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Jim Cramer: The Downgrade of Semiconductors Was ‘Dead Wrong’


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CNBC’s Jim Cramer disagrees with the Goldman Sachs analyst who downgraded the semiconductor sector. The analyst says these stocks could fall as much as 10%, and the bearish statements could affect the sector. Cramer doesn’t think Cisco’s (CSCO) earnings were that bad, and if emerging markets come back, the stock should rebound. Avnet (AVT) management, whose clients are semiconductor companies, says that things are good in the industry. Cramer thinks the downgrade was “dead wrong, ” and the analyst is “oppositional to the great run in Intel (and other semi stocks).”

Cramer would buy Dollar General (DG) on the news that it wants to get in competition with Dollar Tree (DLTR) for a possible buyout of Family Dollar (FDO). Cramer thinks DG has “much more game” than Dollar Tree. “I think Dollar Tree walks away.”

Cramer thinks Wal-Mart (WMT) should make a bid for Family Dollar, “so we know it has a pulse.”

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