Jim Cramer: Homebuilders Are Playing Catch-Up

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On  CNBC’s Mad Dash on November 10, Jim Cramer discussed housing and GoPro (GPRO)

Toll Brothers (TOL) did a positive pre-release indicating that housing numbers were good. PulteGroup (PHM) was upgraded. Cramer would buy D.H Horton (DHI) before its earnings. While he thinks TOL is the cheapest in the housing space, DHI has yet to see a rise in its stock price. Cramer thinks housing is the “catch-up sector” and mortgage applications are strong.

Cramer would buy GoPro (GPRO) on news of its secondary offering. The stock has attracted a lot of short sellers, and it could see a short squeeze. The company’s stock has risen a lot, but Cramer thinks it can go higher because of the popularity of its product in the run-up to the holiday season.

 

 

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