On CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, called Microsoft a "completely up stock," as it has continued to move higher and higher in recent trading.
Shares of Microsoft jumped higher following an announcement that it will slash 18,000 employees, as well as on Intel's (INTC) positive earnings results.
Cramer added that investors will get a better idea of how the job cuts will translate into earnings per share.
"I just think this is going higher," he concluded.
-- Written by Bret Kenwell in Petoskey, Mich.