TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said the Fed shouldn't be taking cues from KB Home's (KBH) - Get Report latest quarter. Cramer said if the Fed does listen to the KB Home conference call, they're going to feel the need to tighten policy and raise interest rates sooner. 'KB Homes is very bullish about the spring selling season,' he added. On Wednesday, KB Home reported a 17 percent increase in quarterly revenue, year-over-year.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.