"Over the next few months, there is just a huge amount of money to be made owning technology stocks ... and I don't want you sitting on the sidelines," Jim Cramer told viewers of his "Mad Money" TV show Wednesday. Tech, like few other sectors, performs when the calendar says it will, he said. With the back-to-school and holiday seasons coming up, the products that technology companies sell are or will soon be in huge demand. And if people wait to buy these stocks in the fall, they will surely miss out on a big part of the move, Cramer said. Tech companies are "brimming with cash," he went on. They are buying back stocks and are in a great financial state. Right now, PC makers Dell ( DELL) and Hewlett-Packard ( HPQ), which Cramer owns for his charitable trust,
Wade Into RiverbedRiverbed Technology ( RVBD), Cramer told viewers, is a speculative tech stock he likes. Although this stock is up, Cramer said, he is still confident that Riverbed has room to go even higher. The company, he said, has been "coining money" off its WAN optimization technology, and its Steelhead line of appliances saves its customers bandwidth. However, before market players think of buying Riverbed, Cramer said he wants them to understand that the stock is a hard one to trade, which is why he's advising people to invest in it -- not trade it. Although he does believe that Riverbed is a buy, Cramer wants people to be prepared for the probability that the stock might swing on earnings. "If you're up for some risk, consider putting half down on Riverbed," and focus on its long-term story, Cramer said. "Don't let the volatility around its quarter scare you." "Riverbed is the poster child for paying up for best of breed," he added. Although it's not cheap, it is worth the money. "Great high-growth stocks with great momentum are hardly ever cheap," Cramer said.
Am I Diversified?During the "Am I Diversified?" game, Cramer's first caller named the following five stocks: Apple ( AAPL), BP ( BP), Disney ( DIS), Kohl's ( KSS) and Starwood Hotels ( HOT). This is "perfect diversification," Cramer said. However, he said he prefers Wyndham ( WYN) to Starwood, J.C. Penney ( JCP) to Kohl's and Time Warner ( TWX) or Discovery ( DISCA) to Disney. The second caller asked if he was diversified with these five plays: Volvo ( VOLV), Nordic American Tanker ( NAT), Bank of America ( BAC), Cisco ( CSCO) and Nokia ( NOK). Cramer called out a tech pair in Cisco and Nokia and suggested that the caller sell Nokia and buy a health care stock instead.
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Lightning RoundCramer was bullish on Freeport-McMoRan ( FCX), Celgene ( CELG), Schlumberger ( SLB), Bank of America ( BAC), Citigroup ( C), Hologic ( HOLX), Dominos Pizza ( DPZ), Tata Motors ( TTM), Accenture ( ACN), Trinity Industries ( TRN), Leucadia National ( LUK), Brookfield Asset Management ( BAM), Nike ( NKE), Caterpillar ( CAT) and Terex ( TEX). Cramer was bearish on Human Genome Sciences ( HGSI), ING ( ING), Spartan Motors ( SPAR) and Joy Global ( JOYG). For more of Cramer's insights during the Lightning Round,
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