On TheStreet.com’s "Wall Street Confidential," Cramer noted several things. 

Cramer thinks that SAP (SAP) and AMD (AMD) are both challenged.  He thinks the AMD price war has been known and it may hurt Intel’s (INTC) next quarter, but he expects a strong quarter report next week from them.  Cramer thinks that SAP has issues, but he thinks this can take Oracle (ORCL) down further and he wants to avoid that space right now.

Jim also reminded us that next week is options expiration week, and he still sees the bears having more problems.  Cramer likes Apple (AAPL), but says you could wait for that to step back $2 or $3 before stepping in because of the run off a product that is still 2 quarters out.

He notes several more picks on his video if you would like to take a look.

Jon C. Ogg
January 12, 2007