Jim Cramer's Stop Trading: Buy Intel, Not Advanced Micro Devices

NEW YORK (TheStreet) -- CEO departures are the hot topic for Thursday, as earlier, TheStreet's Jim Cramer discussed Gap's (GPS)  chief executive departure and how investors should handle the stock. 

On CNBC's "Cramer's Stop Trading" segment, Cramer, the co-manager of the Action Alerts PLUS portfolio, took a look at shares of Advanced Micro Devices (AMD) , which are lower by about 6%.

The company said that Lisa Su, its general manager and senior vice president, will replace Rory Read as president and chief executive. 

Instead of using the selloff as an opportunity to buy shares of Advanced Micro Devices, investors should buy Intel (INTC) instead, Cramer said.

Intel reports earnings on Oct. 14 after the market close, while Advanced Micro Devices reports earnings on Oct. 16 after the market close.

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

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

More from Opinion

The Good, the Bad, and the Unknowns of AI and Apple Watches

The Good, the Bad, and the Unknowns of AI and Apple Watches

Flashback Friday: Bye Bye FAANG

Flashback Friday: Bye Bye FAANG

Micron Slumps After Issuing Light Guidance: 7 Key Takeaways

Micron Slumps After Issuing Light Guidance: 7 Key Takeaways

Throwback Thursday: Let's Talk Tilray

Throwback Thursday: Let's Talk Tilray

Amazon's Reported Plans to Greatly Expand Its Cashier-Free Stores: 5 Takeaways

Amazon's Reported Plans to Greatly Expand Its Cashier-Free Stores: 5 Takeaways