Mad Money / Jim Cramer Daily Recap 8/26/08
August 26th, 2008 / 10:20 pm / by OnlineTradersForum.com
Please do your own research, and verify all information before acting on it. This summary of Cramer’s picks is not intended to replace watching the shows, where his comments about the stocks often include advice about entry and exit points.
Jim Cramer told viewers of his “Mad Money” TV show on Tuesday that he believes the housing market will bottom in the third quarter of 2009. Cramer reached this conclusion from an analysis of the charts of the seven largest home builders: Toll Brothers (TOL), Centex (CTX), D.R. Horton (DHI), Pulte Homes (PHM), Lennar (LEN), MDC Holdings (MDC) and KB Homes (KBH).
Bullish
AT&T (T) (Lightning Round)
Cal-Maine Foods (CALM) (Lightning Round)
Freeport-McMoRan (FCX) (Lightning Round)
Halliburton (HAL) (mentioned on Stop Trading!)
Johnson & Johnson (JNJ) (featured on Mad Money)
Lowes (LOW) (featured on Mad Money)
Monro Muffler (MNRO) (CEO interview on Mad Money)
Nabors Industries (NBR) (mentioned on Stop Trading!)
Bearish
BankUnited Financial (BKUNA) (mentioned on Stop Trading!)
Corus Bankshares (CORS) (mentioned on Stop Trading!)
Downey Financial (DSL) (mentioned on Stop Trading!)
Ford Motor (F) (Lightning Round)
Home Depot (HD) (featured on Mad Money)
Lumber Liquidators (LL) (Lightning Round)
Pfizer (PFE) (featured on Mad Money)
United States Steel (X) (Lightning Round)