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Jim Cramer's Stop Trading: Buy Hewlett-Packard, Old Tech

NEW YORK (TheStreet) -- Investors who don't buy Hewlett-Packard (HPQ - Get Report) today are going to be kicking themselves on Monday, according to TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio.

On CNBC's "Cramer's Stop Trading" segment, he said that Intel's (INTC - Get Report) boost to second quarter revenue guidance on the back on increased PC demand bodes well for the enterprise PC business at Hewlett-Packard.

When combined with Hewlett-Packard's job slashes and cost-cutting, increased demand in PCs will lead to earnings leverage, he suggested. 

"HPQ is a winner," as business spending increases, Cramer said, concluding that old technology stocks that are not affiliated with optics will go higher and investors "should buy them."


-- Written by Bret Kenwell in Petoskey, Mich.

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At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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