A great run in
could hit a speed bump when the company delivers quarterly results this week, Jim Cramer warned on
"Stop Trading!" segment Monday.
"Unless they have a cure for cancer, this stock is headed down when they report," Cramer said, noting the shares have more than doubled since he started recommending them, in part because of short-covering.
Short-covering is also responsible for part of the recent gain in
, Cramer said. The company reported a good quarter last week. "Was it 30 points worth of a good quarter? No, it's the shorts atrophying," Cramer said.
Cramer recommended against
, where he said there's "no reason to own the stock." He also wasn't enthusiastic about
Advanced Micro Devices
, which could find itself in a price war.
will eventually rise to $55 because it's "the guts for almost everything." At the moment, however, "the stock has no legs," and Cramer said recent price action in
Several big consumer stocks could be plays on a falling dollar, Cramer said, namely
Procter & Gamble
"Look at how much money Altria left on the table because of a high dollar," Cramer said. "These companies are all levered to the weaker dollar. Look out, the estimates could be too low."
At the time of publication, Cramer was long Altria, Procter & Gamble and Qualcomm.
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