Although market players usually expect September to be a bad month, "it's turned out to be the best month of the year," Jim Cramer said on his
"RealMoney" radio show Friday.
When the economy is "red, hot and strong," people don't like it, because when it's strong the
tries to compete against the market and attempts to make it weaker by raising short-term rates, he said.
But when the economy is weaker, people like it.
Cramer believes that the Fed's next move will be to cut rates, but even now people are still getting decent numbers from housing companies.
"The stock market doesn't look at the past, but looks at the future" he said. "In the future, housing stocks are going to get better."
On Thursday night, "the king of California homebuilding,"
, reported a "terrible number," but the stock is up, as is
, Cramer said.
"The market is forecasting better times ahead," he said.
Switching sectors, Cramer said
is going to raise the price for coffee.
When the company reported its last earnings numbers, people thought the company had finally reached its saturation level. But Starbucks CEO Howard Schultz said that it had not reached saturation, but that disappointing results were due to a new banana Frappuccino that took a long time to make and caused longer lines.
"Because Starbucks is raising prices and the company seems very confident, it should be bought," Cramer said.
Another stock he believes should be bought is
, which he owns for his charitable trust,
Action Alerts PLUS.
Goldman is up Friday, but it's still way too cheap, Cramer said. While Goldman is growing at 15% and another financial name,
is growing at 10%, Goldman is valued at half of what Wells Fargo is, he said.
"If Goldman is growing at 15% and another bank is growing at 10%, Goldman Sachs should be valued more highly," Cramer said. "If you want to buy one share of one stock, it should be of Goldman Sachs."
To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.
At the time of publication, Cramer was long Goldman Sachs.
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
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