This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Can't Be Jaded on These Techs

Finally, there's Yelp, the Internet-listings company with a great deal of mobile momentum. Here's one that came public at $15 in March of 2012 and flew up to $24 on opening day. A few months later, as part of a broader June swoon, it traded below the offering price, sinking to $14. But a series of spectacular revenue-growth quarters have now powered the stock up to $52, as it is clear the company can go profitable any time it wants. The international rollout, though, is so strong that every penny should go to it. Smart, smart company.

All three of these stocks have been gigantic winners, and I think they'll continue to be so, given how well they dovetail into the trinity of social, mobile and cloud. I have to believe that LinkedIn, even as it has more than doubled this year, will be able to find buyers right at these levels for the billion offering. That's how starved managers are for the shares of fast-growing companies. The darned thing's worth $27 billion already, and all I can say is: If Microsoft (MSFT - Get Report) had bought this, instead of Nokia's (NOK - Get Report) handset division, it would have been very well received.

I know it's chic to be jaundiced and jaded. But these three stocks have defied numerous short calls and have continued to triumph. Those who felt burned during the last Internet go-around, and even felt vindicate on the blow-ups of Groupon (GRPN) and Zynga (ZNGA) -- or the Facebook (FB) IPO and its aftermath, for that matter -- have to be smarting this time around. Because this time around, for the most part, they worked. They seem to continue working, too, even at these admittedly exalted levels.

At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long FB.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Our Tweets

Partners Compare Online Brokers

Top Rated Stocks Top Rated Funds Top Rated ETFs