Jim Cramer Recommends Buying These 5 Stocks as Commodity Prices Decline

Page 1 of 5

In this article, we discuss the 5 stocks that Jim Cramer recommends buying as commodity prices decline. If you want to read about some more stocks that Jim Cramer recommends buying, go directly to Jim Cramer Recommends Buying These 10 Stocks as Commodity Prices Decline.

5. Lennar Corporation (NYSE:LEN)

Number of Hedge Fund Holders: 50     

Lennar Corporation (NYSE:LEN) is a Florida-based firm in the homebuilding business. Jim Cramer recently placed the firm among a basket of equities that he would recommend buying as the prices of commodities started to come down. Cramer gave the example of the housing market to drive his point home, noting that higher mortgage rates had led to the annihilation of housing stocks but now, as the market was sobering up, investors could get away with buying homebuilding stocks as long as housing prices did not start skyrocketing again. 

On June 22, UBS analyst John Lovallo maintained a Buy rating on Lennar Corporation (NYSE:LEN) stock and lowered the price target to $106 from $108, backing the firm to continue with solid execution in the coming months. 

At the end of the first quarter of 2022, 50 hedge funds in the database of Insider Monkey held stakes worth $1.7 billion in Lennar Corporation (NYSE:LEN), compared to 52 the preceding quarter worth $2.1 billion.

Page 1 of 5