“Stop Trading!” Jim Cramer Thinks INTC Is Undervalued

In his Wednesday’s “Stop Trading!” segment aired on CNBC, Jim Cramer said that Intel INTC is undervalued and those who are ignoring the stock are in a "wrong." He emphasized, “I think people should listen to [Intel's] conference call." Although he accepted that analysts "hate" the stock, the number of companies buying INTC’s products is on a rise. With Novellus NVLS indicating a possibility of a continued uptrend in the flash memory, Cramer thinks that “SanDisk SNDK could still go higher." Talking of Kulicke and Soffa Industries KLIC, Cramer said, "I think semiconductors are still very cheap.” With China GDP data scheduled to be released today, Cramer expects investors to short stocks such as Caterpillar CAT and Freeport-McMoRan FCX “in anticipation of a deceleration in China.” Cramer advised traders to buy Caterpillar on Thursday “after China talks about its deceleration and soft landing.” According to him, deceleration in China's GDP will be short-term n nature. "But longer term, China is not the only country" that will be booming he said. Reiterating his yesterday’s thesis on the economic boom across the globe, Cramer mentioned that “BMW has raised its forecast and Banco Santander STD just moved to Germany, which is a ‘big country.’ Meanwhile, "France is very strong," he added. Read more on Jim Cramer.