Jim Cramer's Wall Street Confidential, Jan. 16

Recap of Jim Cramer’s comments on Wall Street Confidential, Tuesday January 16. Click on a stock ticker for more analysis:

Advanced Micro Devices (AMD), Intel (INTC), Hewlett-Packard (HPQ), Symanetc (SYMC): Cramer would look beyond Intel for a good tech play and doesn't think it can trounce AMD in a price war. He suggests buying buyers of semiconductors such as HPQ rather than semiconductors themselves, and Cramer is baffled by the fact that HPQ is down. He adds that SYMC is a "no-starter" and reminds him of 90s software companies which never recovered, and urges investors to move on.

Centex (CTX) and KB Home (KBH): The land-options write offs taken by CTX and KBH indicate that "their eyes were too big," says Cramer and the fact that they took drastic measures late demonstrates that they were anticipating an upturn in housing. Cramer believes that this is the retrenchment the market is waiting for, and while he liked both stocks in September, he only likes KBH now, but would not be opposed to selling it.

General Electric (GE): Cramer thinks GE's purchase of an aerospace company is an indication that it wants to move aggressively into that sector, but he is more interested in the acquisition of oil equipment outfit, Vetco Grey. "I would love to buy the stock not only on its P/E basis, which is high, but on its bet on oil," Cramer said.

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