people buy," Cramer said, indicating that there may be a bottom in this space.

Cramer ended the segment by pointing out that

Apple

(AAPL) - Get Report

and

MasterCard

(MA) - Get Report

are the "momentum plays of a lifetime."

At the time of publication, Cramer had no positions in any of the stocks mentioned.

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.

Loading ...