Jim Cramer's Mad Money Review

Buy Caterpillar (CAT), Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.
On news of an earthquake that has cost a great deal of damage and as many as 15,000 lives, Cramer spoke of the "rebuild in China," which he said was an equivalent of Hurricane Katrina in terms of infrastructure buildout. He pointed viewers to Caterpillar and Terex (TRX) as plays on the news. He also recommended Cummins (CMI). "They're all headed up ... because of the rebuild," he said.
Cramer said today's rally has a lot to do with bullish action from mortgage insurer Freddie Mac (FRE). "They have gotten rid of the systemic risk," he said. He called Freddie Mac and Fannie Mae (FNM) the "last of the black holes" for the financial crunch.
Cramer said Freddie is getting a lot of business, which he thinks may actually offset the company's losses. He said bears don't believe that's the case, but he pointed out that Freddie is a well-run company. Fannie is not as good, he said.
In the consumer discretionary space, Cramer said he had thought "the buyers would just call it quits" after the government's stimulus checks came in. He revised his forecast, saying maybe earnings from Kohl's (KSS) tomorrow will be the time to sell.
He expressed his surprise at the continued rise of some retailers. "Certainly we know that Costco (COST) is better than we thought. ... TJX (TJX) was a little disappointing, and look -- it goes up." He pointed out that Wal-Mart (WMT) stock has traded back to where it was before reporting earnings.
"A lot of people feel that the worst is over," Cramer said. He pointed out that the Fed called victory when inflation numbers came in better than expected.
Cramer also said that the year of wind power may arrive this year, not next year as he had previously predicted. He pointed out bullish action in Fluor (FLR) and First Solar (FSLR) as evidence of alternative energy stories.
He also said that Research In Motion (RIMM), Apple (AAPL) and MasterCard (MA) are offering leadership in the economy.
On the housing crisis, Cramer said that Toll Brothers (TOL) CEO Bob Toll was "negative negative negative" when the two spoke on last night's "Mad Money" TV show. He predicted that the housing problem in Florida would be much better in 18 months.

Published By TheStreet.com

Labels: AAPL, CAT, CMI, COST, FLR, FNM, FRE, FSLR, Jim Cramer, KSS, MA, RIMM, Stop Trading, TJX, TOL, TRX, WMT

On news that EnCana (ECA) would be splitting into a natural gas firm and an integrated oil company, Cramer said several other companies might make a similar move. He pointed to Anadarko (APC) and ExxonMobil (XOM).
"My urging is you go over these companies," Cramer said. "They all have oil, and they've all got gas businesses." He advised against chasing the stocks higher, but said that inventory numbers could send these stocks down, creating a buying opportunity.
Cramer also discussed Toll Brothers (TOL) CEO Bob Toll, who will be appearing on "Mad Money" tonight. Cramer praised Toll for always being "straight with me." He said the homebuilding CEO is "not bullish at all." Cramer said he would ask Toll why he is talking about buying more land, a move of which Cramer is skeptical.
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Labels: APC, ECA, Jim Cramer, Mad Money, TOL, XOM

Just so you know, I just issued an alert. ... You should buy it here," he said of the cosponsors of Vytorin, which made headlines today after the Food and Drug Administration said it would issue early communication on the drug. He's reminded of Bausch and Lomb, Bristol-Myers Squibb (BMY) and other pharmaceutical companies that experienced exaggerated stock-price dives on bad news. Those situations, Cramer said, represented buying opportunities.
"The headline risk in drugs is also far worse," Cramer said. "This is what happens with drug stocks. Everyone panics at the same time. They get knocked all the way down."
"This is just unbelievable to me," Cramer added, saying that to cut shares of Schering-Plough so much, investors would have to believe the FDA was going to pull Vytorin.
Cramer continued, "I would buy Merck too. ... This is a classic headline overreaction."
Cramer concluded by saying he prefers Thornburg Mortgage (TMA) and Toll Brothers (TOL) to Fannie Mae (FNM) and Freddie Mac (FRE). "I just think that they're not investible. ... I didn't like them ... yesterday."
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Labels: BMY, FNM, FRE, Jim Cramer, Stop Trading, TMA, TOL

