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Jim Cramer's Stop Trading! Tech Looks Due

Cisco, SanDisk and EMC are highlighted.

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



Shares like



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."

Cramer praised



, where some analysts see 25% to 40% earnings growth. "You're not going to get that in most of the S&P," he said.

He praised


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Home Depot


, 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

Merrill Lynch


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.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.