was upgraded by Goldman Sachs today, the stock is not worth buying, Jim Cramer said on TheStreet.com TV's Wall Street Confidential Web video Friday.
"We are in a relative gain period," he told Farnoosh Torabi, the host of Wall Street Confidential. If people want to make 50 or 60 cents with Intel, then OK, but in the interim,
Research In Motion
will go up $10 and
could be up 100 points.
Investors have gone through these periods before, when it's a question not of whether they can be in a stock that will go up but rather of whether they can be in a stock that goes up the most, Cramer said.
From 2000 to 2006, it was a question of whether market players can be in stocks that will advance or decline. That period has ended, and now "we are in a period of relative gain: which stocks can go up the most," he said.
"What I'm saying is that Intel,
won't go up as much as other stocks in the market, and not just tech," Cramer said.
He believes these four won't perform as well as
, either, to name a few. This is partly because their market caps are "gigantic," Cramer said. "They just can't move. They can't gallop."
It's not that Cramer believes Intel is "stuck in the gate" or going backwards -- it's just not in the horse race, he said.
Even though Intel has the upper hand against rival
Advanced Micro Devices
, Cramer said he does not suggest shorting AMD here.
"I have a hard time shorting anything here, because
Penn National Gaming
gets a leveraged buyout, and they stunk," he said.
"AMD would be a ridiculous LBO ... but people don't care," Cramer went on to say. "There's a lot of money around, and when there's a lot of money around, a lot of stupid things get done."
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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