Jim Cramer: Buy Lennar, Sprint, and Bery Plastics, But Sell These 2 Stocks
Lennar (NYSE:LEN): Cramer ranked Lennar a Buy. Trading at just over $36, the company has rebounded this month from a decline that was most prevalent during the early months of this summer. Cramer sat down with Stuart Miller, the CEO of Lennar, who said that the main driver in demand within the housing industry in the short term was the need to make up for lost production during the economic downturn of recent years. With low interest rates set to fuel additional growth in the industry, Miller said that Lennar’s long-term prospects were strong as well.