Jim Cramer breaks down the companies he's seeing opportunity in following the release of disappointing February housing data.
CNBC's Jim Cramer on Tuesday said investors should not panic about February's"truly pathetic" housing starts number because the market is primed to bounce back.
Cramer predicted home building will be stronger in March. The Federal Reserve's rate hike in December, despite Cramer's objections, made home prices and mortgages more affordable, and raw materials costs have fallen faster than housing prices, he said. The decrease on 10-year Treasury yields is also a"godsend for the industry," he added.
Lyft will list on the Nasdaq Friday. AirBNB and Uber plan to go public this year, and Slack, Palantir, and WeWork could join the fray as well. The S&P is in good shape, according to Boroden, but her Fibonacci methodology indicates there cuold be some rollover, he said. "After spending months as Fortnite's punching bag, Electronic Arts has jumped on the battle royale bandwagon with Apex Legends and this one hugely popular game has turned the whole story around," Cramer said."That's why the stock caught fire. That's why the stock has more room to run."Five9, a cloud software provider for contact centers, is changing the way that call centers work for businesses, CEO Rowan Trollope told Cramer.
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