Cramer's Review Of The Mortgage Madness Index
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Date updated:01-17-2008

Cramer revisited his "Mortgage Madness Index," an index of financial and homebuilding stocks that he created on Aug. 3. The index has been more than cut in half since then, but Cramer now feels "the bottom is in" for some of the most hated names on the list.

symbol name last price % change open
  • +
  • CFC
    Cfc
  • $0.00
  • N/A
  • $N/A

Cramer said he likes all the chatter about a possible acquisition of Countrywide by Bank of America (BAC). He hopes investors picked up some of the preferred shares of Countrywide on his earlier recommendations.

People owning CFC also tend to own: ABKBBDDEFCXFREFWLTHES

TheStreet.com Rating: C What is this?

  • +
  • WM
    Washington Mutual
  • $3.53
  • -1.67%
  • $3.62

Washington Mutual (WM). Cramer feels the company could be a takeover target and is now turning positive on WaMu.

People owning WM also tend to own: BACBBTCCMAFITBJPMKEY

TheStreet.com Rating: D What is this?

  • +
  • C
    Citigroup Inc
  • $18.12
  • +1.57%
  • $18.01

As for Citigroup (C), Cramer says it will make a lot of money if the Federal Reserve continues to cut rates. Citigroup is a stock that he owns for his Action Alerts PLUS portfolio.

People owning C also tend to own: AIGBACPWRDISFWLTGSHAL

TheStreet.com Rating: C- What is this?

  • +
  • BSC
    Elements Bg Sm Cp
  • $9.89
  • 0.00%
  • $9.89

Cramer is also warming up to Bear Stearns (BSC), but still prefers Merrill Lynch (MER).

People owning BSC also tend to own: AAPLDEERTSGROWLFCPBRARNA

TheStreet.com Rating: D+ What is this?

  • +
  • MER
    Ml Co Cmn Stk
  • $25.27
  • +4.85%
  • $24.10

Cramer is also warming up to Bear Stearns (BSC), but still prefers Merrill Lynch (MER).

People owning MER also tend to own: AMGNANFBBBBCWCOELOSHARIIF

TheStreet.com Rating: D+ What is this?

  • +
  • KBH
    Kb Home
  • $19.35
  • +10.01%
  • $17.51

In the homebuilding space, Cramer now likes KB Homes (KBH) and Centex Homes (CTX), but feels Beazer (BZH) is "still too troubled."

People owning KBH also tend to own: AETBZHCGIFBPHOVLUKMDC

TheStreet.com Rating: D What is this?

  • +
  • CTX
    Centex Cp
  • $14.96
  • +4.76%
  • $14.33

In the homebuilding space, Cramer now likes KB Homes (KBH) and Centex Homes (CTX), but feels Beazer (BZH) is "still too troubled."

People owning CTX also tend to own: CFCGFIIIGIOMOLXXJTCSG

TheStreet.com Rating: D What is this?

  • +
  • BZH
    Beazer Homes Usa
  • $6.54
  • +7.74%
  • $6.04

In the homebuilding space, Cramer now likes KB Homes (KBH) and Centex Homes (CTX), but feels Beazer (BZH) is "still too troubled."

People owning BZH also tend to own: GSFMCFSWNVLOWHTAETCGI

TheStreet.com Rating: D What is this?

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