Jim Cramer's Favorite Tech Stock

This components maker supplies lots of parts for Apple iPhones.
Author:
Publish date:

Jim Cramer says that if you're going to buy just one tech stock, make it components maker Broadcom (AVGO) - Get Report -- a key supplier to the latest iPhones from Apple (AAPL) - Get Report .

"I like this stock," Cramer said in an exclusive conference call with members of his Action Alerts PLUS club for investors. "I think a lot of people were really petrified that Apple's [new iPhones] are not going to have good sales. They're looking at Apple stock" -- which initially pulled back this past week following the iPhone 8 and iPhone X's release -- " and saying: 'Wow, I guess it's not going to sell well. I think that's quite wrong."

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.

More of What's Trending on TheStreet:

Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long AAPL and AVGO.