Former hedge fund chief, founder of TheStreet.com, and CNBC stock picker Jim Cramer chose the tech stocks he believes will make a comeback from major market sell-offs. They have been the most successful tech companies for decades, financially, and have franchises that will not have major competition for years. None carries a large risk of revenue problems. Their stock prices have an extremely low probability of staying down in a market recovery.
The list of stocks likely to recover as the markets rebound was released on his “Mad Money” TV show. They are Amazon, Microsoft, Alphabet, Tesla, Netflix, Apple, Salesforce, ServiceNow, Adobe, and Workday.
Amazon, Microsoft, Alphabet, Netflix, Tesla, and Apple have been America’s mega-cap stock for several years. Only Netflix has faced any real competition. Its streaming business has fairly new competition for Amazon, Disney, and another dozen media companies. However, it has raised rates and launched an advertising-supported service. These new business models have a reasonable chance to allow Netflix to remain the industry leader in terms of subscribers and, perhaps, revenue.
It is almost impossible that Apple will be replaced as the largest smartphone company in the world. It also is a leader in the tablet business. Just as important as these is that it has a relatively new division that combines its services business. This is Apple’s fastest-growing operation.
Despite slowing revenue in its flagship e-commerce service, Amazon.com is the leader in the sector by far. No other company is an even close rival; Walmart.com is a distant second. Amazon’s cloud business has the largest market share in the industry.
Alphabet’s Google division holds the high ground and the biggest market share in online advertising. Meta, the parent of Facebook, has flagging revenue. Amazon may pose a modest challenge in the next several years. However, Google should keep its place at the top of the sector for years.
Microsoft is the leader in personal computer operating systems, is one of the two largest game console companies, and follows only Amazon in the cloud industry.
Tesla is, and probably will be, the leader in electric-car sales worldwide. Several smaller companies have tried to edge into the business. However, most of those are short on unit sales and cash. The world’s biggest car companies want to challenge Tesla but are years behind in product development.
Cramer is almost certainly right about his list. It is made up of companies with overwhelming sales and product advantages.
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