J. Crew (JCG) was the only stock pick Cramer offered on CNBC's "Stop Trading!" segment Tuesday, but its quarter was so good that Cramer had CEO Mickey Drexler sign a conference call transcript as a keepsake.
"The guy's my hero," Cramer said, explaining his fanaticism. "It was a great quarter."
During the remainder of the segment, Cramer discussed the continuing liquidity crisis.
The matter comes down to CEO confidence, Cramer believes. "If they have liquidity... why are the cancellations so great? ... People are talking about 30%" of loans ending in foreclosure, Cramer said.
No one knows how bad things are, he said. "We can't loan to this level of value, and we can't get appraisal," he said. "In the Toll Brothers (TOL) call, [CEO Robert Toll said] at this time next year we'll be worrying more about the election than we will about housing prices."
The market is "not priced out, but mortgaged out," Cramer stressed. "That's a confidence issue."
"When you want a home, it's very hard for you to come buy one, particularly in that $400,000 to $500,000 level," he added.

Labels: JCG, Jim Cramer, Stop Trading, TOL

Homebuilders are getting gloomier about the slumping housing market, as a 22-year-old index that tracks their sentiment set a new record low Tuesday.
The National Association of Home Builders said its housing market index, which tracks builders' perceptions of conditions and expectations for home sales over the next six months, fell two points to 18 in October, the lowest level since the index began in Jan. 1985. It was the eighth straight monthly decline.
The consensus forecast of economists surveyed by Thomson/IFR was for a reading of 19.
Index readings higher than 50 indicate positive sentiment. The seasonally adjusted index has been below 50 since May 2006.
The report came as Treasury Secretary Henry Paulson, in a speech at Georgetown University's law school, said the housing market correction is persisting for longer than expected and appears likely to "continue to adversely impact our economy, our capital markets and many homeowners for some time yet."
Declines in builder confidence were seen across the country, except for the Midwest, which increased by two points but remained the weakest region nationwide.
Source: Alan Zibel, AP Business Writer

Labels: BZH, CTX, DHI, Homebuilders, HOV, KBH, LEN, PHM, RYL, TOL

This year's decline in existing home sales will be steeper than previously anticipated, a trade group for real estate agents predicted Wednesday.
The eighth straight downwardly revised forecast from the National Association of Realtors calls for U.S. existing home sales to be 10.8 percent below last year as housing market woes persist. Sales of new homes, meanwhile, are expected to finish 2007 at the lowest level in a decade.
The trade group's outlook for 2007 homes sales has grown more pessimistic through the year as foreclosures soared, credit market troubles developed and sales fell. Back in February, the group forecast an annual decline in existing home sales of only 0.6 percent.
In its October report, the association predicts 5.78 million existing homes will be sold in 2007, down from 6.48 million last year. Last month, the association predicted an 8.6 percent drop from a year ago.
This year's sales would be the lowest since 2002, when sales hit 5.63 million.
Sale prices for existing homes are forecast to drop 1.3 percent to a median of $219,000 this year -- a slight improvement from last month's prediction of a 1.7 percent decline. The median price refers to the point where half sold for more and half for less.
Next year, the trade group expects existing home sales to climb to 6.12 million. That is 2.4 percent lower than last month's prediction.
Source: Alan Zibel, AP Business Writer

Labels: BAC, BZH, CFC, DHI, Home Sales, KBH, LEN, MDC, PHM, SPF, TOL, WB, WFC, WM

