Cramer Talks Chip Stocks

By Douglas A. McIntyre Published Feb 22, 1:29PM EST

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

Contact [email protected] for any questions or corrections.

Follow 24/7 Wall St. on Google

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.