Jim Cramer’s Thoughts on These 9 Stocks

4. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 68

A caller asked if there was any hope left for Intel Corporation (NASDAQ:INTC) and Cramer said:

“You know what? Look, Intel does have a very good CFO, now CEO, one of the two CEOs… I wouldn’t bet against it. I think it is a great institution, but I don’t want to be in the stock.”

Intel (NASDAQ:INTC) develops and produces computing products, such as processors, memory, and artificial intelligence technologies. Cramer’s intent to stay away from the stock is not something new as he highlighted the challenges the company faces as he explained in early January:

“Intel is a national treasure people, it can’t be allowed to fail. Too dire a possibility? I don’t think so. Its balance sheet is a mess, its product line isn’t good enough, I don’t know if it can deliver on many of its promises to [the] government. Sure, nice guy messianic former CEO Pat Gelsinger is gone but so what? Intel needs a plan in 30 days, so the stock will keep coming down even after last year’s staggering 60% decline. Intel’s too big to be bought, too indebted to be finessed… The risk is existential.”