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Jim Cramer's Stop Trading! Happy With Akamai

 

Jim Cramer "thinks the world" of Akamai (AKAM), he said Wednesday on CNBC's "Stop Trading!" segment.

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Cramer said the streaming video play is a "favored nation tech stock" and one he'd be buying even as the rest of the market comes in ahead of earnings season. Cramer called quarterly profit report time, due to start in earnest Monday, "the hardest time to make money" and said investors should consider trimming positions that have gained in recent months ahead of the frenetic action.

Looking at his own charitable portfolio, Cramer said he's getting out of Johnson & Johnson (JNJ) ahead of what he expects to be a lackluster quarter but holding onto Goldman Sachs (GS), which he treasures for its P/E ratio of 8.

Cramer also likes World Wrestling (WWE), calling it an "international growth story" with "great yield." Cramer said the dividend "keeps a bottom on the stock" and that he sees 2 or 3 points of upside from the recent $17.

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At the time of publication, Cramer was long Goldman.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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