Jim Cramer Discusses These 12 Stocks & Says Late Selloffs Are Deliberate

3. Toll Brothers, Inc. (NYSE:TOL)

Number of Hedge Fund Holders In Q4 2024: 64

Toll Brothers, Inc. (NYSE:TOL) is one of the largest home-building companies in America. Due to the impact of high interest rates on the construction market, the firm’s shares have remained lackluster and have been flat over the past twelve months. Since late November, Toll Brothers, Inc. (NYSE:TOL)’s shares have bled 33% as they have been weighed down by disappointing earnings and rising costs. In his previous remarks, Cramer has praised the firm’s CEO.  Here are his latest comments for Toll Brothers, Inc. (NYSE:TOL):

“I’m looking for a sign of what could stop this selloff in homes. Watch Toll. Two firms cut the price target. People are saying it’s really, really weak. Uh, price target finally well below that we got today from Barclays. This is the stock if it can hold the line, then you know that things are finally bottoming and that the ten year is telling the truth. That’s the one to watch. Because they have the most clarity. They have the most transparency. And if that holds, then the selloff’s over.”

“Well if you remember that Doug Yearley said at the last week was, when he announced his quarter, and I said on air, that oh we’re gonna get that granular and Doug shot me an email, like come on Jim, you know we’re trying to give everybody as much information. It’s entirely possible, that we could have things better because the average price of a Toll Brothers house is going from million dollars and nine hundred and twenty thousand. Now I know, nine hundred and twenty thousand is well beyond 95% of the country. But the fact is, it’s dropped.”