The Fed's 50 point cut on Tuesday sparked the stock market, and CNBC's "Fast Money" discussed why the bulls are running, and what it means for financial stocks:Najarian: Tuesday's actions all about the financials. Financial Select Sector SPDR, ton of volume in call options.Macke: Can't be short financials now.Adami: continues to like financials; Lehman Brothers(LEH), Goldman Sachs (GS) and Morgan Stanley (MS)All Clear on Wall Street? CNBC's Charlie Gasparino discussed whether brokers are a buy now. Gasparino feels confident about most of the brokers except Bear Stearns (BSC)--lease diversed and tied to credit markets.OIL: Crude oil hit another record touching $81.51 and gold traded to $735, its highest level in 27 years. Author Dennis Gartman: Shocked by feds decision. Thinks stock market will continue to climb.Housing Market: Adami: housing stocks are back for a trade. He likes Hovanian, (HOV), Toll Brothers (TOL) and Pulte Homes (PHM)Finerman: Still likes Home Depot(HD), which she owns for its cheap valuation.Word on the Street: Cummings (CMI) and Caterpillar (CAT) exploded higher on the Fed cut. Najarian: Thinks CAT has much more upside to come.Global: China and Brazil's markets soared on the rate cuts. Tim Seymour, Principal at Red Star Asset Management, joined the crew to discuss the emerging markets. Seymour likes gold and Brazil ETF (EWZ)Face 2 Face:Viewer writes: "What happened to the recommendation to get out of gold if the Fed dropped its rates?" Adami reiterated his bearish stance on gold.Viewer writes: "Should I sell my October $195 call options on Goldman Sachs (GS) now or is there still more upside?" Najarian- feels strong about GS, but you should take half the position off before earnings.Viewer writes: "What is your outlook for Tiffany's (TIF) as the holiday season approaches?" Macke is positive about Tiffany's and Blue Nile (NILE)Pops & Drops:Pops: Macke-Caterpillar (CAT), Finerman-Target (TGT), Adami-Alcoa (AA)-could be bought out by Najarian's pick-Billiton (BHP), and Finerman-Wendy's (WEN)Drops: Najarian-E*Trade (ETFC), Macke-Hovnanian(DOG), Adami-Boeing(BA)Final Trade:Macke- Macy's (M)Finerman- Altria (MO)Adami- Nucor (NUE)Najarian- Companhia Vale do Rio Doce (RIO)

Labels: BHP, BSC, CAT, CMI, CNBC, ETFC, EWZ, Fast Money, GS, HD, HOV, LEH, MS, NILE, PHM, SPDR, TGT, TIF, TOL, WEN

Housing stocks rose along with the broader market Tuesday after the U.S. central bank sharply cut its target interest rate for the first time in four years.
The Federal Reserve cut the federal funds rate by half a percentage point to 4.75 percent, exceeding expectations on Wall Street for a quarter-point cut. The bank said it made the move to prevent the housing market turmoil from causing more widespread economic problems.
The housing sector is in the third year of its worst contraction in 16 years. Earlier Tuesday, a reading of business sentiment among homebuilders matched its lowest level ever in September, primarily because builders are seeing record-low numbers of potential buyers.
The Fed's move makes it less expensive for mortgage lenders to borrow money to finance loans to home buyers, which should lower consumer borrowing rates. Investors expect that to boost demand among potential home buyers who had become priced out of the market for a home loan.
Here's a look at how shares of some major homebuilders fared in afternoon trading Tuesday .
D.R. Horton Inc. rose 63 cents, or 4.3 percent, to $15.15.
Pulte Homes Inc. rose 60 cent, or 3.7 percent, to $16.69
Hovnanian Enterprises Inc. jumped $1.68, or 14.9 percent, to $13.02
Lennar Corp. rose 29 cents to $26
Centex Corp. rose 59 cents, or 2 percent, to $28.43
Toll Brothers Inc. rose 62 cents, or 2.2 percent, to $28.46
Published by AP

Labels: CTX, DHI, Federal Reserve, Hot Stocks, Housing Stocks, HOV, LEN, PHM, TOL

Bullish calls:
Herbalife (HLF): 'I have switched to Herbalife (HLF) and I am much thinner!' US Bancorp (USB): 'at 4.8% yield, USB... I'd pull the trigger right here! I think they're going to own the mortgage market.' Wells Fargo (WFC) Southern Copper (PCU): 'Skee Daddy likes PCU... no doubt about it.' Freeport McMoRan (FCX): ' if you want a cheaper stock that is off more, because the hedge funds kept dumping it all over the place... it is Freeport McMoRan, which is down a quick $15.' Novartis(NVS): 'Novartis is the play.' Cal-Maine Foods (CALM): 'Yeah, that stock is still cheap. And people don't understand... it's like the only egg producer around there.' Kraft Foods (KFT): 'That's the big dairy play that I like very much, and I'm reiterating that everybody's circling around KFT. Irene Rosenfeld's going to sell some brands. That stock goes from $32 to $35.' Dell(DELL):'It reports later this week. I think it's going to have an upside surprise … I think it reports $30 by the year's end.' Coca-Cola Enterprises (CCE) PepsiCo(PEP): 'PEP, at $68, has still got more upside. Great international growth. Frito Lay turned. Brand new sugar-free Gatorade coming, and great ads last night on Sunday Night Football on NBC.' Toll Brothers (TOL): 'I think is going to bottom, ahead of all the other homebuilders - the only area in this whole country with real estate that is not falling off a cliff.' CACI International (CAI) Raytheon (RTN): 'I like Raytheon more than CAI.' Lockheed Martin (LMT): ' … broke out today.' General Dynamics (GD) American Standard (ASD): 'ASD, in the end, is an inexpensive stock. You know I like the management. But it's got a new CEO. It's no longer going to be Fred Poses. I've got to stick by ASD!' Hudson City Bancorp (HCBK)
Bearish calls:
Blackstone Group (BX): 'I think BX is just the quintessential wrong stock to own.' Fortress Group (FIG) Alvarion (ALVR): 'It's an Israeli wireless company. I really like it…. Let it pull back under $10.' NutriSystem (NTRI):' It's controversial, because there's a very big short position … There are some people who think that NTRI's stuff is not that tasty.' Sanofi-Aventis (SNY) CPI (CPY) Pre-Paid Legal Services (PPD)

