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Jim Cramer's Stop Trading! Rent Pulte

Cramer believes the homebuilders could be good for a trade.



rally points to two days' worth of opportunity in some otherwise horrifically risky homebuilding stocks, Jim Cramer said Friday on


Stop Trading! segment.

Cramer said he might "take a shot" at


(HOV) - Get Report



(PHM) - Get Report


KB Homes

(KBH) - Get Report

in the run-up to Wednesday afternoon's

TheStreet Recommends

Federal Reserve

interest rate decision. Cramer said Countrywide's 30% gain shows that shorts are covering en masse on Friday -- a scenario that Cramer believes could repeat itself in the hard-hit homebuilding stocks, at least until there's clarity on the next shift in Fed interest rate policy.

Cramer also said he's rooting for

Merrill Lynch


chief Stan O'Neal to ride out this weekend's boardroom upheaval. Cramer said he believes O'Neal has done a good job at the firm and the writedown snafu of earlier this week is his first big mistake. "I believe in second chances," Cramer said.

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

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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

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