Hot tech stocks Facebook (FB) , Apple (AAPL) and Alphabet (GOOGL) are all cheap relative to analysts' 2018-19 earnings expectations, Jim Cramer says.

"I do believe they represent the kind of high-growth stocks we need to own long term," Cramer said in a private conference call with members of his Action Alerts PLUS club for investors in early December.

Cramer owns all three names in his charitable trust.

Want to join in on Jim's monthly conference calls? Click here for a free 14-day trial subscription to Action Alerts PLUS and hear all of the latest call, plus get e-mails before Jim makes any trade and enjoy lots of other exclusive material.

This article was written by a staff member of TheStreet.

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