tag:blogger.com,1999:blog-2335748440449035592.post5728426891035274730..comments2008-06-13T13:39:23.626-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2335748440449035592.post-14730175560823131572008-06-13T13:39:00.000-04:002008-06-13T13:39:00.000-04:00'New Tech' Runs Rings Around Computer Stocks<BR/><BR/>By Jim Cramer<BR/>RealMoney.com Columnist<BR/>6/13/2008 12:57 PM EDT<BR/>Click here for more stories by Jim Cramer <BR/><BR/>New tech snaps back faster than old tech. Some of that is because these companies tend to be buyers of their own stock all of the time, so they are taking shares. Some of it is a recognition that the companies' businesses are still on fire, and some of it is because old tech has lost its mojo. <BR/> <BR/> <BR/> <BR/>This week we saw an upgrade of Eaton (ETN - commentary - Cramer's Take), which is timely because Eaton makes a lot of energy-savings devices for trucks. Emerson (EMR - commentary - Cramer's Take) is about motors and flow control, and that's ramping. <BR/><BR/>Parker-Hannifin (PH - commentary - Cramer's Take), United Technologies (UTX - commentary - Cramer's Take) and Honeywell (HON - commentary - Cramer's Take) always catch bids on these days, as they are always buying back stock, and they are always delivering on a host of aerospace and military plays. <BR/><BR/>Caterpillar (CAT - commentary - Cramer's Take) bounces off of infrastructure. SPX (SPW - commentary - Cramer's Take) just ramps because it is still too cheap and chock with new tech. What a winner that one is. <BR/><BR/>But here's an idea that has been overlooked. Think about Ingersoll-Rand (IR - commentary - Cramer's Take). This stock has been hammered down mercilessly. Its biggest crime? Buying Trane to make the company less cyclical and more oriented toward climate control so owners of offices can cut their electric bills. That was the smartest thing that IR could do to make itself less industrial and more P/E-enhancing. <BR/><BR/>I like all of these stocks much more than the Salesforce.coms (CRMl - commentary - Cramer's Take) and the Microsofts (MSFT - commentary - Cramer's Take). <BR/><BR/>The one that hasn't moved enough, if you agree with me, is IR, with Emerson being a close second. <BR/><BR/>Random musings: Mineral trades are back. So are steels. Nucor (NUE - commentary - Cramer's Take) and Cleveland-Cliffs (CLF - commentary - Cramer's Take) still cheap ... Freeport-McMoRan (FCX - commentary - Cramer's Take) trades like a bid... <BR/><BR/>At the time of publication, Cramer was long Freeport-McMoRan.Dr. Baugushttp://www.blogger.com/profile/03051515116594443127noreply@blogger.com