Jim Cramer: Wall Street's Heavy Shorting on Intel is All Wrong

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Jim Cramer: Wall Street's Heavy Shorting on Intel is All Wrong

Jim Cramer: Wall Street's Heavy Shorting on Intel is All Wrong
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Jim Cramer: Wall Street's Heavy Shorting on Intel is All Wrong

by TheStreet 0:57 mins

Jim Cramer: Wall Street's Heavy Shorting on Intel is All Wrong

by TheStreet 0:57 mins

TheStreet's Jim Cramer disagrees with Wall Street's negative view on Intel. Cramer says the new CEO, Brian Krzanich, is doing an amazing job. Cramer says the gross margins in the mid sixties this quarter are going to go higher and Intel is going to blow away the numbers for the rest of the year. Cramer could see Intel going to $35 or even $40 once they get it right. Both the demand side from the business demand for PC's and the cost side are moving in the right direction: demand is going up and costs are going down. Cramer says right now is also a good opportunity to buy Hewlett-Packard too. Cramer is calling this a difference maker. Seagate and Western digital will do better. The group is heavily shorted but Cramer says the shorts are wrong.

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