Jabil Circuit and Paccar Get Boost From Cramer Effect

Jabil Circuit (JBL: 23.97 0.00%) gained 4.2% today after Jim Cramer commented on Friday’s Mad Money show that investors should buy more shares of JBL. Cramer said, “I think I like it because I like tech. I’m going to recommend that stock and I think you should buy more of it.” 

The other big beneficiary of the “Cramer Effect” today was Paccar (PCAR: 43.79 0.00%). The stock jumped 4.0% after Cramer suggested that the stock was about to roar from $31 to $40. Cramer believes that the sector will improve and helikes Paccar in particular because of its high cash balances (over $2 billion) and the fact that the company has consistently raised its dividend. 

Meanwhile, homebuilders Lennar (LEN: 23.37 0.00%) and KBH Homes (KBH: 10.92 0.00%) posted strong gains today despite bearish comments by Jim Cramer as he advised investors to avoid the stocks. Lennar finished the day up 5.8%, while KBH gained 5.1%. Cramer expressed fears that the homebuilders will encounter stiff competition as the number of foreclosures rises across the country. 

MGM Mirage (MGM: 14.27 0.00%) and Rambus (RMBS: 8.24 0.00%) both experienced the negative side of the Cramer Effect today. MGM fell 1.9% after Cramer advised investors to “sell, sell, sell”. While Rambus dropped 1.6% when Cramer recommended selling Rambus in order to buy AMD. Incidentally, AMD gained 2.8% on the buy recommendation.