Mad Money Recap
Cramer's 'Mad Money' Recap: The Fab Four of Tech
06/06/07 - 07:45 PM EDT
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There are four new "horsemen of tech" that investors can bank on to drive this market, Jim Cramer told viewers of his "Mad Money" TV show Wednesday. However, before naming these four stocks, he first called out the four "retired horsemen of tech." Intel (INTC - Cramer's Take - Stockpickr), Dell (DELL - Cramer's Take - Stockpickr), Microsoft (MSFT - Cramer's Take - Stockpickr) and Cisco Systems (CSCO - Cramer's Take - Stockpickr) have all fallen from their former days of glory, Cramer said. In 1999 and 2000, Cramer said he nicknamed the four companies "horsemen" because people felt secure with these four stocks. They made the market come alive with pleasure," Cramer said. "Even kryptonite couldn't hurt them." The companies that defined an era have since stumbled badly, he said. Intel is down 71% from its high in 2000, Dell is down 54% from its high in 1999, Microsoft is down 49% from its high at the end of 1999 and Cisco is down 67% from its high in 2000. These stocks now "have been exiled on Wall Street," Cramer said.
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