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Shares of Intel (INTC - Get Report) are up Tuesday thanks to an upgrade to buy from hold at Mizuho.
The company also received positive coverage from J.P. Morgan, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.
These types of reports are "very bullish" for a stock heading into earnings, Cramer added. Intel reports Thursday.
Cramer praised CEO Brian Krzanich for doing a "wonderful job reinventing the company," especially after its acquisition of Altera. As the company shifts its business away from personal computers, look for the stock to trade with a higher price-to-earnings valuation, he said.
Turning to Darden Restaurants (DRI - Get Report) , Cramer pointed out that activist investor Starboard Value sold 1.3 million shares of the company. But investors shouldn't panic because the fund still holds an 8.1% stake in the stock.
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"Don't sell Darden on a trim by a hedge fund that has a big gain. That's not a good reason to sell," Cramer explained. "The last quarter for Darden was extremely well," and the restaurant company is a big beneficiary of lower gas prices, he added.
Darden Restaurants DRI data by YCharts
Aside from Darden, few others have cited low gasoline as a positive catalyst. Some of those include Six Flags (SIX - Get Report) , Cedar Fair (FUN - Get Report) and Carnival (CCL - Get Report) .
Now that most of their hedges have expired, the airlines should also benefit from lower fuel costs, Cramer said. As a result, he likes this industry.
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