Jim Cramer's Stop Trading: Buy Hewlett-Packard, Old Tech

NEW YORK (TheStreet) -- Investors who don't buy Hewlett-Packard (HPQ) today are going to be kicking themselves on Monday, according to TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio.

On CNBC's "Cramer's Stop Trading" segment, he said that Intel's (INTC) boost to second quarter revenue guidance on the back on increased PC demand bodes well for the enterprise PC business at Hewlett-Packard.

When combined with Hewlett-Packard's job slashes and cost-cutting, increased demand in PCs will lead to earnings leverage, he suggested. 

"HPQ is a winner," as business spending increases, Cramer said, concluding that old technology stocks that are not affiliated with optics will go higher and investors "should buy them."


-- Written by Bret Kenwell in Petoskey, Mich.

Why Priceline's $2.6 Billion Buy of OpenTable May Be a Bargain

Sycamore Partners Plans Bid for Express

Parents, Educators, Politicians Share Blame for College Grads’ Woes

Intel Surges: What Wall Street's Saying

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

If you liked this article you might like

Apple Could Get to Zero Net Cash This Way, Says UBS

Apple Could Get to Zero Net Cash This Way, Says UBS

Carl Icahn Urges Xerox Shareholders to Block Fuji Deal

Carl Icahn Urges Xerox Shareholders to Block Fuji Deal

Intermediate Trade: HP Inc.

Intermediate Trade: HP Inc.

Best Stocks to Buy Now That the Dow Has Cratered

Best Stocks to Buy Now That the Dow Has Cratered

Investors Learned One Valuable Lesson Watching the Dow's 1,175-Point Crash

Investors Learned One Valuable Lesson Watching the Dow's 1,175-Point Crash