Advanced Micro Devices (AMD), Intel (INTC), Dell (DELL), Hewlett-Packard (HPQ): Commenting on the price war between AMD and INTC, Cramer says that the winner will be the one with the most chips, which he predicts will be HPQ. Although Cramer says all chip consumers will go up, he warns that Dell is a "challenged company." Cramer gives CEO Mark Hurd credit for cutting costs, and believes that once Vista is launced, HPQ will have PCs they can sell, and not just printers. He thinks that stock will go from $43.40 to $45.
Conco Philips (COP), BP (BP): Cramer advises COP to "save your money" concerning its planned buyback, and says the company would be better off increasing its dividend, but he doubts that they will. Cramer called BP's departing CEO Lord Browne a "serial polluter of the environment" and a "virtual Hamlet."
Google (GOOG): Cramer notes that Google will go up from $503 to $513 which he calls a "magic level" because he sees a short squeeze coming. Once that happens it's "off to the races" to $520.
Intel (INTC), Microsoft (MSFT), F5 Networks (FFIV), Omniture (OMTR), Akamai Technologies (AKAM), Level 3 Communications (LVLT): Cramer comments that tech is product-driven and INTC can go back down on any kind of guidance. Cramer predicts some good quarters with Microsoft breaking through the $30 strike, and he gives the entire sector, which will be "up up and away" with the Vista launch, two thumbs up. The "FFIV" complex of OMTR, FFIV, AKAM are hot, comments Cramer who says that LVLT is in the midst of a "virtuous cycle" by issuing large amounts of stock to take out convertible bonds, and he believes the company will be cash positive in 2007.
Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and Wall Street Confidential.
Get Cramer's Picks by email -- it's free and takes only a few seconds to sign up.
Seeking Alpha is not affiliated with CNBC, Jim Cramer or TheStreet.com