On CNBC’s Mad Dash on November 10, Jim Cramer discussed housing and GoPro (GPRO)
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.
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.