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. Follow @BretKenwell Why Priceline's $2.6 Billion Buy of OpenTable May Be a Bargain Sycamore Partners Plans Bid for Express Parents, Educators, Politicians Share Blame for College Grads’ Woes Intel Surges: What Wall Street's Saying