TheStreet.com TV Recap: Three Tech Horsemen Bear Gifts

The holiday season is shaping up nicely for Apple, Research In Motion and Google, Cramer says.
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The three horsemen of tech,

Google

(GOOG) - Get Report

,

Apple

(AAPL) - Get Report

and

Research In Motion

(RIMM)

, all have extraordinary fundamentals and should be owned here, Jim Cramer said on TheStreet.com TV's Wall St. Confidential Web video Thursday.

Both Apple and Research In Motion are having an "unbelievable" Christmas, he said. Plus, Google is doing great.

Amazon

(AMZN) - Get Report

, because it sells games and because people don't like to go to the mall, is having a good Christmas, as well, Cramer added.

Garmin

(GRMN) - Get Report

also is having a "gigantic" holiday season.

"The

Nasdaq

primarily bounces because the hedge funds are there, because it is tech and it has very little to do with subprime," Cramer explained. "At a certain point that's going to switch, when we're at the bottom of the financials."

However, right now mutual fund managers want to show that they knew about the iPhone, Blackberry and the fact that Amazon is having a big holiday season.

Money is also coming back into a lot of the chip stocks for now, but Cramer said he doesn't like those stocks as much.

"What I would tell people to recognize is that you must own the ones that are the hottest," he said. For Research In Motion, Cramer said he would go out to February or March and "buy calls that are 10 or 15 points in the money." For Google, people should go 20 points in the money, and the same thing for Apple, he said. "Then every time they spike, maybe sell a little common against them."

For the home gamers who are wondering what he means, Cramer said he's talking about a thing called stock replacement, "which is that if people want to keep cash on the sidelines, they should go and look at options."

For example, for Google, say people look and see February 600s for $100, he said. "You buy those on the way down and as they fly back up, you can sell common and as the market comes down you can cover the short."

"These are the stocks that must be owned if you want to show you knew what you were doing and that's why they're going to rally between here and year-end," Cramer said.

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