This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cramer: Wait for Tech to Be Loved Again

Stocks in this article: MRVL NVDA AAPL TI INTC CSCO S

This post originally appeared on Jim Cramer's blog on RealMoney Dec. 9, 2009.

The tech market has gone from loving everything to hating everything, and it's obvious when Texas Instruments (TXN) and Xilinx (XLNX) say great things and no one cares. This on top of the muted reaction to Cisco's (CSCO) John Chambers' incredible bullishness about next year -- trust me, it was incredible and in keeping with his upbeat earnings conference call, so no slippage -- and the blah reaction to Nvidia's (NVDA) triumph over Intel (INTC). (Although we continue to see Advanced Micro Devices (AMD) run, because it, like its sister also-ran in telco, Sprint Nextel (S), it's a decent spec.

We saw this last week too with the dissing of the Altera (ALTR) good news and the only momentary lift to Marvell Technology's (MRVL) marvelous quarter. Part of my thesis about liking tech was that I saw some good pin action from the group off of Altera, but it has since gone astray.

I am not willing to throw in the towel on this group, as it is coming into the winter with a big head of steam driven by strong cell-phones, desktops and product cycles, like Windows 7. Plus, I think that the action with Apple (AAPL), once again, trying to raise its head, gives me hope that the group is so oversold that the leadership is about to reassert itself.

Nonetheless, I think that that if we do catch a negative data point, you are going to see a real downdraft in the group. So I would leave it like this: No need to buy any tech until we get that negative data point and then circle back to the winners, which will have their stocks dinged to levels well below where they reported such excellent news and gave such positive prognoses. I never like to have to "hope," but I do find myself hoping that Apple stays up, signaling that the leadership is back in action. I just don't like banking on it.

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is co-founder and chairman of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here. has a revenue-sharing relationship with under which it receives a portion of the revenue from purchases by customers directed there from

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,227.43 +158.56 0.93%
S&P 500 2,001.83 +29.09 1.47%
NASDAQ 4,620.6680 +72.8340 1.60%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs