Jim Cramer's Wall Street Confidential July 17th
Novellus Systems (NasdaqGS: NVLS - News), Motorola (NYSE: MOT - News), Intel (NasdaqGS: INTC - News), EMC (NYSE: EMC - News), Microsoft (NasdaqGS: MSFT - News)
Cramer would buy Novellus, which guided down its earnings, revenues and orders and still rose 10%. The stock is even up after missing its estimates, which demonstrates the health of the tech sector, according to Cramer. Similarly, Motorola is back up after reporting a disastrous quarter. He predicted Intel will reach $30 and investors will be safe to buy half their positions now "because you're immunized. I expect it will be contained either at the $25 strike or the $27.50 strike." Other great tech names are EMC, which is a buy at $19 ahead of VMware's IPO, MSFT, whose performance is sluggish but will still see $32. "This group is like oil was a year ago," Cramer said. "You just can't stop buying it."
Cramer would buy Novellus, which guided down its earnings, revenues and orders and still rose 10%. The stock is even up after missing its estimates, which demonstrates the health of the tech sector, according to Cramer. Similarly, Motorola is back up after reporting a disastrous quarter. He predicted Intel will reach $30 and investors will be safe to buy half their positions now "because you're immunized. I expect it will be contained either at the $25 strike or the $27.50 strike." Other great tech names are EMC, which is a buy at $19 ahead of VMware's IPO, MSFT, whose performance is sluggish but will still see $32. "This group is like oil was a year ago," Cramer said. "You just can't stop buying it."
Labels: EMC, INTC, Jim Cramer, MOT, MSFT, NVLS, Wall Street Confidential
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