NEW YORK (TheStreet) -- On CNBC's "Cramer's Stop Trading" segment Tuesday, Jim Cramer said chips and regional banks are the hot sectors investors should be keeping track of right now.
"There's a lot of talk of a big deal coming in this group," Cramer said of the chipmakers, noting that shares of Xilinx (XLNX - Get Report) are rising after Pacific Crest's upgrade today to buy from hold. The group is "so red hot it's transcending anything right now."
Another "red-hot" sector is regional banks, which are rising after the U.S. Commerce Department reported a 20% increase in April housing starts.
Oppenheimer's upgrade of Fifth Third (FITB - Get Report) on Tuesday is helping the sector, although Cramer said he prefers Keybank (KEY - Get Report) or First Horizon National (FHN - Get Report) over Fifth Third.