Apple Inc. (NASDAQ:AAPL), Alibaba Group Holding Ltd (NYSE:BABA), and Celgene Corporation (NASDAQ:CELG) are among the top stock picks of Cramer with each of these being mentioned at least four time in the last 30 days.
The iPhone maker is the top recommendation from Cramer and he has recommended Apple Inc (NASDAQ:AAPL) five times during the last 30 days. Cramer suggested buying stocks with clear catalyst during these economic conditions stating, “So what fits? How about Allergan (AGN) and Apple (AAPL),” and he further mentioned the favorable conditions for Apple after its successful iPhone 6 launch.
Adding more about the latest product launch from Apple Cramer said, “All the carriers will feel the heat to make deals with Apple, favorable deals that will help Apple’s bottom line.” Further the fed policies promoting a consumer-friendly environment prompted Cramer to favor Apple saying, “Why not own some Apple, it’s much cheaper than the average stock,” and he further added that current policies would help improve disposable income of average consumer helping Apple Inc (NASDAQ:AAPL)’s products.
After creating history with the biggest IPO ever in the world, Alibaba Group Holding Ltd (NYSE:BABA) has stabilized at mid 80s range and Cramer consider it a buy at this level. Alibaba Group Holdings Ltd (NYSE:BABA) was in Cramer’s Mad Money buy list on October 3, 2014. He recommended the stock for three times in the last 30 days making it an optimal deal at its current price.
Cramer mentioned Celgene Corporation (NASDAQ:CELG) at least four times during the last 30 days and he said on Mad Dash that the stock is not done going higher and praised the current CEO of the company, Robert J. Hugin. Cramer listed Celgene in his second portfolio under the “Am I diversified?” segment of the show. When talking about Gilead Sciences, Inc. (NASDAQ:GILD during the lighting round, Cramer said, “I think that Gilead is good. I prefer Celgene (CELG), though.”
This article has been written by Prakash Pandey.