Cramer Stock Picks Rise In Strong Market

Strong earnings results helped lift the markets on Tuesday after yesterday’s bill selloff. The Dow Jones industrial average gained 82 points to close at 9,218. Several stocks also benefited from bullish comments by Jim Cramer on Monday’s Mad Money show. 

Toll Brothers (TOL: 19.01 +1.93%)

The housing builder gained 3.3% after positive comments by Jim Cramer. Toll Brothers CEO Bob Toll has been talking up his company’s performance lately, but Cramer believes him. The reason being that “no one was more negative than Bob Toll this time last year” which lends more credence to his recent bullish comments.    

Citigroup (C: 3.15 -2.17%)

The financial stock gained 3.5% on a strong sector performance. Cramer doesn’t expect Citigroup to pull back either. Mr. Cramer set a $6 price target for the bank on August 6^th and believes that a turn is coming. 

Urban Outfitters (URBN: 30.91 +0.26%)

Urban Outfitters jumped 3.3% today after Cramer said it was broken stock and not a broken company. The company reported strong quarterly results and has a clean balance sheet. Cramer believes this provides management with a lot of options to either buy back stock or make acquisitions. Cramer believes the stock is cheap and sees it going up 50%. 

BB&T (BBT: 27.13 -1.38%)

Jim Cramer stated that BB&T is still cheap and recommends that investors get in now. The bank stock rose 4.2% after recently being given a gift by the FDIC in being allowed to take over the assets of Colonial Bancorp (CNB: 0.00 N/A). The takeover will make BB&T the 8^th largest bank in the country. Cramer thinks the deal will boost the company’s EPS and has “enormous upside”.