On tonight's MAD MONEY on CNBC, Jim Cramer has some names to fall back on after you have two bad tape days like this. His idea and concept is the NEW 4-Horsemen of Technology: Apple (NASDAQ: AAPL) and that was his #2 GROWTH PICK FOR 2007, Research-in-Motion (NASDAQ: RIMM), Google (NASDAQ: GOOG), and surprisingly Amazon.com (NASDAQ:AMZN). These are all the names you'll want to buy as the end of summer gets here and the techs start running. Cramer said you aren't necessarily supposed to buy them all here.
The four retiring Horsemen of Tech are Microsoft (NASDAQ: MSFT), Intel (NASDAQ: INTC), Dell (NASDAQ: DELL), and Cisco Systems (NASDAQ: CSCO). These were the leaders of the 1990's but are still down huge from their highs back in the bubble-days. Cramer said he likes Dell (NASDAQ:DELL) still and he still likes Cisco Systems (NASDAQ: CSCO), although it's odd he was sort of negative with that being his #3 GROWTH PICK FOR 2007. He thinks Microsoft is sort of a 'don't buy" and he thinks Intel has lost its way.
The ones being booted were easy to tell, although they aren't necessarily dead per se. It was a bit surprising to see Amazon.com here since Cramer has only recently been endorsing it again after a long, long time of bludgeoning it as overvalued and not doing well. All of these others are technology plays that Cramer keeps talking about almost day in and day out. In fact, when Cramer gave the title of his of series for tonight I knew what 3 of the 4 new ones would be because he talks about these all the time (with Amazon as the unknown 4th spot). It is probably also worth noting that these may be the next go-to names, but there are probably 10 other stocks that might only be emerging that have not yet made the runs that these others have.
Jon Ogg is a partner in 24/7 Wall St., LLC and can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.
Cramer's new 'Four Horsemen of Tech'
Posted Jun 6th 2007 7:40PM by Jon Ogg
Filed under: Google (GOOG), Microsoft (MSFT), Apple Inc (AAPL), Cisco Systems (CSCO), Dell (DELL), Amazon.com (AMZN), Intel (INTC), Research in Motion (RIMM)
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Reader Comments (Page 1 of 1)
6-06-2007 @ 8:30PM
Craig said...
Amazon is insanely overvalued at current levels. Yesterday the stock was up almost 5% (more than $1 billion in market value) becuase Bezos said the company would be investing more in its Chinese business, Joyo.com, which currently represents less than 1% of Amazon's revenue. Read more of my commentary here http://www.candidcritic.com/amazoncom-inc-amzn-insanity/2007/06/06/
6-06-2007 @ 10:15PM
Als Capital said...
Jim Cramer has a solid intuition when it comes to Google and I think that in some ways he understates the Google case. For some details, see http://mnrtrading.blogsport.com/
6-06-2007 @ 10:18PM
Als Capital said...
Jim Cramer has a solid intuition when it comes to Google and I think that in some ways he understates the Google case. For some details,
see http://mnrtrading.blogspot.com/2007/05/moats-and-sappers-microsoft-and-google.html
6-07-2007 @ 4:56AM
Michael Schneider said...
Jim Cramer has indeed been fairly correct on Google for some time- with an occasional diversion. He is on the Who Got What Right Good Call list (left side, near top) at http;//www.Barrelomoney.com for his early call on Google among others. Next to Jim Rogers, who has had a very hot hand these last few years, Jim Cramer has the most good calls of any commentator but has has also had more calls and many stock picks declined. Most recently, Jim Cramer's call on Jones Soda was added to the list. And Jim Cramer has made more recommendations in tech than any other area. The free list at http://www.Barrelomoney.com of Jim Cramer tech stock bull signs from his Lightning Rounds stands at 123. Of those, Google and Apple have been his most noteworthy good calls in tech.
6-07-2007 @ 12:04PM
steve said...
AMZN is a TECH company? Why, because they trade on the Nasdaq? Thought they were a online retailer. I quess anyone with a website is a Tech company to Cramer. AMZN is one of the worst mismanaged comapanys. Everyone has been saying this is a breakout company, they have been trading for 11 years and have done nothing but dissapoint. They have a monster online name/presence and have done nothing with it. Profit margin a 2% and a P/E at 125, there is some dirty buisness going on with this stock. Why would they get such a high valuation, what have they ever proved? Cramer and all the rest are not being honest with us on Amazon, there is a dirty little secret here. Wait for the bloodletting near earnings.
6-10-2007 @ 1:31PM
Billy West said...
Okay,
Here is a classic example of how you can make money with Jim Cramer's recommendations. JUST DO EXACTLY THE OPPOSITE OF WHAT HE RECOMMENDS. Good 'ol Jimmy boy is at it again. recommending stocks like Amazon that for whatever reason which have had an extraordinary run up and are now overvalued. Talk about getting bushwhacked on chasing a stock! Now take the other side of trade. Sell Intel? Sell Microsoft? Give me a break. These stocks have been in the cellar for quite awhile and in the opinion of several top analysts are now ready to move slowly upward if not breaking out in a major rise. I'll take the dividend on Softy and INTC and the slow appreciation of stocks that are undervalued anyday to chasing momentum plays like Jimmy boy that never seem to work out. Be wary Mr/Ms. investor or you're going to get burned with Jimmy's picks again.
6-10-2007 @ 3:15PM
Joe said...
Jim Cramer = Henry Blodgett. Same thing 7-8 years later. SEC might need to investigate Jimbo. Big pump and dump going on with Amazon
6-10-2007 @ 3:25PM
Sheldon L said...
Sunday Funnies: No Amazon answers -- just more questions
http://www.bloggingstocks.com/2007/06/10/sunday-funnies-no-amazon-answers-just-more-questions/
7-19-2007 @ 7:39PM
boo-youch! said...
Four Horse Apples is more like it!