Cramer's Stop Trading! Commercial Real Estate Is Rescued (9/16/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday September 16.

Annaly Capital (NLY), Capstead Mortgage (CMO), iShares Dow Jones U.S Real Estate (IYR), PPG Industries (PPG)

A new law will provide an escape route for those stuck in "unbelievably difficult to undo" real estate deals. As a result, foreclosures may be reduced and commercial real estate could be saved from declines. While many investors are buying Annaly Capital and Capstead Mortgage on the news, Cramer prefers IYR, in spite of the fact it is heavily shorted.

Cramer also discussed the increase in demand for materials by manufacturers and likes PPG Industries.

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Comments

[CromwellCTDude:]

BOOYAH for CRE!

That was easy.

Sep 17 09:05 AM

[Benny D.:]

Buy C&S Closed end funds !!!!!

Sep 17 01:02 PM

[GMoney$$:]

I'll believe it when I see it.

Sep 17 02:48 PM

[GMoney$$:]

I'll believe it when I see it.

Sep 17 02:49 PM

[The Recusant:]

Although Mr. Cramer is really a smart trader and a wonderful TV personality, I doubt that he can foretell the future even two weeks away. Like most traders, he is stuck in thinking that everything revolves around the stock market. In the beginning of 2008 he speculated that the Dow would hit 14000 by the end of the year. Ooops.

Sep 17 09:35 PM

[Kinabalu:]

"While many investors are buying Annaly Capital and Capstead Mortgage on the news, Cramer prefers IYR, in spite of the fact it is heavily shorted."

Any investors buying Annaly or Capstead on this news are sadly misinformed as both of those companies invest only in securities already guaranteed by Government Sponsored Entities and would get no additional benefit from foreclosure reduction.

Sep 18 12:09 AM