Cramer's 'Mad Money' Recap: PC Cruisers: Dell and H-P
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"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) and Hewlett-Packard (HPQ), 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.
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