Semiconductor stocks are a bad bet at the moment, Jim Cramer said on
"Stop Trading!" Friday.
A good quarter from
"doesn't matter" because "people want out of this group in the summer."
"Tech is what's ailing this market," Cramer said. "They want so badly to get into
, and it's unrequited love."
Cramer was more bullish on
Comcast is emerging as "the new Nasdaq leader" after turning in a great quarter and highlighting the "triple play" of voice, data and video. "It's what the Street wanted and has really turned the tide in favor of cable," Cramer said.
Other Nasdaq leaders could be
, where earnings multiples that approach 50 "haven't been broken."
Elsewhere, a bullish analyst note Friday from Bear Stearns on
was a snoozer. "Analysts repeatedly try to get behind Coca-Cola as a changed story," Cramer said, while the "stock is just flatlining." Try
At the time of publication, Cramer had no positions in the stocks mentioned.
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