On today’s Wall Street Confidential video on TheStreet.com, Jim Cramer said this was a big chip day and he said here is how to play it: Chips can be played on inventories and when inventories are low you can buy and when they are high you don’t want to be in. The next quarter may be good but not the rest of the year. Texas Instruments (TXN) is the best analog name after Analog Devices (ADI). He did say that he sold some Marvell (MRVL) yesterday and this big bump up in chip stocks was catching fund managers by surprise who were just betting on another nad earnings. Even Seagate (STX) is moving up on this. Cramer said he wasn’t sure about Taiwan Semi (TSM) doing better.
Conjecture: This sounded a lot like a hedging of the "Chips and tech stock are dead" depending on how you evaluate Cramer.
on the Whole Foods & Wild Oats (WFMI/OATS) merger, Cramer said that this probably solved the next two quarters at Whole Foods because it gives them pricing power. If their quarters are set ahead you have to be in it even up $5.00. He goes over other restaurant and other merger names as well, but you can go listen to the merger picks on that.
Jon C. Ogg
February 22, 2007
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