Cramer Remix: Don't panic over the housing start number; Instead, use it to buy into these stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Jim Cramer breaks down the companies he's seeing opportunity in following the release of disappointing February housing data.

CNBC's Jim Cramer on Tuesday said investors should not panic about February's"truly pathetic" housing starts number because the market is primed to bounce back.

Cramer predicted home building will be stronger in March. The Federal Reserve's rate hike in December, despite Cramer's objections, made home prices and mortgages more affordable, and raw materials costs have fallen faster than housing prices, he said. The decrease on 10-year Treasury yields is also a"godsend for the industry," he added.

Lyft will list on the Nasdaq Friday. AirBNB and Uber plan to go public this year, and Slack, Palantir, and WeWork could join the fray as well. The S&P is in good shape, according to Boroden, but her Fibonacci methodology indicates there cuold be some rollover, he said. "After spending months as Fortnite's punching bag, Electronic Arts has jumped on the battle royale bandwagon with Apex Legends and this one hugely popular game has turned the whole story around," Cramer said."That's why the stock caught fire. That's why the stock has more room to run."Five9, a cloud software provider for contact centers, is changing the way that call centers work for businesses, CEO Rowan Trollope told Cramer.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MadMoneyOnCNBC It’s not just the housing starts....it’s the leadership and the housing starts are not good....

MadMoneyOnCNBC Primed for some MedicineManTech with laws becoming lax for publicly traded CO mj companies.

MadMoneyOnCNBC Generally when someone emphatically tells you “Don’t Panic!”...It’s time to panic! As in...Don’t panic...But there is a bear 🐻 behind you!

MadMoneyOnCNBC Jim pls help us get to the truth of the Salesforce/Backpage charges of facilitating advertising of human trafficking

MadMoneyOnCNBC Been listening to this 'pent-up demand' story for too long. Millennial affordability and pricing is disconnected. Market is not in a place to need as much inventory of overpriced housing as it is believed.

MadMoneyOnCNBC This coming from a guy that saw the huge market crash coming and didn’t warn people back then! He just kept pushing crap and pretending things were fine! What a jerk!

MadMoneyOnCNBC

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer Remix: Forget the stocks caught in the trade war crossfireJim Cramer reveals why Nike is an ideal investment that can do well with or without a trade deal. What ? They are the stocks with the most risk , and the greatest return.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer: Investors need a new playbook now that the Fed ended rate hikes this yearJim Cramer gives his playbook and stock picks for a low-growth economy now that the Federal Reserve won't raise intrest rates this year. Hahah thanks captain
Source: CNBC - 🏆 12. / 72 Read more »

Olive Garden-parent Darden isn't screaming a recession is coming, Jim Cramer saysJim Cramer explains why Chicken Alfredo sales at Olive Garden could help investors gauge the health of the U.S. economy. They wouldn't ever let us know until the Recession cat is already out of the bag Surprise that Cramer is perpetuating bullish rhetoric.
Source: CNBC - 🏆 12. / 72 Read more »