Given that gasoline prices have gone up about 60 cents in the last month, you might be wondering if anybody out there is buying cars, Jim Cramer told his
"RealMoney" radio show listeners Wednesday.
They're not buying American cars, he said, because U.S. automakers are still "caught in the past," when consumers still liked gas-guzzling SUVs.
But Asian automakers decided to make the cars of the 21st century. Among these carmakers, Cramer said that
is the company that he has endorsed for about five years.
Toyota made the bet that consumers would want a more fuel-efficient, environmentally friendly car, he said. That makes it "the best manufacturer of the cars we want right now."
Plus, he said that the company is very well-run.
are often in the news because they have to lay people off, have inventory problems, have union problems or are paying too much for parts, he said.
But Cramer said Toyota has none of those problems. Moreover, he said that "this company will hire as many Americans as the amount that GM or Ford will fire."
was once the leader of the pack, Cramer said, adding that he used to own the stock for his
ActionAlerts PLUS charitable trust portfolio.
But the company has been surpassed in quality and profit as percentage of sales by
Advanced Micro Devices
Now Intel has announced that it will spend a lot of money to get people in the Third World to get on the PC bandwagon, which seems very generous. But Cramer said that if you dig deeper, there's more to the story.
He pronounced the U.S. PC market "dead," given the fact that 80% of Americans own a computer. Unless a new operating system hits the market, he said, there will be no room for growth.
But in emerging nations, PC ownership accounts for only 2.8% of the population. However, people in poor, developing nations can't afford a computer. Intel is trying to make a PC that's affordable and provide wireless service so it can access the growth potential in these markets.
But Cramer said AMD is ahead of the game in this area, too, and that it could get a super-cheap computer out there first. The company is even thinking of creating a hand-crank PC that would sell for under $100, he added.
This just goes to show that Intel has lost its edge, he said.
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James J. 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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