Cramer's 'Mad Money' Recap: Housing Comeback
NEW YORK (TheStreet) -- It's easy to focus on what's wrong with the markets, Jim Cramer told his "Mad Money" TV show viewers Thursday. So why not focus instead on what's going right, like housing? "Housing is coming back," noted Cramer, "and it's going to take a lot of sectors with it."
Cramer said the housing market may have bottomed out in 2007, but things are finally beginning to change as homebuilders like Toll Brothers (TOL) and Lennar (LEN) are up 31% and 40% for the year, respectively. So with home builders finally starting to build more homes, investors need to ask, what else comes with that?
While those may be the obvious plays, Cramer said there are plenty of other companies that benefit as well. Time Warner (TWX) will provide cable service to many new homes while Verizon (VZ) and AT&T (T) will provide phone service.
Cramer also touted retail, which does well when homes are increasing in value. He likes Bed Bath & Beyond (BBBY) , along with Home Depot (HD) and Costco (COST) , a stock which he owns for his charitable trust, Action Alerts PLUS.