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Labels: ASD, CALM, CCE, Dell, FCX, GD, HCBK, HLF, Jim Cramer, KFT, Lightning Round, LMT, NVS, PCU, PEP, RTN, TOL, USB, WFC

Doomsday Scenario: MDC Holdings (NYSE: MDC - News), DR Horton (NYSE: DHI - News), Pulte Homes (NYSE: PHM - News) and Toll Brothers (NYSE: TOL - News)
Cramer created a doomsday scenario which probably will not happen, since the bank crisis in 1990 was "ten times worse" than the problems of today. However, he would avoid any companies which deal with borrowing and lending money, particularly housing: DHI, PHM and TOL. The only housing stock that isn't hopeless now is MDC, but Cramer would still not buy. He would also avoid financials amid bearish fears that loans will not be repaid and yields will shrink; "You can't own anything that even walks by a mortgage," Cramer warned. He would not touch companies which need financing for deals. However, Cramer added; "the worst-case scenario will be derailed," and the doom and gloom will not really materialize
If Ben will Budge: Centex (NYSE: CTX - News), Lennar (NYSE: LEN - News), Bear Stearns (NYSE: BSC - News), Goldman Sachs (NYSE: GS - News), Citigroup (NYSE: C - News)
Cramer discussed two scenarios which could reverse doomsday: overseas buyers and an interest rate cut. He is confident that if the Federal Reserve reduces rates by only one percent, housing will make a comeback (especially DHI, PHM, CTX, LEN), financials GS and C will recover and the Dow will jump to 15.
Playing it Safe: Celgene (NasdaqGS: CELG - News), Kellogg (NYSE: K - News), Schlumberger (NYSE: SLB - News), Medco Health Solutions (NYSE: MHS - News), Kimberly-Clark (NYSE: KMB - News), Amazon.com (NasdaqGS: AMZN - News), Google (NasdaqGS: GOOG - News), Apple (Other OTC: APPL.PK - News) and Research in Motion (NasdaqGS: RIMM - News)
Even if the Fed doesn't budge rates, investors can still create a safe portfolio consisting of CELG, K, SLB, MHS and KMB. He also directed viewers to his six wild bull markets: oil and oil services, agriculture, machinery, aerospace, infrastructure and minerals, and his four horse men of tech: AMZN, GOOG, APPL and RIMM.
Mad Mail: Brookfield Asset Management (NYSE: BAM - News), Rite Aid (NYSE: RAD - News), ValueClick Inc. (VLCK)
Cramer urged a mailer not to sell BAM, because it is an international company, unaffected by subprime woes, and is similar to Warren Buffet's Berkshire Hathaway; "If you sold Warren Buffet because of a housing problem, forget it!" To a mailer concerned about RAD, Cramer said, "The integration is going very well. I'm holding your hand on RAD, and begging you not to sell it." Concerning VLCK's bad quarter, he commented, "I don't have my arms around it yet. To me, the stock looks like it's going to see $18, before you see a bottom."
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Labels: AMZN, BAM, BSC, C, CELG, CTX, DHI, GOOG, GS, Jim Cramer, K, KMB, LEN, MDC, MHS, PHM, RAD, RIMM, SLB, TOL

