Cramer on his video from TheStreet.com this morning titled “Forget the Fundamentals” actually noted that tech could rally a few days on the back of Texas Instruments (TXN) finally getting their bad news out of the way. But he still noted Cisco (CSCO) and Apple (AAPL) as the ones you want to own here with good long stories; he thinks the AAPL options inquiry from the SEC is a charade. This probably doesn’t change the call from last week when he said to dump Tech shares.
Cramer says homebuilders going up on bad news and the way the Goldman upgrade in the sector came out saying the risk-reward is not good for shorts and just shows you can still buy; Cramer disagrees with oil services downgrade out of Bear Stearns because the analyst is directly refuting SLB comments he likes GlobalSantaFe (GSF), Halliburton (HAL), Schlumberger (SLB), and Transocean (RIG); Cramer notes that all of these alternative energy plays that have gone up ahead of Bush’s State of the Union speech will have to be flipped out of between 9:30 and 9:40 tomorrow.
Jon C. Ogg
January 23, 2007