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Recap of Jim Cramer’s comments on Stop Trading! Wednesday March 14. Click on a stock ticker for more analysis:

New Century (NEWC) and the Dirty Dozen: Cramer listed 12 subprime stocks bears are targeting after the fall of New Century. While not all of these names deserve to be hounded, Cramer believes investors should be careful before buying or selling:

    1. IndyMac (NDE)
    2. CharterMac (CHC)
    3. Friedman Billings (FBR)
    4. Fremont General (FMT)
    5. Redwood Trust (RWT)
    6. Newcastle Investment (NCT)
    7. American Home Mortgage (AHM)
    8. Gramercy (GKK)
    9. RAIT (RAS)
    10. Accredited (LEND)
    11. Thornburg Mortgage (TMA)
    12. CapitalSource (CSE)

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This article has 2 comments:

  •  
    Cramer does not make sense.

    CSE provides various financial products to small and medium-sized businesses in the Health Care Industry.

    TMA is a prime jumbo lender
    2007 Mar 15 12:17 PM | Link | Reply
  •  
    I think Cramer is saying that the twelve stocks are "guilty by association" even if that association is tenuous. They seem to be lumped in together with the problem companies.
    2007 Mar 15 01:42 PM | Link | Reply