By Roberto Pedone
WINDERMERE, Fla. (
) -- According to Jim Cramer, those who do not know their history
are doomed to miss the move
. On Wednesday's "Mad Money" TV show, he told viewers that
is amidst the most impressive product cycle he's ever seen, and he thinks the stock is ready to double in price from its current level of around $24 a share.
Cramer explained that in 1982, when Intel launched its 286 chip, the stock doubled. Then, in 1985, it introduced its 386 chip, and the stock doubled again! When the 486 chip hit the market in 1989, that was another double, and again in 1993 with the launch of the Pentium series. However, since the dot-com bust of 2000, Intel's stock has suffered, due to the lack of no new products to take it higher.
Cramer thinks that suffering is about to end. He said Intel is in a position to benefit from a new product cycle that includes strong demand from consumers as well as businesses and plays domestically and internationally. Cramer mentioned that all of tech can be played off of Intel's strong results, including names such as
Recently, Cramer found opportunity in bank stocks, the four horseman of tech and seven stocks hit by European debt issues. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on
blog posts. (These blog posts might require a
: Is the banking bull market finally back? Cramer thinks so. In an
he wrote: "I also think the time to buy
is still at hand and don't get why it is down despite the excellent Raymond James initiation today." The
Bank of America
: Cramer thinks the four horseman of tech, including
, are ready to ride again. In an
he wrote: "Some oldies but goodies are finally breaking out in unison, and it makes me wonder whether their chorus will bring new fans to the market." The
: Cramer sees opportunity in playing stocks such as
that are being overshadowed by European woes. On
last Thursday's "Mad Money" TV show,
he told viewers that in all of these cases, the market's focus on European financial issues led to great buying opportunities for those who were paying attention. The
: Cramer thinks some of the most hated stocks by hedge funds are getting lots of love. In an
, he wrote: "
Lew Frankfort has had to battle the shorts at every turn as they perennially claim his stock is overvalued and that his growth will run out. He counters by offering new styles, different price points and innovative new merchandise. The counters are working." The
Polo Ralph Lauren
: Cramer has spotted a number of companies, including
, that are handling adversity so far. In an
he wrote: "The big industrial moves don't seem to be getting hit too hard, with
a classic example of being up huge yesterday and barely down today." The
: Cramer has noticed some unbelievable rotation in stocks such as
Goldman Sachs Group
. In an
he wrote: "These moves become very self-fulfilling as the panic fills the air and the portfolio managers go in to tomorrow's meetings and say, "Get me out of this
, for heaven's sake, and put me one-for-one into
-- Written by Roberto Pedone in Windermere, Fla.
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(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Apple, Bank of America, Cisco, EMC, Goldman, Intel and JPMorgan for his Action Alerts PLUS charitable trust.)