Bullish Calls:
ConocoPhillips (NYSE: COP - News): 'I would start with an oil. I recommended it last week. COP to go from $80 to $120 ... we buy that, particularly on any pullback.'Bolt Technology (AMEX: BTJ - News): 'This is a company that has a lot of machine parts that go into equipment that goes into oil rigs. This company has not kept pace ... I don't get it. Let me tell you something... I would buy it... 'LodgeNet Entertainment (NasdaqGM: LNET - News): 'This is a company that has a lot of machine parts that go into equipment that goes into oil rigs ... I don't get it. Let me tell you something... I would buy it... 'Millipore (NYSE: MIL - News): 'I like the filtration business ... It's a mini bull market, and MIL is in it.'Altria (NYSE: MO - News): 'This is one of the greatest, greatest value creators in history. They will split the company. I am telling you, in no uncertain terms, if it was not options expiration week, and the stock's being pinned at $70... this stock would be at $72-73, where it will be in the next few weeks. What I am saying is, pull the trigger... buy some MO.'Honeywell (NYSE: HON - News): 'HON is probably the most out-performed of any of the DOW stocks that I picked at the beginning of the year... I'm telling you to pull the trigger. Buy, buy, buy! Beautiful quarter! He ain't done.'
Bearish calls:
Knight Capital (NasdaqGS: NITE - News): 'I think NITE's a good outfit ... this brokerage industry - it is just not a place to go right now. I am giving it a 'don't buy, don't buy' to NITE. 'Toll Brothers (NYSE: TOL - News): 'The stock cannot be owned.'Lennar (NYSE: LEN - News)K.B Home (NYSE: KBH - News)
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Labels: BTJ, COP, HON, Jim Cramer, KBH, LEN, Lightning Round, LNET, Mad Money, MIL, MO, NITE, TOL

Yahoo (NASDAQ: YHOO - News), Google (NASDAQ: GOOG - News), Sun Microsystems (NASDAQ: SUNW - News), AT & T (NYSE: T - News), Verizon (NYSE: VZ - News), Apple (NASDAQ: AAPL - News), Norfolk Southern (NYSE: NSC - News), Union Pacific (NYSE: UNP - News), Lennar (NYSE: LEN - News), Centex Corp (NYSE: CTX - News), Toll Brothers (NYSE: TOL - News), DR Horton (NYSE: DHI - News) and Pulte (NYSE: PHM - News)
Cramer described the "glass half full mode" in tech as the shorts were looking at options expiration last week. "We were confounded by the work off of the options hangover which then positioned tech to be too low and ready for a trade -- just a trade, but a trade is worth grabbing." He added that the fact that Yahoo is up even though the company "doesn't have a clue" will give hedge funds the impression that it will go up whether Yahoo is good or bad and will encourage the shorts to change their position. Cramer also noted that Google was up on Yahoo, and that SUNW is also up, but he doesn't think that the company is doing anything interesting. What Cramer does find interesting is AT & T's strategy, outlined in its conference call, to take customers away from Verizon wireless by offering free service for a 18 months to Apple's iPhone users. Cramer says that NSC's drop is a "false tell" because the company periodically messes up and then ramps. He predicts that UNP will reach $110 to $115 from a recent $97. The "infrastructure crumble" for trucks make the rails "superior to almost any other trend I've got." Cramer calls CTX a "bunch of idiots" because they, along with LEN, TOL, DR Horton and PHM were too bullish at the top. "None of these companies distinguished themselves as good businessmen," he said. "None of them turned out to be cautious." However, he likes the fact that these companies are not building more homes, and prefers being long land inventory than home inventory because land is selling.
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Labels: AAPL, CTX, DHI, GOOG, Jim Cramer, LEN, NSC, PHM, SUNW, T, TOL, UNP, VZ, YHOO

