Like nearly every other stock, Intel (INTC) - Get Report took a beating in mid-February, declining to nearly $28. However, should the stock decline below $29 again, investors should use that as a buying opportunity, according to TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio.
The company's $16.7 billion purchase of Altera (ALTR) - Get Report brings Intel into a higher end business, which is good considering its exposure to the stagnant PC market, he reasoned. He also likes CEO Brian Krzanich "very much," and finds the balance sheet and dividend attractive.
Turning to the real estate market, Cramer said it's "just okay," even though shares of Zillow (Z) - Get Report have been on a "bit of a comeback." Whether it's fair or not though, "the problem is higher rates means people are going to sell Zillow," he explained.
Finally, Cramer called Dish Network (DISH) - Get Report a cheap stock, and pointed out all the recent negative comments on the company. However, he is not a seller, because Dish has so much spectrum -- which could soon be up for sale in a government-sponsored auction -- and because the company is so well run.
"My take is you buy Dish on any weakness," Cramer concluded.
At the time of publication, Cramer's Action Alerts PLUS had a long position in FB and TWTR.