Cramer: A glimpse of the glory days
Jim Cramer | [email protected]
Isn't that how you have to feel about the now-endless assault to higher ground by Microsoft and Intel, the two higher-yielding stalwarts that were supposed to have lost their mojo?
I think the Intel rally has to do with a new CEO coming in who can give the company a renewed focus away from desktop personal computers. Heaven knows, expectations are low enough that if there is a pulse in the fall this one can go higher.
Microsoft is the function of two high-profile analysts recommending "sell" at the same time when they should have been recommending "buy." Goldman Sachs and Nomura must have convinced legions of hedge funds to bet against this snail of a stock, and their covering feels like rocket fuel.
Yes, Microsoft and Intel have the same problems. They aren't in the hot products. But at the same time, they have good gross margins, some consistency, lots of fire power, and are so underowned that you can see the scramble happening every day.
These stocks want to go higher.
Disclosures: Cramer's charitable trust has no positions in the stocks mentioned.