Cramer's 'Mad Money' Recap: A Clear Cigna to Buy

Sell Block: Now's No Time for Tech

Cramer dedicated the show's entire "Sell Block" segment to reiterating one point: People need to sell most tech stocks.

"Don't be bamboozled by hopeful analysts," he said. Oracle (ORCL Quote) is not a buy, and even though Cramer said he likes Microsoft (MSFT Quote), it's no secret that its Vista system has been a bust.

Cramer recommended that investors also stay away from EMC (EMC Quote), which recently broke itself up, SanDisk (SNDK Quote), Seagate (STX Quote), Western Digital (WDC Quote) and Komag (KOMG Quote).

In addition, he said he doesn't expect IBM (IBM Quote) to go anywhere until it starts turning out some "breakthrough earnings releases."

Further, nobody should give a hoot about Micron's (MU Quote) recent upgrade, Cramer said.

And while people are at it, they should steer clear of Texas Instruments (TXN Quote), Intel (INTC Quote) and Advanced Micro Devices (AMD Quote), as well, he said.

There are pockets of strength, however, Cramer said. Tech stocks he likes are Garmin (GRMN Quote), Qualcomm (QCOM Quote), Cisco (CSCO Quote) and Hewlett-Packard (HPQ Quote), the last of which he owns for his charitable trust.

Cramer also said he likes eBay (EBAY Quote), Apple (AAPL Quote) and Yahoo! (YHOO Quote), another stock he owns for Action Alerts PLUS.

But he said he's taking IAC/InterActive (IACI Quote) off the buy list.

"This is the wrong time of year to own tech," Cramer said. "Wait for the middle of the summer to pull the trigger on tech."