Cramer Keeps Riding Growth, Particularly R-I-M (RIMM)

Stock Tickers: RIMM, AMZN, NVDA, GLW, GOOG, LVLT, CROX, UA, CIEN

On tonight’s MAD MONEY on CNBC, Cramer said you don’t need to worry about next week: You need a roadmap for six months.  Growth is back, and growth stocks are the ones that will keep running. Research-in-Motion (RIMM) blew out estimates, ran $30, and then ran another $15….AND STILL HAS LEGS.  Cramer said tech is just now starting to hit its seasonal sweet spot.  You have to pay up for growth stocks, and "the next R-I-M is…..R-I-M."  American Tech stuck a $300 target on R-I-M.

He’s sticking with his 4 Horsemen of Tech, and though he said once that he thought Apple would sell off he said he IS behind it and said it is going to $150.00.  Others he is noting right now: NVIDIA (NVDA), Corning (GLW), Amazon.com (AMZN), Level 3 Communications (LVLT), Ciena (CIEN), Oracle (ORCL), Under Armour (UA), and Crocs (CROX).

Jon C. Ogg
July 6, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.