This Company Can't Wait for the Next Generation of Computer Chips to Arrive
Jim Cramer says Facebook (FB) - Get Meta Platforms Inc. Class A Report and Alphabet (GOOG) - Get Alphabet Inc. Class C Report , (GOOGL) - Get Alphabet Inc. Class A Report are "incredibly cheap" stock given their long-term prospects, and he likes Broadcom (AVGO) - Get Broadcom Inc. Report in the tech space as well.
"We like our technology very much here and think people continue to underestimate our holdings," Cramer said in an exclusive call with members of his Action Alerts PLUS club for investors.
The Action Alerts PLUS portfolio, which Cramer runs as a charitable trust, owns all three stocks -- and Cramer says he's happy to have them as holdings.
"Facebook's incredibly cheap on the 2018 numbers, [but] t's not as cheap as Alphabet, which has so much going for it," the stockpicker said. "I would buy [Alphabet] here and [Facebook] if it ever fell 5% to 8%, which is my preferred place to buy very hot stocks that come in."
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As for Broadcom, Cramer said he favors that stock "for all of its next generation chips for communications -- and for the outstanding stewardship of [CEO] Hock Tan, who always gets the best out of a deal."
Want to join in on Jim's monthly conference calls? Click here for a free 14-day trial subscription to Action Alerts PLUS and hear all of the latest call, plus get e-mails before Jim makes any trade and enjoy lots of other exclusive material.
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Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long AVGO, FB and GOOGL.
