Cramer's 'Mad Money' Recap: PC Cruisers: Dell and H-P

Stock quotes in this article: DELL , HPQ , AAPL , RVBD , WSII , CVX , CSCO  

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


"Over the next few months, there is just a huge amount of money to be made owning technology stocks ... and I don't want you sitting on the sidelines," Jim Cramer told viewers of his "Mad Money" TV show Wednesday.

Tech, like few other sectors, performs when the calendar says it will, he said. With the back-to-school and holiday seasons coming up, the products that technology companies sell are or will soon be in huge demand.

And if people wait to buy these stocks in the fall, they will surely miss out on a big part of the move, Cramer said.

Tech companies are "brimming with cash," he went on. They are buying back stocks and are in a great financial state. Right now, PC makers Dell (DELL Quote) and Hewlett-Packard (HPQ Quote), which Cramer owns for his charitable trust, Action Alerts PLUS, are in the "sweet spot," he said.

Both are near their 52-week highs, but "big gains" are still in the future in the next three months, he said. Cramer said that he still considers H-P "criminally cheap" and that even though Dell may seem expensive, its growth rate should accelerate.

The PC industry is doing better than expected, and with price wars going on between the component makers, these PC companies' raw costs have never been cheaper, he said.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,058.64 1,070.52 2,150.87 36.33
Oil *
72.02
UP
150.25
UP
13.78
UP
24.82
UP
0.41
10 Yr
3.63%
SPDR Gold
105.45
+1.52%
+1.30%
+1.17%
+1.14%
Data delayed 20 minutes

More From TheStreet

Latest Headlines
  • Top Rated Stocks from TheStreet Ratings
  • Find returns with the Dividend Calendar

Brokerage Partners

TheStreet Premium Services

All Services