Wall Street retreated Wednesday, pausing from its record-breaking run as a higher-than-expected producer price index reignited interest rate worries in the market.
In midmorning trading, the Dow Jones industrial average fell 16.42, or 0.13 percent, to 12,566.17, pulling back after three straight days of record closes. Broader stock indicators also slipped. The Standard & Poor's 500 index was down 1.40, or 0.10 percent, at 1,430.50, and the Nasdaq composite index fell 8.45, or 0.34 percent, to 2,489.33.
The Labor Department said the PPI, an indicator of inflation, rose by 0.9 percent in December -- slower than in November, but faster than the market expected. The report raised concerns that the Federal Reserve might have reason to resume its rate-hiking campaign to curb inflation.
Inflation worries have been calmed lately by plummeting energy prices, which should save Americans some money on their fuel costs. Crude oil prices are down 16 percent on the year. But Wednesday's Labor Department report showed that even the core producer price index, which strips out food and energy, rose a bit quicker than expected.
Also Wednesday, investors weighed another batch of earnings reports that showed strength in some sectors and weakness in others.
The market has been moving erratically lately, due to uncertainty about whether the economy's moderation will take a toll on corporate earnings this year, and whether U.S. consumers' spending power will be helped by a possible rate cut and falling energy prices.
Bond prices edged lower after the PPI data, as most Treasury market watchers don't anticipate any moves by the Fed until much later in the year. The yield on the benchmark 10-year Treasury note rose to 4.76 percent from 4.75 percent late Tuesday.
Crude oil on the New York Mercantile Exchange fell 14 cents to $51.07 a barrel, testing prices not seen since May 2005.
The dollar edged lower against other major currencies, while gold prices rose.
Homebuilders -- a sector that has been struggling in the tepid housing market of the past couple years -- got a boost after Lennar Corp.'s chief executive said the company would fare better in 2007 than it did in 2006.
Lennar slipped 43 cents to $49.72 due to a fourth-quarter loss, but KB Home rose 70 cents to $49.92, Toll Brothers Inc. rose 24 cents to $31.57, and Centex Corp. rose 69 cents to $52.30.
The technology sector looked less impressive, though, after chip maker Intel Corp.'s late Tuesday report that fourth-quarter profit plunged and forecast that 2007 profit margins would be weaker than analysts had expected.
Intel, the world's largest chip maker, dropped $1, or 4.4 percent, to $21.30.
Meanwhile, JPMorgan fell 24 cents to $48.15, despite reporting fourth-quarter profit that beat analysts' expectations. Mellon Financial also reported strong earnings and revenue, which boosted the stock 7 cents to $43.49.
Declining issues outnumbered advancers by about 4 to 3 on the New York Stock Exchange, where volume came to 133.1 million shares.
The Russell 2000 index of smaller companies was down 2.13, or 0.27 percent, at 789.35.
Overseas, Japan's Nikkei stock average rose 0.34 percent. In afternoon trading, Britain's FTSE 100 was down 31.70 percent, Germany's DAX index was down 28.84 percent, and France's CAC-40 was down 33.70 percent.
Published by Madlen Read, AP Business Writer

Labels: CTX, INTC, KBH, LEN, TOL

I Won't Call No Coppers: Toll Brothers (NYSE: TOL - News), Centex (NYSE: CTX - News), Southern Copper (NYSE: PCU - News), Google (NASDAQ: GOOG - News): Cramer says that anyone who is thinking of going long on copper is wasting their time, because "Copper's a fiasco here," Cramer said. "I don't want anything to do with copper." The main problem is that there is oversupply and little demand as copper inventories at TOL and CTX are piling up and Chile is increasing production. Since prices are being pressured, Cramer would sell PCU. Concerning casinos, Cramer says that the group is undervalued and he says to invest in companies building in Macau rather than the U.S. Cramer says that "data-point stock" Google will continue to drift until its next report.

Labels: CTX, GOOG, Jim Cramer, Jim Cramer's Stop Trading, PCU, TOL

Best Buy (NYSE: BBY - News), Nucor (NYSE: NUE - News), Costco (NASDAQ: COST - News), Wal-Mart (NYSE: WMT - News), Circuit City (NYSE: CC - News), Mastercard (NYSE: MA - News): Cramer called weak earnings reported by BBY and NUE "worrisome," but he did not feel that they were an indication of an overall economic decline, since he believes that the consumer is "on fire." He is not even concerned about Visa's comment on slower spending, and said, "There are lots of price wars going on" among retailers such as Costco and Wal-Mart. Cramer suggests paying attention to BBY rival Circuit City's report, since it fell on BBY's slow earnings, but even if Circuit City's results are sluggish, that just means that "may be time to own Mastercard instead."
Toll Brothers (NYSE: TOL - News): Cramer said that Robert Toll is "a terrific guy," but that the CEO was bullish at what turned out to be the top of his business and bearish on what seems to be the bottom, which indicates that housing will run longer.

Labels: BBY, CC, COST, Jim Cramer, Jim Cramer's Stop Trading, MA, NUE, TOL, WMT