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Smartphone Stocks Send a Clear Signal

By Jim Cramer

 About this article:
 Like Apple will be denied. Think of this stock: It just hit $133 the other day and is now reasserting its leadership because of smartphones, with Palm verifying the movement. Research In Motion is quickly becoming an outlier. Plus, that whole Intel foray turned out to be much ado about press releases, and I no longer think it is relevant to the fortunes of Qualcomm and Texas Instruments, with both experiencing breakouts. Do not forget that Skyworks, RF Micro, TriQuint and CommScope, as all play a role in this changeover. The Nasdaq selloff, reasonable after the run, I think will be checked. I think that the good news from Oracle and Palm will prevail, and we are in a moment where leadership in tech is back, and I would use the weakness to buy. I would also be socking in some Bank of America and Wells Fargo to...

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