People looking for a tech play in the current market should consider
Hewlett-Packard
(HPQ) - Get Report
and
Texas Instruments
(TXN) - Get Report
,Jim Cramer said on
CNBC's
"Stop Trading!" segment Monday.
"If you think
Intel's
(INTC) - Get Report
going up then you should buy Texas Instruments," whose chips for video and cell phones are a much better business than PCs, Cramer said.
Hewlett-Packard "is still very cheap" and the company is run by "an inspirational leader," CEO Mark Hurd, Cramer said. "Forget about the other guys."
Cramer also urged viewers to put in orders for
next week's initial public offering by
J. Crew
, citing the chain's "great comp numbers." Cramer was less sanguine about the former employer of J. Crew chief Mickey Drexler, the
Gap
(GPS) - Get Report
. When it next reports numbers, the Gap "misses really badly," Cramer predicted.
In another sector, Cramer said, shares of the two main satellite radio companies remain "hideously overvalued," but if forced to choose, go long
Sirius
(SIRI) - Get Report
and short
XM
(XMSR)
.
At the time of publication, Cramer had no positions in the stocks mentioned.
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
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