Cramer's Stop Trading! Intel Is at the Cheapest Level in 20 Years (1/15/10)

Includes: INTC, JPM, WSO, WYNN
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Friday January 15.

Intel (NASDAQ:INTC), JP Morgan Chase (NYSE:JPM), Watsco (NYSE:WSO), Wynn Resorts (NASDAQ:WYNN)

Cramer told his viewers not to believe the story Intel's (INTC) stock was telling Friday and to pay attention instead to the conference call. Intel's numbers were strong and gross margins were healthy, but still the stock fell 2.4% on Friday. Cramer would take advantage of the opportunity, "This is the cheapest I've seen Intel in 20 years."

However, the story is quite different in the case of JP Morgan (JPM) which also reported a strong quarter. Cramer gave a stern message to banks; "Washington doesn't want to hear how rich you are." Or, rather, they do if they want to raise taxes. Cramer repeated his criticism of Obama's tax on banks because it will create obstacles to lending. "What would make me feel better about banks is if they were off the radar screen," he said. "The biggest risk to the banks has been in the headlines."

Cramer recommended heating and ventilation manufacturer Watsco (WSO). He would also buy Wynn Resorts (WYNN) on the approaching Chinese New Year, which will mean increased business in Macau. Cramer recommended buying the stock, which dropped 3% on Friday, on weakness.


Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and his Stop Trading! Picks.

Get Cramer's Picks by email-- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or

About this article:

Problem with this article? Please tell us. Disagree with this article? .