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Eyeing Intel Ahead of the Close

Intel, the bellwether chipmaker, reports its earnings this afternoon, and Cramer is very bullish on the stock. Intel is in the middle of a “very powerful, long-term cycle,” and any dip in the share price is just an opportunity to buy.

“I believe the cycle is so powerful,” Cramer said during Tuesday's Stop Trading!, “that you can’t let it be dictated by a quarter.”

Not that the Street is anticipating disappointing numbers from Intel . As CNBC’s Jim Goldman pointed out, investors are expecting good news because of the strength of that cycle. He cited an increase in server and enterprise spending, strong PC sales thanks to Microsoft Windows7, soaring Apple Mac sales, too, and continued demand for netbooks and mobile devices, among other drivers. Click here for Goldman’s full report.

In other news, UBS downgraded a number of regional banks to “sell.” Cramer said the resultant pullback in Huntington Bancshares , specifically, was a “great opportunity.”

In housing, Bank of America Merrill Lynch upgraded Fortune Brands , despite the constant talk of how bad this sector is right now. Cramer doubted that FO and Masco would be at their 52-week highs if that were the case, and said their success was proof that “the housing business is turning.”

Lastly, Cramer applauded NYSE Euronext CEO Duncan Niederauer for turning around the company and for buying 17,000 NYX shares on the open market. It was a “fantastic” move, Cramer said, and “I love the way the quarter’s shaping up.”

Cramer's charitable trust owns Apple and Intel.

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