Media
Cramer's Mobile Web & Digital TV Stocks (AAPL, RIMM, PALM, QCOM, ADI, BRCM, MRVL, RFMD, SNDK, STAR, SWKS, TXN, RSH)
Published:
Last Updated:
If you are a fan of and an investor in the mobile web via smartphones and portable devices, then you do not even have to be a dedicated fan of Jim Cramer to become a fan of Jim Cramer for at least the time being. On tonight’s MAD MONEY on CNBC, Cramer endorsed this move to the mobile web as the next investor opportunity as huge opportunity for many companies in the space. But he also noted that he wants to buy the tech companies on pullbacks as he thinks the market for technology stocks is taking a little breather here. Cramer believes that there is room for all of these major companies to make major cash as a result of the switch to newer and fast smartphones and mobile web devices. He thinks there is room for all companies like Apple Inc. (NASDAQ: AAPL) for the iPhone, Research in Motion (NASDAQ: RIMM) for the Blackberry, and Palm Inc. (NASDAQ: PALM) for the new Pre smartphone. He also noted QUALCOMM Inc. (NASDAQ: QCOM) as a winner in the space.
Other companies Cramer noted as all having a large opportunity ahead are as follows:
- Analog Devices Inc. (NYSE: ADI)
- Broadcom Corp. (NASDAQ: BRCM)
- Marvell Technology (NASDAQ: MRVL)
- RF Micro Devices Inc. (NASDAQ: RFMD)
- SanDisk Corp. (NASDAQ: SNDK)
- Starent Networks, Corp. (NASDAQ: STAR)
- Skyworks Solutions Inc. (NASDAQ: SWKS)
- Texas Instruments Inc. (NYSE: TXN)
As far as a trade for the move to digital televisions this weekend, Cramer noted that Radio Shack Corp. (NYSE: RSH) is the short-term quick trade for that play into the weekend for a two-point move. We would make a note of our own here that Radio Shack has been noted by other traders for the same trade already over recent days and its stock has already risen about 5% over the last five trading sessions. That is at the same time that many tech stocks have fallen off and it has outperformed Best Buy as more of an electronics pure-play stock ahead of the digital conversion.
Jon C. Ogg
June 10, 2009
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
