TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer is fond of tech names like IBM (IBM - Get Report)  and Apple (AAPL - Get Report)  over Cypress Semiconductor  (CY - Get Report) . He points to other names like Facebook (FB - Get Report)  and Alphabet (GOOGL - Get Report)  as other hot names in technology. Shares of Cypress lost 11.7 percent since the start of the year. Apple, Facebook and Alphabet are holdings of Cramer's charitable trust, Action Alerts PLUS.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.