Also the options action in National Semiconductor (NSM) suggests to me there could be a big catalyst infront of this stock, Najarian said.

On stocks of companies that have significantly lowered earnings guidance, buy defensive puts. This works for Texas Instruments (TXN), Ingersoll-Rand (IR), Eaton (ETN), International Paper (IP), National Semiconductor (NSM), Sandisk (SNDK), Illinois Tool Works (ITW), Massey Energy (MEE), Parker Hannifin (PH), Estée Lauder (EL), Time Warner (TWX), CSX (CSX) and Norfolk Southern (NSC).

Bulls need to see tech go up again, though, because you want the National Semis (NSM) -- bad -- to not be the takeaway, and you want the Hewlett-Packard (HPQ) upgrade to be "right."

Relational Investors lowered its position to 25,131,618 shares (10.96%), by selling 2.6 million from Jan. 6 to 8 at an average price of $10.77.

But I believe Texas Instruments (TXN) and National Semiconductor (NSM) are vulnerable, as they were the two that started this whole run on bad news that I believe will run out of gas.

We know, for example, that the financials are going down because numbers are too high. I think that when the analysts feel that the run is over, they will come out and blast oil service numbers, and you can go right back and buy them then, a la National Semiconductor (NSM) and Texas Instruments (TXN).

Cramer: H-P's Still Buyable: Jim Cramer sees Hewlett-Packard as a leader among tech names and thinks it's not too late to buy.
Click here to watch the video.

Relational Investors cut its stake to 33,443,949 shares (14.6%) recently, by selling 143,068 at $16.80 apiece.

Campbell Soup voted a 14% payout increase, to 25 cents a share from 22 cents, giving it a 2.67% yield. Uninterrupted dividends date back to 1902, and this is the fifth consecutive annual boost.

33%

discounting in progress