shares are up fractionally. >>> kbw is upgrading d.r. horton. shares of d.r. horton up 3.5%.rica upgrades broadcom citing both is semiconductor and offering. shares of broadcom basically flat in the premarket. >>> we begin with the uk economy shrinking as lower manufacturing output, construction activity, and slowing wage growth, they all contribute to the weak figure, attention turning squarely to the bank of england tomorrow and plans to bring interest rates down from their 15-year high. >>> in argentina, new government leadership addressing the worst economic crisis in decades including devaluation and spending cuts. the country's economy minister says the peso will be weakened to around 800 per 67 of u.s. collar. public work tenders will be halted. >>> and shares of zara owner sales, the group slower than analysts expected. the company says sales grew by 6.6%, less than the double digit growths. despite this, the retail says brands are seeing growth in-stores and online. >>> coming up on "worldwide exchange," we have the one word every investor needs to know and why our n

i think d.r. horton is something to look at. it's a good way to capture that. >> all right, d.r. eve, bring us home. >> you here tomorrow? >> i'm here tomorrow. >> i'm here tomorrow, too. crispr. if you don't know the company, look it up. >> all right, everything is anyofo when it's crisper. thk u r watching "fast money." i've had >>> there is always work in summer. i will help you find it. men money starts now. >> hey, i am cramer. welcome to mad money and welcome to matt cramer. three me at jim cramer. i'm here to talk about stocks every night. he will make some mistakes in a

. >> all right, d.r. horton. and steve, bring us home. >> you here tomorrow? >> i'm here tomorrow. >> i'm here tomorrow, too. crispr. if you don't know the company, look it up. >> all right, everything is anyofo when it's crisper. thk u r watching "fast money." i've had >>> there is always work in summer. i will help you find it. men money starts now. >> hey, i am cramer. welcome to mad money and welcome to matt cramer. three me at jim cramer. i'm here to talk about stocks every night. he will make some mistakes in a highly visible and highly public way. and by you, i mean me. i like to hold a day of atonement to help me learn from my worst mistakes. tonight i will demonstrate how we can all improve by examining a number of calls we have made on mad money and it's letting why they occurred and what went wrong and what you can do to learn from me and do better. what are the biggest errors that i see get made and how i will vow to try not to make them as different ones pop up to haunt me. most things i do are not rookie mistakes. that i suggest a quick trade tha

what about d.r. horton? these stocks have been trading around all-time highs, the builders have.it too late to get now all bulled up on builders? >> i don't use valuation as a guide to where stocks are going. they obviously are cheap stocks but we in residential real estate are in a transactional recession. transactions are not happening. >> the stock is up 57% year to date. >> and that speaks towards the incredibly low inventory that we have in this country of homes for new homes. they've managed their balance sheets phenomenally and as the transactional recession begins to unlock itself, as we begin to see mortgage rates fall and people move from off the sidelines, these companies will benefit. i this think there's further upside. >> you come into the year, the housing market is completely frozen. obviously anything housing related is not going to do well when it comes to builders and you're up 50 something percent. >> it's consistent with what's happening with rates, though, with them coming down. that's what the proxy is. ten times relatively cheap to the market. they're chea

these new homes and we could see a run-up in new home sales sooner than existing home sales because d.r. horton and lennar are offering new home sales. they are both up 65-70% this year. even toll brothers are up 100% and multigroup over 100% trading new records. paul: i don't know about the other folks and baby boomer groups. i sold all of my homes plural over the past few years. i did my part. even in my neighborhood today, if something goes on the market it is snatched up immediately. assuming it is reasonably priced. there are homes that have been on the market over a year and you are like, what are you thinking? if you price it reasonably for this market it will move but again, if you need a mortgage to get into your next home. there's not as much incentive. simone: i've been looking through the data and there is a distinct variation. when you look at a regional level. for example, the south, the index level that they are citing is a lot higher at 80 when you look at the west and you see it at a level of 54. as an indicator of the pending home sales and number of contracts being signed. wh