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Jim Cramer's Stop Trading! Short Circuited

Allegheny Tech could fall when it reports earnings, he says.

A great run in

Allegheny Technologies

(ATI) - Get Free Report

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


(TZOO) - Get Free Report

, 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


(INTC) - Get Free Report

, where he said there's "no reason to own the stock." He also wasn't enthusiastic about

Advanced Micro Devices

(AMD) - Get Free Report

, which could find itself in a price war.

Cramer said


(QCOM) - Get Free Report

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



is "daunting."

Several big consumer stocks could be plays on a falling dollar, Cramer said, namely

Procter & Gamble

(PG) - Get Free Report



(MO) - Get Free Report



(CL) - Get Free Report



(AVP) - Get Free Report


"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.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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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