Cramer's 'Mad Money' Recap: The Fab Four of Tech

Click here for an archive of Cramer's "Mad Money" recaps.

---

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 - commentary - Cramer's Take), Dell (DELL - commentary - Cramer's Take), Microsoft (MSFT - commentary - Cramer's Take) and Cisco Systems (CSCO - commentary - Cramer's Take) 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.

However, even though Intel, Dell, Microsoft and Cisco are no longer the four horsemen leading the market, the idea that tech stocks can be owned and traded during dull summer days still exists, he said.

One of the most important lessons Cramer said he's learned in this business is that stocks may change but patterns stay the same.

---

At the time of publication, Cramer was long Yahoo!, Altria, Transocean and Freeport-McMoRan.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.