This column was originally published on RealMoney on Oct. 10 at 11:38 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.
There's a new club being formed today: the homebuilding club. It is made up of analysts who have to upgrade because the inventories of homes have been slashed, and slashed well beyond what anyone thought possible.
, for example, has cut the number of homes under construction from 16,000 to 10,500. Cost-cutting measures will yield an upside surprise, JPMorgan says in its upgrade on the stock to overweight from neutral -- to buy from hold, to put it plainly.
, too. In the JPMorgan upgrade, the analyst talks about a nice comparison vs. last year. That will get things going.
Remember what happened here. When everyone at last stopped defending the group and went to sells and holds, we got the bottom, like clockwork.
I think that out of all these, I like
. The trader in me, though, wants to buy all of them and all of the companies --
Black & Decker
-- that go with them.
At the time of publication, Cramer was long Sears Holdings and Ingersoll Rand.
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. Listen to Cramer's RealMoney Radio show on your computer; just click
here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click
here to order Cramer's latest 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
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.