There is a tech stock winning more than Microsoft (MSFT) - Get Report , Amazon (AMZN) - Get Report , Alphabet (GOOGL) - Get Report and Intel (INTC) - Get Report on Friday: It's Align Technology (ALGN) - Get Report .
While gaining that 16.24%, to $235.94 is impressive, many may not realize this $18.5 billion market-cap stock is up more than 170% over the past 12 months. This stock is up "gigantically" after its fabulous earnings results, TheStreet's Jim Cramer said on CNBC's "Stop Trading" segment.
Align is riding strong momentum in Invisalign, the company's clear, plastic aligners that help make for straighter teeth, Cramer noted. Shipments grew near 33% in the quarter.
Align earnings of $1.01 a share smashed expectations of 81 cents and grew more than 60% year over year. Sales of $385 million also came in well ahead of consensus expectations and expanded by nearly 40% year over year.
- Allergan Is the Cheapest Big-Cap Drug Stock in the Universe: Jim Cramer
- Celgene's Stock Is Getting Absolutely Torched -- Don't Panic, Yet
Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, says there are three themes that continue to dominate: Data center (which can be seen in numerous tech earnings), the on-demand economy or getting "what you want when you want it" and of course, his favorite, the selfie.
It's incredible what the Apple (AAPL) - Get Report iPhone has done, he reasoned. Facebook's (FB) - Get Report Instagram has become so important, especially as younger users constantly want to look good on their social media platforms. It goes beyond makeup, though, as selfie-takers want straight teeth; they want to look as good as possible, Cramer concluded.
Hence, that's why Align Tech is doing so great.
Apple, Facebook, Allergan and Alphabet are holdings in Jim Cramer'sAction Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL, FB, AGN or GOOGL? Learn more now.
More of What's Trending on TheStreet:
- Jeff Bezos Is Once Again the World's Richest Person Thanks to Amazon Beat
- Billionaire Ken Fisher Reveals the Stocks to Own in This Bull Market
- Nvidia Is on Track to Post 110% Stock Price Surge Thanks to GTX Launch
- Tesla Model 3 Sales Caution Sends Stock Tumbling
- In Your 60s: Refi or Reverse Mortgage?
At the time of publication, Cramer's Action Alerts PLUS had positions in FB, AAPL, AGN and GOOGL.