Why don't you just sell Intel (INTC) and buy Advanced Micro Devices (AMD) already?-- Peter from New York James J. Cramer: While AMD may continue to outperform Intel in the near term, Intel is a very cheap stock at 17 times expected 2005 earnings. AMD has been putting out hotter products lately, but I don't think Intel's management team is going to sit still, and I expect them to crank up the innovation to beat AMD. Plus, within a couple of years, Intel's WiMax technology could be a wireless communications standard. (Note: Cramer owns Intel for his charitable trust,
What do you think of Washington Mutual (WM)?-- Scott from Wisconsin James J. Cramer: Washington Mutual is a solid bank trading at 11 times earnings with a near-5% dividend yield. However, I don't advise buying the banks as the Fed is likely to continue hiking rates and it will be hard for the financials to outperform.