GO
Loading...

Stop Trading!

Friday, 22 Jun 2007 | 11:30 AM ET

Intel breaking out last week boosted the tech sector. An upgrade of Advanced Micro Devices helped today. PHLX Semiconductors is climbing. That spills over to KLA Tencor and Applied Materials. Ciena is up on a great talk by Verizon’s Ivan Seidenberg yesterday at the NXTcomm telecommunications industry trade show in Chicago.

“Tech is just roaring today,” Cramer said on Stop Trading!.

“There is a remarkable resurgence of IBM,” Cramer said. “They’ve been buying back stock hand over first, and that’s working.”

Stop Trading!
Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett

Despite a hard rule that tech should not be bought before August, Cramer said there are some good short-term trades in the market right now.

He expects another $7 from NVIDIA: “Graphics chips are hot…this one can go higher.”

Intel should hit $27, and SanDisk should make it to $50, he said. EMC, he believes, is headed to $20.

And with YouTube growing 7% a week, investors might want to buy some Level 3 Communications as a play on the bandwidth shortage Cramer said we have.

“This group has got legs,” Cramer said. “We should focus on it.”

Questions? Comments? madcap@cnbc.com

  Price   Change %Change
EMC
---
INTC
---
LVLT
---
NVDA
---
SNDK
---
IBM
---
AMD
---
AMAT
---
VZ
---
CIEN
---
KLAC
---

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.