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Cramer's 'Mad Money' Recap: The Four Tech Horsemen Ride Again

10/05/07 - 08:25 PM EDT

TheStreet.com Staff

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


The four horsemen of tech are riding higher, Jim Cramer told viewers of his "Mad Money" TV show Friday.

Research In Motion (RIMM - Cramer's Take - Stockpickr), Amazon.com (AMZN - Cramer's Take - Stockpickr), Apple (AAPL - Cramer's Take - Stockpickr) and Google (GOOG - Cramer's Take - Stockpickr), are up 45% on average since he grouped them together, Cramer said.

RIM is up more than 100%, breaking a new record after a monster quarter, Cramer said. Apple is at a new high, and Amazon and Google are very close to their respective highs as well.

While it's good to own these four horsemen, a portfolio needs more than tech, Cramer said. He told viewers that next week they should buy $80 stocks. But not just any $80 stocks, he said, $80 stocks that should go to $120.

In a bull market, Cramer believes that $80 stocks usually reach $100, and most go all the way to $120.

Earlier this year, he recommended stocks based on this $80-to-$120 thesis. But at that time, Cramer said, "the bull market was on the ropes," and the thesis didn't hold up. "The stocks got damaged as the market fell apart."

Now that the bull market is back, it's the "perfect time" to buy Boeing (BA - Cramer's Take - Stockpickr), Air Products (APD - Cramer's Take - Stockpickr), Terex (TEX - Cramer's Take - Stockpickr), Energizer (ENR - Cramer's Take - Stockpickr), Caterpillar (CAT - Cramer's Take - Stockpickr) and ConocoPhillips (COP - Cramer's Take - Stockpickr), the last two of which he owns for his charitable trust, Action Alerts PLUS, Cramer said.

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At the time of publication, Cramer was long Caterpillar and ConocoPhillips.

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,


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