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Budd Foxx
Breakouts and Technical Analysis of Chart Patterns
Micron Technolgy [MU 11.0 -0.23 (-2.05%) ]: Worst of breed, Cramer said. NVIDIA [NVDA 46.33 -3.01 (-6.1%) ], Texas Instruments [TXN 33.42 -1.04 (-3.02%) ] or Intel [INTC 23.96 -0.49 (-2%) ] are better.
Merck [MRK 49.21 -0.91 (-1.82%) ]: “I think it’s time to sell Merck.” Go with Schering-Plough [SGP 29.63 -0.82 (-2.69%) ] instead, Cramer said.
Amazon.com [AMZN 76.22 -2.43 (-3.09%) ]: This is a house-of-pain stock right now, but once the smoke clears and this market evens out, Cramer thinks AMZN will move again.
UIL Holdings [UIL 29.41 -1.25 (-4.08%) ]: The utilities are good here, Cramer said, and he likes the 5% yield. He also likes ConEd [ED 45.08 -0.59 (-1.29%) ].
Casual Male Retail [CMRG 9.75 -0.33 (-3.27%) ]: The only retail companies Cramer can get behind right now are American Eagle Outfitters [AEO 24.48 -0.72 (-2.86%) ], Kohl’s [KSS 56.38 -0.67 (-1.17%) ] and Gap [GPS 18.07 -0.24 (-1.31%) ].
O Charley's [CHUX 16.23 -0.18 (-1.1%) ]: “Casual dining is just absolutely awful right now.” Cramer likes Chipotle [CMG 97.13 -2.42 (-2.43%) ] instead.
Qualcomm [QCOM 37.87 -0.71 (-1.84%) ]: QCOM must settle its legal troubles before investors will be willing to put money in this stock, Cramer said.
Wal-Mart [WMT 43.4 -0.42 (-0.96%) ]: Don’t buy.
Burger King [BKC 23.4 0.05 (+0.21%) ]: “Great company.” This is the one part of the restaurant group that’s doing well, Cramer said.