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.
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)
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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