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NEW YORK (
TheStreet) -- "When the market sells off, you need a long term thesis to fall back on," Jim Cramer told viewers of his "Mad Money" TV Show Wednesday.
He said whether the markets are engaged in a routine pullback or are catching a cold from half way around the world, investors need to stick with the stocks they know are working.
Such is the case today, he said, when not even a Republican win in Massachusetts could save the markets from Chinese economic policies. But regardless of the headlines, Cramer said investors need to always focus on the future, and he found the future in an article in the
The New York Times.
Cramer said the article entitled "If Your Kids Are Awake, They're Probably Online," is yet another bit of research that confirms his "mobile Internet tsunami" thesis that digital media and smartphones will be a bigger revolution than the Internet or PCs.
Cramer said the world is on the cusp of a new way to live, a world where everyone is always connected, and can consumer digital media, whether it be news, music or TV, anywhere they are. He said the number of stocks benefitting from this trend are almost as limitless as are the possibilities of a digital future.
Apple(AAPL), a stock which Cramer owns for his charitable trust,
Action Alerts PLUS
, still remained his favorite stock in the group.
He said that he expects to hear good things from
Google(GOOG) when it reports later this week, but the stock will likely be overshadowed by its on-going battle with China. Cramer also gave the nod to game maker
Electronic Arts(ERTS) for its social-gaming initiatives.
Cramer ran through a laundry list of other names, including
Amazon.com(AMZN), along with stocks from networking to chips to cell towers like
Cisco(CSCO), another Action Alerts Plus name,
Skyworks Solutions(SWKS) and
American Tower(AMT). All, he said, will be big players in the new digital landscape.