In Cramer’s earlier story, he reviewed how tech as a group is done for some time. Here is a link to the prior list of negative stocks and negative sectors.
Microsoft’s (MSFT) won’t save the day for all the other sectors, but he likes that one. He said he is exiting when tech is up 2.6% more than the market. He says you don’t have to think being a lemming is dumb sometimes.
There are a few that he thinks can weather the storm. His 5 names are:
Cisco Systems (CSCO), Apple (AAPL), Microsoft (MSFT), Hewlett-Packard (HPQ) and Google (GOOG).
Cramer said Cisco Systems (CSCO) murdered the Junipers and others. Cramer thinks the recent downgrades just mitigated some of the calendar risk. That was also one of his top growth plays 2-weeks ago.
Apple (AAPL) is still his #2 growth stock of the year and he is sticking with it. The guidance is just artificially low for the quarter and he thinks this goes higher even with it down in after-hours.
Microsoft (MSFT) is too powerful to be capped. The Vista is going to win and MSFT under $28 is a gift (although it is around $31 now). He thinks even though it may sell off after the Vista release, you may want to rebuy it.
H-P (HPQ) is the best player in PCs according to him that will benefit from Vista.
Google (GOOG) is a product winner and he thinks it goes higher. He said last week that it would go to $513 by today, but we are at $497; that’s a gift according to him. In the very recent past he noted that GOOG was at a $500.00 wait before it was going to $600.00.
He also likes Level 3 Communications (LVLT), but that wasn’t one of his top 5 holding stocks he noted. That is his #1 speculative play for 2007 from 2 weeks ago if you recall.
Jon C. Ogg
January 17, 2007
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