On today’s STOP TRADING segment on CNBC, Jim Cramer noted the weak guidance and the pricing pressure impacting Advanced Micro Devices (AMD).

Earlier this morning he noted this was good for Hewlett-Packard (HPQ) and he said he expects that Intel (INTC) will report a strong quarter next week but may have caution on pricing one quarter out.

He did note HPQ as the winner and he thinks it finishes close to $5 next week.

ON ConocoPhillips (COP) Cramer said save your money.  Walk away for now and then come back in later in the entire group.

Cramer is still positive on Google (GOOG) again and he thinks that the $513 level is coming next week before it’s off to the races.  Cramer still likes tech including Microsfoft (MSFT) as that $30 resistance level was finally able to be overcome.

Jon C. Ogg
January 12, 2007