Last week during Stop Trading! Cramer recommended buying a basket of chemical companies. Now it’s time to ring the register on chemicals and start buying tech again.
In particular, Cramer likes Applied Materials , which could “pick up three in the blink of an eye.” Novellus , KLA Tencor – even Motorola – are all going higher, even though there hasn’t been any especially good news to drive the stocks. If these stocks are up without any clear catalysts it shows that things are working again and it’s time to get back into the tech sector, Cramer said.
Coca-Cola could see $55 this week, Cramer said, and one way to play the strength of the beverage giant is by owning Crown Holdings which designs and manufactures the packaging for Coke products. CCK has “great momentum” going into earnings, Cramer said.
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