Jim Cramer -- You Should Stick With Intel and Darden

Shares of Intel (INTC) are up Tuesday thanks to an upgrade to buy from hold at Mizuho. 

The company also received positive coverage from J.P. Morgan, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment. 

These types of reports are "very bullish" for a stock heading into earnings, Cramer added. Intel reports Thursday. 

Cramer praised CEO Brian Krzanich for doing a "wonderful job reinventing the company," especially after its acquisition of Altera. As the company shifts its business away from personal computers, look for the stock to trade with a higher price-to-earnings valuation, he said. 

INTC Chart
Intel INTC data by YCharts

Turning to Darden Restaurants (DRI) , Cramer pointed out that activist investor Starboard Value sold 1.3 million shares of the company. But investors shouldn't panic because the fund still holds an 8.1% stake in the stock. 

"Don't sell Darden on a trim by a hedge fund that has a big gain. That's not a good reason to sell," Cramer explained. "The last quarter for Darden was extremely well," and the restaurant company is a big beneficiary of lower gas prices, he added. 

DRI Chart
Darden Restaurants DRI data by YCharts

Aside from Darden, few others have cited low gasoline as a positive catalyst. Some of those include Six Flags (SIX) , Cedar Fair (FUN) and Carnival (CCL) . 

Now that most of their hedges have expired, the airlines should also benefit from lower fuel costs, Cramer said. As a result, he likes this industry.

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

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