Cramer pans housing and goes for weak dollar trade

Posted Apr 10th 2007 3:36PM by Jon Ogg
Filed under: Analyst Reports, Coca-Cola (KO), MasterCard Inc'A' (MA), Fortune Brands (FO), Lowe's Cos (LOW)

On today's STOP TRADING! on CNBC, Cramer said that American Standard Companies, Inc. (NYSE: ASD) is a stealth housing play where it is splitting itself up at the bottom. Cramer thinks this one is good, but he wants to avoid the other housing stocks and other homebuilders. This is one that will benefit from remodeling as it is big into bathrooms. Cramer thinks American Standard sells very well at Lowe's Companies. Inc. (NYSE: LOW) and LOW hasn't gone back to recent stock lows. He thinks this home weakness is still weighing on Fortune Brands, Inc. (NYSE: FO).

If the weak dollar persists, Cramer said the best play for this is The Coca-Cola Company (NYSE: KO). He thinks the numbers ahead will drive the stock up to $55 or even potentially $60.

Cramer also noted that MasterCard Inc. (NYSE: MA) is signaling that its problems are behind it. He thinks it is cheap and it is one of his favorite names right now.

Tags: ASD, FO, KO, LOW, MA