Speculative money is pouring out of hot sectors like oil, copper and gold and into tech, Jim Cramer said on his "Stop Trading!" segment on
have "fallen behind every sector of the market except housing and they're just due," Cramer said. "
has made their numbers for four straight years and nobody's cared."
, where some analysts see 25% to 40% earnings growth. "You're not going to get that in most of the S&P," he said.
, where "moron hedge funds" have been shorting the stocks because of a misguided belief they're exposed to a hard landing in the housing market. In fact, they're more levered to housing turnover and will "take the shorts out in boxes."
"They're screaming buys at 13 or 16 times earnings."
Cramer also said biotech will see strong prescription growth under new Medicare rules, naming
Lastly, Cramer said
is repurchasing stock because it can't find anything better to do with its money. Nevertheless, shorting it at 12 times earnings doesn't make much sense, either.
At the time of publication, Cramer was long Cephalon.
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