Jim Cramer's Stop Trading! Buy Dell

You have to believe in Michael Dell's turnaround at Dell (DELL - commentary - Cramer's Take), Jim Cramer said Friday on CNBC's "Stop Trading!" segment.

Cramer said he expects the PC seller, up Friday off a solid quarter and plans for 8,000 firings, to have three more good quarters.

Cramer also likes Nokia (NOK - commentary - Cramer's Take), which he called "the Tim Duncan of the group." He says the handset company has "momentum" and when it has that, "you give Nokia the ball."

Cramer likes EMC (EMC - commentary - Cramer's Take) off its plan to break itself up and says he believes it will hit $20, up from a recent $16.89.

Cramer likes Sears (SHLD - commentary - Cramer's Take), where hedge fund hard-hitter Edward Lampert is quietly buying back stock. "This is a big tell," Cramer said. "He's a buyer again. When he buys, the stock goes higher."

---

At the time of publication, Cramer was long Sears.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.