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"A new product cycle has begun in tech, and it cannot be denied" an exuberant Jim Cramer told the viewers of his "Mad Money" TV show Wednesday.
He said there's a revolution as big as the Internet itself that investors need to get in.
Cramer said the move towards the wireless Internet via smartphones and other gadgets is now in full swing, as devices move from being luxuries to necessities. These devices now carry our entire lives, including contacts, cameras, email, Internet, media, GPS, entertainment and much more, he said.
According to Cramer, the move to a mobile Internet is a tide that will lift all boats, starting with the leaders, including
Research In Motion
( RIMM) and
( PALM). The market is not saturated, said Cramer, adding there is room for all of these players.
Cramer said he also sees the swell of wireless Internet to spread to the component makers, companies like Cramer favorite
, a stock which Cramer owns for his charitable trust,
Action Alerts PLUS, and the maker of components in smart phones and in
Kindle e-book reader.
Cramer also sees strength coming in other parts makers, like
, among many others.
Under $75 a share, Cramer said he would rebuild a position in Research In Motion, and would use weakness in any of these other names to rebuild positions there as well. "You cannot miss this move," said Cramer.
Digital TV Fears
Investors looking to cash in on the upcoming digital TV transition Friday should consider buying the worst of breed stock of
, Cramer told viewers.
According to Cramer, there's a panic coming this weekend for the one in 10 Americans who haven't yet converted to digital TV. He said this panic will give a short term windfall to Radio Shack for people looking for quick help to electronic problems.
Cramer said the estimates of Wall Street analysts are too low for Radio Shack and don't account for this coming surge. He predicts these analysts will raise their numbers for the company by Tuesday, giving the stock a quick boost higher.
Cramer said this trade only works under $15 a share, and advised viewers to use limit orders when purchasing. Further, he said if the bump in the estimates for the quarter don't occur by Tuesday, investors need to cut and run, as there is no long term case for owning the worst of breed Radio Shack.
Wall of Shame
After carefully weighing viewer nominations for his "Wall Of Shame" list of the worst CEOs, Cramer decided against adding the CEOs of
( KFT) and instead chose Lewis Campbell, CEO of
as the next addition to the Wall of Shame.
Since taking over the company in July 1998, Campbell has overseen the shares of Textron fall 69%, from $36 to just $11 a share. The company's financing division continues to cripple the company, said Cramer, causing it to recently issue both additional stock, and debt, after buying back over 15 million shares of its own stock last year at substantially higher prices.
Am I Diversified?
Cramer spoke with callers about their portfolios to see if they have what it takes. The first caller's portfolio included
Advanced Micro Devices
Smith & Wesson
. Cramer blessed this portfolio as diversified.
The second caller's top holdings included
Nordic American Royalty Trust
Nordic American Tanker
Cramer said this portfolio was too tilted to financials and recommended making a few changes.
Cramer was bullish on
He was bearish on
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At the time of publication, Cramer was long Qualcomm.
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."
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