Cramer's Stop Trading! For Whom Does Bob Toll? (8/17/09)

Stocks discussed on Cramer's Stop Trading! TV Segment, Monday August 17.

Toll Brothers (TOLL), Citigroup (C)

While news from the housing sector has been bleak and reports of foreclosures abound, Toll Brothers CEO Bob Toll said his company is performing well and he has seen "more traffic than in the last few years." Cramer was amazed at the news of rising demand in Florida, a market he thought was "dead, dead, dead."

Cramer doesn't think this is just a case of a CEO talking up his company, since "no one was more negative than Bob Toll this time last year." Cramer thinks the gloomy macro picture should be balanced by Toll's bullish remarks.

Citigroup is not pulling back because "it's working;" Cramer set a $6 price target for the bank and said a turn is coming.

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Comments

[a Buongiorn...:]

I am on the Bull's side. Charge! That's the key to profits, providing the dips become the ups as they eventually do. Just keep eyes focused on futures, watch the huge dips on the Blue Chips, volitility is a mark of a good bull who recognizes his chance to advance.

Aug 18 09:24 AM