Housing
Cramer Talks Homebuilders (BRK/A, HOV, PHM, USG, GE, GRP)
Published:
Last Updated:
On today’s STOP TRADING segment on CNBC, Jim Cramer addressed the homebuilders all being up based on the rumors that Warren Buffett’s Berkshire Hathaway (NYSE:BRK/A). Cramer said it would more likely be Pulte Homes (NYSE;PHM) because Hovnanian (NYSE:HOV) is more regional and he can go in bigger with Pulte. This shows that it is too hard to short in this market. Cramer said Buffett has always liked this group.Cramer also noted USG (NYSE:USG today). If this all sounds familiar there is a reason.
Cramer also noted that Grant Prideco (NYSE:GRP) is the one to step up to after the General Electric (NYSE:GE) hint that it might begin building rigs in its earnings conference call. Grant Prideco shares traded up more than 1% on this Cramer endorsement.
Jon C. Ogg
July 13, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
