NEW YORK (
) -- The technology sector is getting steam rolled, but Jim Cramer said during Friday's "Stop Trading!" segment on CNBC that there is no need to panic.
"When you see a complete exit from a sector, it is usually because of a large mutual fund or a bunch of smaller funds," Cramer said.
Cramer did say, however, that he remains concerned about
, which is a commodity play. He fears there could be price wars.
had a good quarter, but released horrible guidance, Cramer said. "Qualcomm," he said, "has no credibility."
But the only reason
is going down is because of the "vast exodus by mutual funds," Cramer said. "Microsoft delivered."
"You have to let these institutions do what they have to do," Cramer said -- while also nothing that, as valuations get lower, it could be a good entry point.
Cramer's last take on "Stop Trading!" was on
, of which he remains positive. Cramer said Citigroup does not have a lot of mortgage exposure, other than what's in Citi Holdings unit, versus some of their competitors.
"Citi is going to be 60% international and 40% domestic in 2011 to 2012," Cramer said. "That's what every bank in America wants to be and they are the only one there."
-- Reported by Jeanine Poggi in New York.
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