"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.
Digital TV FearsInvestors looking to cash in on the upcoming digital TV transition Friday should consider buying the worst of breed stock of Radio Shack ( RSH, 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 ShameAfter carefully weighing viewer nominations for his "Wall Of Shame" list of the worst CEOs, Cramer decided against adding the CEOs of Chesapeake Energy ( CHK and Kraft ( KFT and instead chose Lewis Campbell, CEO of Textron ( TXT 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.