RealMoney Radio: A Turn for Tech

Apple (AAPL Quote - Cramer on AAPL - Stock Picks) and Electronic Arts (ERTS Quote - Cramer on ERTS - Stock Picks) are two companies that are within six months of having their fortunes turned, Jim Cramer told a caller on his "RealMoney" radio show Wednesday.

Even though Apple is up 21%, he advised the caller to stick with it.

These companies, which were supposed to challenge Microsoft's (MSFT Quote - Cramer on MSFT - Stock Picks) Vista product, no longer have that threat to worry about.

Since the Vista alternative is not here, and there is no confidence or clarity from Microsoft as to when it will be here, he believes that Apple could go from $68 to $75 and that Electronic Arts could go up as well.

Cramer also believes that the two companies will benefit from a great back-to-school season.

When a caller inquired about Saks (SKS Quote - Cramer on SKS - Stock Picks), Cramer advised swapping out of the retailer going into J.C. Penney (JCP Quote - Cramer on JCP - Stock Picks).

Cramer told another caller to sell Cendant (CD Quote - Cramer on CD - Stock Picks), even though it is down.

And though an analyst at Merrill Lynch recently downgraded Halliburton (HAL Quote - Cramer on HAL - Stock Picks), which Cramer owns for his charitable trust, Action Alerts PLUS, Cramer does not believe that the stock is finished going up.

The analyst downgraded the stock because he said that natural gas keeps going down, but the analyst turned out to be wrong, Cramer said.

In addition, Cramer said that Halliburton has a gigantic infrastructure business and he believes it is going from $34 to $39.

When a caller asked about GlaxoSmithKline (GSK Quote - Cramer on GSK - Stock Picks), Cramer said it is one of the best-run companies he follows.

He recommended taking advantage of GlaxoSmithKline's weakness and buying some of it, saying that the problems the company is facing are of a short-term nature.

Cramer told a caller that Chico's (CHS Quote - Cramer on CHS - Stock Picks), which is down 50% this year, is a surprise to him.

Two retailers Cramer said he likes are Sears (SHLD Quote - Cramer on SHLD - Stock Picks) and J.C. Penney, which are both buying back stock.

Cramer owns Sears for his charitable trust, Action Alerts PLUS.

Cramer admitted to a listener that he was wrong about Dow Chemical (DOW Quote - Cramer on DOW - Stock Picks), saying that it's been locked into the really expensive natural gas and so its raw costs have not come down.

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