Jim Cramer's Stop Trading! Buy Grant Prideco - TheStreet

Jim Cramer's Stop Trading! Buy Grant Prideco

Cramer also says Pulte is the housing play most likely coveted by Buffett.
Publish date:

If you want to speculate on a bottom in the hard-hit homebuilders, buy


(PHM) - Get Report

, Jim Cramer said Friday on


"Stop Trading!" segment.

Cramer said the speculation that billionaire Warren Buffett is looking at the sector isn't "nutty," but he said investors hoping to play a possible Buffett deal should buy Pulte, which has a national focus, rather than


(HOV) - Get Report

, which is more of a regional player and therefore less likely to be of interest to a big-picture guy like Buffett.

Cramer stressed that he isn't recommending any of the homebuilding stocks, nor would he short them. He said Friday's big rally in

KB Home

(KBH) - Get Report



(BZH) - Get Report



(LEN) - Get Report




shows how hard it is to make a play in either direction on these stocks, whose fundamentals remain poor with house prices slipping and inventory rising.

Cramer also said it's time to buy

Grant Prideco


in light of Friday morning's comments from


(GE) - Get Report

. "It's time to step up," Cramer said.

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

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