RealMoney Radio Recap: A Reason to Buy

If you were worried about PCs after Dell (DELL Quote) reported, Hewlett-Packard (HPQ Quote) should pick up your spirits, Jim Cramer said on his "RealMoney" radio show Thursday.

One of the catalysts for the Nasdaq's up performance today was the great quarter from Hewlett-Packard, he said. Its quarter showed that the problems with PCs are with Dell, not computers in general, Cramer said.

"Hewlett-Packard beat their own forecast and analysts' expectations, plus they offered a rosy outlook," he said.

But instead of enjoying the party, the media immediately focused on whether H-P would be able to sustain this kind of growth in a classic way to keep you out of a great stock, Cramer said.

The media can't stop making people feel wary about a win, he said. Although it is possible that "things may go south for Hewlett-Packard," Cramer said he's betting it will keep doing well.

Meanwhile, "Dell is imploding," he said. "Let's forget about it and buy some Hewlett-Packard."

Another sector that's taken a beating from the media is housing.