Jim Cramer's Mad Money Review

"This is a Joy Global(JOYG ) world," said Jim Cramer on Tuesday's "Stop Trading!" segment on CNBC. "Everybody's going to be paving roads."
Cramer added that with mortgage rates plunging, "housing really will bottom in June." As for homebuilders, he said: "If you believe that housing is going to bottom in six months like I do, and you believe that they're going to get the tax break that was in the papers today, you can actually buy these stocks." But Cramer said he doesn't "necessarily like them."

Cramer prefers Home Depot(HD) and Lowe's(LOW). "But I believe in the rally," he said. "I think housing's clearly going to bottom, at lower prices, six months from now."

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Labels: CNBC's Stop Trading, HD, Home Depot, Jim Cramer, Joy Global, JOYG, LOW, Lowe's, Stop Trading

"Retail's a different animal when things get bad," said Jim Cramer on Tuesday's "Stop Trading!" segment on CNBC. "When we get double-digit unemployment, everything goes."
He said the dollar stores, such as Family Dollar(FDO), are the only thing that might be safe. Not even Sears(SHLD), which he said is not over-leveraged and has a "really good" balance sheet, can avoid the fate of retailers such as Saks(SKS).

"Why should Sears be immune from this?" he said.

"Eddie's my friend," said Cramer, referring to Sears Chariman Eddie Lampert, but "he's got Home Depot(HD) going against him and Lowe's(LOW) going against him."

Addressing big oil, Cramer said that Exxon Mobil(XOM) is his tell. Cramer said that when oil was at $80 to $100, stocks such as Exxon "telegraphed a dramatic decrease in oil" to $60.

Exxon "predicted everything that happened, and it was six months ahead of everything," he said. "And that stock's done going down."

If Exxon was right before, Cramer said, it might be right again. Now he sees a bottom for oil in the $50s and a $2 bottom in gasoline. "You have to believe that oil might be bottoming, because that's what the stocks told you before," he said. He also mentioned that Anadarko (APC) "has moved up lately."
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Labels: Anadarko, CNBC's Stop Trading, Exxon Mobil Corp., Family Dollar, FDO, HD, Home Depot, Jim Cramer, LOW, Lowe's, Sears Holding, SHLD, SKS, Stop Trading, XOM

Shares of Lowe's Cos. (LOW.N: Quote, Profile, Research) slipped 1.6 percent before the bell on Monday after the No. 2 U.S. home improvement chain cut its full-year outlook. But shares of Charles Schwab Corp. (SCHW.O: Quote, Profile, Research) rose 3 percent after Bank of America Corp. (BAC.N: Quote, Profile, Research), the No. 2 U.S. bank, said it agreed to buy Schwab's private banking unit for $3.3 billion. Lowe's shares rose to $30 in electronic trade, up from a Friday close of $30.48 on the New York Stock Exchange. Schwab's shares rose to $19.11 before the bell, up from a Friday close of $18.56 on the Nasdaq. Bank of America shares were yet to trade before the bell after ending at $54.85 on the NYSE on Friday.

Labels: Bank, Charles Schwab, Home, LOW, Lowe's, SCHW, Stocks