Jim Cramer Talks Tech, Financials and Crude

Earlier, on CNBC, Jim Cramer talked the financials and the tech sector. Cramer doesn't see the financial or technology sector doing well. He believes that the technologies are at risk because earnings are in three weeks and believes that they will be below estimates. He stated, "with one announcement, the tech sector can turnaround." Cramer suggests investing in companies that pay dividends, like Verizon

believing that Federal Reserve Chairman Bernamke is not going to increase interest rate. Carmer also suggested investing in companies that are involved in China. One idea from Cramer is investing in Harry Winston Diamond

, which has four salons in Beijing, Taipei, Hong Kong, and Singapore. Most people reach for coal names when China cuts interest rates. Jim Cramer said no, "do not go near the industry." Cramer suggests reaching for industrials. Oill industries are begining to rally after China cut rates. Deutche Bank stated that oil is going to go into deficet this year because of sancitons with Iran. Iran's plans for its nuclear program may have sent the price of oil up because of fear of a decreae of supply. Crude inventories also have fallen 100,000 barrels since last week. Cramer suggests investing in industrial companies, such as American Electric Powers

. Even though they are down right now, the cuts to the interest rates in China may lead to gains.