Two Picks for the Next Big Tech Rally
This column was originally published on RealMoney on April 13 at 2:35 p.m. EDT. It's being republished as a bonus for TheStreet.com readers.
Hard to keep a couple of stocks down:
Citrix
(CTXS) - Get Report
and
Network Appliance
(NTAP) - Get Report
. These two have real visibility, lots of new products and are integral to the next generation of software and storage. I typically don't like to buy the real highfliers because they tend to be really expensive vs. their growth rates, but these have some genuine multi-year positives going for them.
If you have ever used any of Citrix's products -- I've used its remote-access product for radio for years -- you know you have a gem on your hands. I got caught up in this stock in the 1990s when
Microsoft
(MSFT) - Get Report
was supposed to have a competitive product. I rode it all the way down, buying on the way down and when I got back to even I blew it out; I had had enough. Stupid; Mister Softee never challenged Citrix, and I believe the franchise is now unassailable.
Network Appliance is strictly
best-of-breed storage software. I haven't cottoned to this group in ages, in part because of the
Brocade
(BRCD)
slide and how hideous that was and in part because
Computer Associates
(CA) - Get Report
and
EMC
(EMC)
have bulked up in this area and it has done nothing for them. Not so Network Appliance, which I own for
Action Alerts PLUS.
Watching these two stocks bump up against their 52-week highs after a quick pit stop a point or two below, I have to believe it's a pretty strong statement of what's going to work and work big during the next big tech rally.
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At the time of publication, Cramer was long Network Appliance and Microsoft.
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