"We've got to get things moving here," said Jim Cramer on CNBC's "Stop Trading!" segment on Thursday. "We've got to face the fact that we're not doing so well as a country."
Just before the segment, Cramer and host Erin Burnett had learned of a possible deal with
that would allow courts to alter the terms of mortgages. Cramer said he needed more facts, but that this sort of deal could signal a "major turn in housing." "This would be major," he said. He stressed that "you need principal adjustment," as well.
Cramer offered up a few names for viewers. "You want to be in
," he said, and he also recommended
, which he owns for his
. "Those are the plays."
He said that
Energy Conversion Devices
( ENER) has come down a lot, but "I'm wary because you throw a lot of orders to
, not to Energy Conversion Devices."
At the time of publication, Cramer was long Quanta.
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