Cramer's Stop Trading!: SanDisk, Intel, Caterpillar


NEW YORK (TheStreet) -- On his Wednesday Stop Trading! segment on CNBC, Jim Cramer said that Intel (INTC) is undervalued and that those who aren't buying Intel are "wrong."

"I think people should listen to Intel's conference call," said Cramer, acknowledging that analysts "hate" the stock. He also observed an uptick in companies buying Intel products.

Meanwhile, Novellus ( NVLS) has signaled that the uptrend in flash memory is poised to continue. "That's why I think SanDisk ( SNDK) could still go higher," said Cramer.

Novellus also signaled a continual uptrend in DRAM.

"I think semiconductors are still very cheap," said Cramer, also bringing up Kulicke and Soffa Industries ( KLIC) stock.

China GDP data is expected on Thursday and Cramer sees stocks like Freeport-McMoRan ( FCX) and Caterpillar ( CAT) being shorted in anticipation of a deceleration in China.

"I'm saying let them come down then tomorrow you can buy Caterpillar -- after China talks about its deceleration and soft landing" he advised. He continues to think that China's slowing GDP will be short-term. "But longer term, China is not the only country" that will be booming he said, echoing comments from his Tuesday segment of Stop Trading!.

"The world is booming, except for the United States ... even Germany," he said.

Cramer noted that BMW has raised its forecast and Banco Santander ( STD) just moved to Germany, which is a "big country."

"France is very strong," he added. "Brazil -- we talked about it yesterday."

Towards the end of Stop Trading!, Cramer again praised Fed chairman Ben Bernanke, who he thinks is "totally getting this right."
Cramer's Stop Trading!: Citi, Apple
Click here for Cramer's Tuesday Stop Trading! segment

-- Reported by Andrea Tse in New York.

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