This column was originally published on RealMoney on March 23 at 9:29 a.m. EDT. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
The cell-phone weakness, which Thursday spread to all the component makers --
in particular -- has hit another low this morning with
the give-up of
. Some might regard this as a victory for some piece of cell-phone real estate and blame David Peterschmidt for the problems there. I just think it is another sign of a saturation or slowdown on the Web that is taking down
and conceivably could take down
More important, perhaps, is the notion that when
reinvents the cell phone, it will be in charge of a lot of the cell-phone real estate. I think that will be another nail in Mot's coffin and a further blow against Nokia.
This industry is undergoing rapid and negative change. It is getting gas bad as the PC business.
I think it should be avoided, except for Apple.
I've mentioned the crack spread gains a lot lately, and. James Altucher's come up with a
portfolio to accent it on Stockpickr, focused on the pure-play refineries that tend to go up the most when the spread widens between natural gas and crude.
At the time of publication, Cramer had no positions in any of the stocks mentioned in this post.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, 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. Click
here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click
here to order his book, "Real Money: Sane Investing in an Insane World," click
here to get his second book, "You Got Screwed!" and click
here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by
TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.