Jim Cramer's Wall Street Confidential, Jan. 23

Recap of Jim Cramer’s comments on Wall Street Confidential, Tuesday January 23. Click on a stock ticker for more analysis:

Texas Instruments (TXN), Cisco (CSCO), Apple (AAPL), Tellabs (TLAB), Nortel (NT), Alcatel (ALU)

Cramer comments that TXN-led rally is a perfect chance to sell; "These are predictable rallies," he said. "When you have a very bad options hangover that finishes right near the end of the day, and you have a big, bad event like Texas Instruments to get through, then you're going to have a several-day rally." Cramer adds that he doesn't care for TLAB, NT and ALU, and the only two tech stock he would stick with are Apple and Cisco.

American Standard (ASD) and Masco (MAS) and Black & Decker (BDK)

In spite of Goldman Sach's upgrade of the sector, Cramer warns that housing is being attacked by the shorts and the media, however, the "momentum of the buyers" is great. He adds that these stocks don't trade according to their fundamentals and that pin action companies such as ASD and MAS have been inching up every day. Cramer adds that Black and Decker is a buy because it has preannounced.

Schlumberger (SLB), Transocean (RIG), GlobalSantaFe (GSF), Halliburton (HAL), Hoku Scientific (HOKU)

Cramer disagrees with an Bear Stearns call on oil which implies that SLB is clueless. He likes SLB, RIG and GSF, saying that he is usually cautious of Americna and Canadian drillers. He predicts that HAL will make an international acquisition. He calls HOKU a "trading vehicle" and says it will be a "huge short down the road." He concludes by commenting that while the President makes is seem as if he going to make a move toward alternative energy, investors will have to sell these stocks between 9:30 and 4:30 on Wednesday.

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