Jim Cramer answers viewers questions from social media on the floor of the New York Stock Exchange. Cramer was asked about both Microsoft (MSFT) and Intel (INTC). Cramer said he thinks Microsoft is having a decent quarter, but he's not sure if Intel is. He said the action in Microsoft is 'just fantastic.' Cramer also pointed out that TheStreet’s Real Money writer Bob Lang has recently written that Microsoft and Intel have been basing for a long time and can now go to new highs. Another viewer asked whether General Mills'(GIS) recent Cheerios recall was just a bump in the road. Cramer agreed that it was, and said it's a great opportunity to buy General Mills. Cramer also said WhiteWave Foods (WWAV) has been down a lot, and he would buy that too, noting that it’s a big name for Action Alerts PLUS. Another viewer asked Cramer if oil has bottomed. He responded that oil will be locked in a range of $43 to $53 and he doesn't think the price goes back to $70 to $80. If that's the case, Cramer suggests investing in Exxon Mobil (XOM) over Chevron (CVX). You can send questions to Cramer on his Facebook page, or follow him on Twitter @JimCramer and send questions using #CramerQ.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.