BALTIMORE (Stockpickr) -- According to Jim Cramer, the weak housing numbers are a victory for the bulls. On Wednesday's "Mad Money" TV show, he said no one should have been shocked by the poor new-home sales data. Cramer thinks the real story is how so many economists got their estates wrong.
He pointed out that he's been preaching for weeks how the housing recovery is waning due to problems in Europe and the expiration of the federal tax credit on new homes. Cramer explained that it makes sense that the numbers were weak this quarter since most prospective home buyers bought last quarter to take advantage of the credit.
Cramer said that what was surprising about this quarter was how home prices were still rising, despite the large overhang of unsold inventory. He told viewers he's still bullish on housing and thinks we will see a housing shortage in 2012.
Cramer recommended housing stocks such as
, which he called attractive and cheap.
Recently, Cramer found opportunity in stocks that could benefit off the
, accidentally high-yielding
and technology stocks. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on
blog posts. (These blog posts might require a
: Recently, Cramer highlighted his top 13 new dividend stocks that fall into two categories -- "accidental high-yielders" and "dividend boosters." In a
he wrote: "
Plum Creek Timber
is the largest private timberland owner in the U.S., and it's a major beneficiary of the rebounding building-materials market, a business that should get even stronger." The
National Fuel Gas
: Cramer sees opportunity in stocks such as
off the news that China is revaluing their currency. On
Monday's "Mad Money" TV show,
he said both
will do well as the Chinese middle class does well. The
: Cramer has identified five stocks like
that hedge fund managers could pile into between now and the end of the month. On
he told viewers that
with its solid subscriber gains is a great choice for hedge fund managers. The
Pioneer Natural Resources
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: Cramer believes that the double-dippers aren't going to reach for stocks like
. In a
June 21 blog post,
he wrote: "
is screaming here, up eight, as it continues to recover from worries that strapped governments and hospitals won't allow its use or pay for it. Silly, if you ask me." The
: Cramer thinks tech stocks like
are just fine. In a
June 22 blog post,
he wrote: "Red Hat? Maybe a good tell for
, not that the latter needs it because we are going to see their new red hot Chatter product, the corporate social networking system that companies are apparently clamoring for." The
Research In Motion
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: Cramer thinks the Gulf oil spill is bad news for retail stocks such as
Polo Ralph Lauren
. In a
he wrote: "Retail is especially vulnerable here because you can't quantify the misery that the spill is creating to the American psyche." The
Bed Bath & Beyond
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(Editor's note: At the time of publication, Cramer owned Apple and Home Depot for his Action Alerts PLUS charitable trust.)
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