Dynegy (DYN), Mirant (MIR), NRG (NRG), Foster Wheeler (FWLT): Cramer predicts DYN will go to $13 from $10 and comments CEO Bruce Williamson is "fabulous" and doesn't get enough credit. Although DYN has doubled, people are still not paying attention. He also likes FWLT as a great way to play nuclear and notes stocks like DYN and FWLT are no longer hostages to oil, which is declining while these names are on the rise. News that Mirant is for sale will bring up NRG, which is also doing well on a positive note from Jeffries, notes Cramer.
D.R. Horton (DHI) and Pulte (PHM): Cramer praised Ivy Zelman of Credit Suisse for her downgrade of DHI and PHM and called her report "eye opening." In brief, her research indicated DHI and PHM "could go much lower, and book value seems to mean nothing." Zelman predicts a 15%-20% decline for homebuilders who haven't sufficiently reduced their land holdings.
Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and Wall Street Confidential Picks.
Get Cramer's Picks by email -- it's free and takes only a few seconds to sign up.
Seeking Alpha is not affiliated with CNBC, Jim Cramer or TheStreet.com