Jim Cramer: The Playbook Says You Have to Sell the Homebuilder Stocks
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer discussed how the rising 10-year Treasury yield is wreaking havoc on the homebuilder stocks in a Thursday column on Real Money.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer discussed how the rising 10-year Treasury yield is wreaking havoc on the homebuilder stocks in a Thursday column on Real Money.
"Lennar (LEN) is doing very, very well and that has acted incredibly badly and is down a huge amount," Cramer said, in a video from the floor of the New York Stock Exchange. "If you do believe that there is a level where interest rates are going to stabilize, you're going to see this group go up and Lennar is the one."
For exclusive investing insight from Jim Cramer, get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.
