Cramer's 'Mad Money' Recap: Safety in SanDisk's Numbers

07/23/07 - 07:38 PM EDT

TheStreet.com Staff

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


The technology sector is a "safe haven" from subprime, Jim Cramer told viewers of his "Mad Money" TV show Monday. In fact, tech should benefit from all of the worry that's afflicting the financials.

Historically people start investing in tech during the fall, but Cramer doesn't believe that people should wait. Therefore, all week Cramer is giving people his favorite tech stocks.

On Monday, he named SanDisk (SNDK Quote - Cramer on SNDK - Stock Picks) as his tech winner.

With back-to-school and holiday sales coming up, there is huge upside potential at SanDisk, Cramer said. People buy computers every fall and before the holidays, but manufacturers start building their products in August, he explained.

And what does a computer company that builds computers need? Cramer asked. Computer parts. That is why he believes that people should consider getting into SanDisk now. "If you wait, you will miss the big move," he Cramer told viewers.

Another reason to get into SanDisk is that it makes flash technology, the "hottest" product in tech right now, he said. SanDisk is the world's largest supplier of flash data-storage-card products.

Flash had yet to seem reliable enough to be the No. 1 way to store digital information -- until last week, when it finally emerged as better than hard drives, Cramer said.

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