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Cramer's Back; Sticking with Apple, R-I-M, And More
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Today on TheStreet.com video (link here), Jim Cramer was interviewed after being out on vacation and he is sticking with Apple (AAPL-NASDAQ) and Research-in-Motion (RIMM-NASDAQ). This is a bit different than the prior Apple stregy that was more of a sell the news for a trade. He is also positive on Google (GOOG-NASDAQ); and he is still positive on Level 3 (LVLT-NASDAQ) as one of the best plays out there in tech because we’ll be out of bandwidth in a year. He thinks that you can put half of your positions on in tech, mainly incase there are any downward pressures after July earnings. Lastly, Cramer still thinks the market is cheap and much of the tech stocks are still very cheap compared to growth rates.
This is all a sort of follow-on to the New 4 Horsemen of Tech that he had previously noted.
Jon C. Ogg
July 5, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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