TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said for parents looking to start a portfolio for their newborn, there are a few key stocks to own. Cramer said, 'Disney (DIS) - Get Report which is down because of ESPN concerns, but will be higher by the time she's 21, she's going to be on Facebook (FB) - Get Report , which might turn out to be Instagram, but that's still Facebook. She's going to be Googling (GOOGL) - Get Report when she goes to school. She's either going to be using AT&T (T) - Get Report , Verizon (VZ) - Get Report or T-Mobile (TMUS) - Get Report . So, those are all things she may want to think about.'
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.