Cramer sticks with tech and is against oil

Posted Jan 12th 2007 4:34PM by Jon Ogg
Filed under: Analyst Reports, Google (GOOG), Hewlett-Packard (HPQ), Intel (INTC), Advanced Micro Dev (AMD), ConocoPhillips (COP)

On today's STOP TRADING segment on CNBC, Jim Cramer noted the weak guidance and the pricing pressure impacting Advanced Micro Devices, Inc. (NYSE:AMD). His very first note was that CIBC's research call against Allergan, Inc. (NYSE:AGN) today is wrong and says it's a winner.

Earlier this morning he noted this was good for Hewlett-Packard Company (NYSE:HPQ) and he said he expects that Intel Corp. (NASDAQ: INTC) will report a strong quarter next week, but may have caution on pricing one quarter out. He did note HPQ as the winner and he thinks it finishes close to $5 next week. On ConocoPhillips (NYSE:COP) Cramer said save your money. Walk away for now and then come back in later in the entire group.

Cramer is still positive on Google Inc. (NASDAQ:GOOG) again and he thinks that the $513 level is coming next week before it's off to the races. Cramer still likes tech including Microsoft Corporation (NASDAQ:MSFT) as that $30 resistance level was finally able to be overcome.

Jon Ogg is a partner in 24/7 Wall St., LLC; he does not own securities in the companies he covers.

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Reader Comments (Page 1 of 1)

1-13-2007 @ 5:39PM

Ralph said...

Regarding Oil and Energy stocks, I want to let you know about a free report I just published last night on the nice bounce we saw on Friday. It can be found at - http://blog.successfulonlinetrading.com/

Have a Great Weekend,
Ralph