Reported 1 day ago
In a recent broadcast, Jim Cramer criticized Toll Brothers, calling it 'toxic' amid a struggling housing market characterized by low new housing starts and poor mortgage performance. He highlighted a trend of rising inventories and price cuts among builders, indicating that the home building sector is currently unfavorable. Despite an optimistic view from certain real estate funds about Toll Brothers' management and cash-paying customers, Cramer suggests avoiding this stock until the Federal Reserve cuts interest rates.
Source: YAHOO