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Cramer was still net bullish on the markets, as he made 51 “buy” calls and “19” sells between December 1 – 8th 2011. Within the technology sector, 8 were “buys” and 5 were stocks to sell.

The calls are summarized below:

Name

Symbol

Call

Date

Mkt Cap

Groupon, Inc.

(NASDAQ:GRPN)

Sell

12/1/2011

14.50B

KLA-Tencor Corporation

(NASDAQ:KLAC)

Buy

12/1/2011

8.17B

Shutterfly, Inc.

(NASDAQ:SFLY)

Sell

12/1/2011

903.18M

Siemens AG American Depositary

(SI)

Buy

12/2/2011

85.64B

Comverse Technology, Inc.

(NASDAQ:CMVT)

Buy

12/2/2011

1.31B

Netflix, Inc.

(NASDAQ:NFLX)

Sell

12/5/2011

3.70B

Baidu, Inc.

(NASDAQ:BIDU)

Buy

12/5/2011

45.02B

Cypress Semiconductor

(NASDAQ:CY)

Buy

12/5/2011

2.91B

Google Inc.

(NASDAQ:GOOG)

Buy

12/5/2011

201.71B

Salesforce.com Inc Common Stock

(NYSE:CRM)

Sell

12/5/2011

16.80B

Novellus Systems, Inc.

(NASDAQ:NVLS)

Buy

12/6/2011

2.45B

Micron Technology, Inc.

(NASDAQ:MU)

Sell

12/8/2011

5.82B

Intel Corporation

(NASDAQ:INTC)

Buy

12/8/2011

127.35B

Stocks most likely to move the most are discussed further.

1) Groupon, Inc. (GRPN) - Sell

Cramer said he did not like Groupon at all. Groupon is clearly a stock to avoid. Shares are off 25% from its IPO intraday high, but managed to recover from the low, up 58%. Shares rose since the start of the month and closed at $23.48 on December 9.

Groupon has a broken business model, because its email deals can be easily copied by any larger competitor. It sometimes devastates the businesses who use Groupon’s services.

In recent days, the company announced a scheduler that could be used by consumers of Groupon. LivingSocial’s ability to raise privately added to enthusiasm for shares.

2 and 3) KLA-Tencor Corporation (KLAC) and Novellus Systems (NVLS) - Buy

Cramer thought KLA and Novellus were the two best semiconductor equipment companies. Cramer pointed to KLA’s yield.

KLA indeed has a healthy yield of 2.86%. At a current price of $49, shares are only 3.27% away from its 52-week high, but has a P/E of just 10.04.

4) Shutterfly, Inc. (SFLY) - Sell

Shutterfly is not considered a strong stock. Cramer said it is too dangerous.

Analysis: Shares crumbled from around $60 to $25.54. The shares trade at a lofty P/E of 60.81, but sold off on a number of occasions on above-average volume. The company may face stiffer competition if Apple (AAPL) enters the online-photo business. The company traditionally does well during the Christmas season, and may see a rally. The company will need to justify its current valuation with strong results.

5) Cypress Semiconductor (CY) – Buy

Cramer spoke to the President and CEO of Cypress during his “Executive Decision” segment. The CEO talked about the launch of a new subsidiary, Deca Technologies. The market opportunity for micro-printed circuit boards is $1.5B and is growing at 15% a year.

Analysis: Cypress closed recently at $18.46, implying a market capitalization of 2.91B and a P/E of 24.61. Shares are already up 35% from a 52-week low but down 22% from its 52-week high. The company also pays a quarterly dividend of $0.09, which yields 1.95%.

Investor negativity for Cypress declined from October 31 to November 15. Short interest declined from 10.05M shares to 8.30M, a 1.76M decrease or 17.5%.

6) Salesforce.com (CRM) – Sell

In the context of momentum plays, Cramer said CRM was a sell compared to Lululemon (LULU).

Analysis: Salesforce trades at over 10 times its book value and as an even higher P/E, but that does not justify a lower share price. SAP AG (SAP) bought SuccessFactors for $3.4B, a 52% premium for this Software-as-a-service company. This validates a higher valuation for CRM shares.

7) Micron Technology, Inc. (MU) - Sell

Cramer called Micron a “sell” relative to Intel (INTC), pointing to the latter company’s yield.

Analysis: Micron is up 48% from a 52-week low reached in early-October. A cloud of uncertainty was lifted when the company successfully defended itself in court from Rambus (RMBS). Shares closed at $5.89, down 50.71% from its 52-week high.

Source: Jim Cramer's Take On 13 Technology Stocks