Jim Cramer Blog

Olin (NYSE: OLN - News), PPG (NYSE: PPG - News), Applied Materials (NasdaqGS: AMAT - News), KLA-Tencor (NasdaqGS: KLAC - News), Novellus (NasdaqGS: NVLS - News), Motorola (NYSE: MOT - News): Buyouts in the chemical sector have caused prices to rise, and Cramer says it's time to sell OLN and PPG and buy tech stocks. He likes AMAT "up 3 in the blink of an eye," Tencor, which he sees rising another 5 points and NVLS, which made an "incredible" 11% rise despite its disappointing numbers. Even Motorola is coming back after reporting a terrible quarter. "Just take your wallet and just like throw it at the tech stocks!," Cramer said.

Labels: AMAT, Jim Cramer, Jim Cramer's Stop Trading, KLAC, MOT, NVLS, OLN, PPG