Cisco

(CSCO) - Get Report

will go back to a 52-week high after it reports solid earnings, Jim Cramer said on

CNBC's

"Stop Trading!" segment Thursday.

"This is the company in the whole telecom complex that I hear is having the best quarter," Cramer said. "It's the great bellwether here." Cramer liked how the stock "didn't even blink" after Merrill Lynch removed it from its focus list on Wednesday.

Despite a plunge in its shares Thursday, Cramer said,

Advanced Micro

(AMD) - Get Report

"is killing

Intel

(INTC) - Get Report

." AMD will get 30% of the microprocessor market, he added: "Shame on the short sellers."

Among aluminum producers,

Alcan

(AL) - Get Report

"is twice he company that

Alcoa

(AA) - Get Report

is," and with "the aluminum companies just on fire here I would go for it."

"Alcoa had one good quarter over a period of a decade," Cramer said. "I don't think people think it's for real. I think the move is very real and I think aluminum is here to stay."

JDSU

(JDSU)

"is resting here" in a "way station to higher levels."

Network Appliance

(NTAP) - Get Report

and

Citrix

(CTXS) - Get Report

, meanwhile, "go back to 52-week high territory" as soon as the

Nasdaq

recovers.

Cramer also said

Boston Scientific

(BSX) - Get Report

might of paid too much for

Guidant

(GDT)

. "If you had to do it over again, I don't know."

At the time of publication, Cramer was long Network Appliance.

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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