Cramer said the run in tech stocks is going to be powerful and will only gain steam as more money flows out of the energy sector. Cramer reiterated his stance that Goldman Sachs, which downgraded much of tech Wednesday, is missing the boat on the Vista upgrade cycle and that the firm will have to come around later this month and upgrade technology stocks.
Cramer also said he likes
off an upgrade Thursday, citing the "pin action" that has the stock up 3%. "What was Amgen doing with a lower multiple than Hank McKinnell?" he asked, referring to the deposed
Cramer said smokeless tobacco outfit
is "great," featuring a "big dividend," but he prefers his charitable portfolio holding
, which he believes is headed for 120, taking into account the upcoming
( KFT) spinoff. Altria recently fetched 88.
Cramer also likes
, a newly minted
natural gas spinoff.
At the time of publication, Cramer was long Altria.
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. Listen to Cramer's RealMoney Radio show on your computer; just click
here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click
here to order Cramer's latest 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.