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
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
