Facebook Inc (NASDAQ:FB), Google Inc (NASDAQ:GOOGL), Cisco Systems, Inc. (NASDAQ:CSCO) are the favorite stock picks of Jim Cramer in the technology industry. Cramer has mentioned each of these stocks at least three times in the last 30 days.
Cramer has a lot of faith in Facebook Inc (NASDAQ:FB), the largest social media network, especially with its plan to invest in its recent acquisitions to generate more money in future. He mentioned Facebook at least four times in the last 30 days. Facebook Inc (NASDAQ:FB) witnessed a steep plunge in its shares after its recent quarter results when it announced elevated spending in the next fiscal year. Cramer added that investors should consider what they are looking for while spending in Facebook Inc (NASDAQ:FB).
Google Inc (NASDAQ:GOOGL) is the second favorite tech stock of Cramer and he has mentioned it three times in the last 30 days. Google Inc’s shares are trading at $545.89 and it was among one of the most sought after stock by hedge fund managers at the end of the third quarter. The search engine company is said to work on a new advertisement strategy that would rather make internet a better place with minimal adverts.
Cisco Systems, Inc. (NASDAQ:CSCO) is another favorite tech stock of Jim Cramer and he has mentioned it thrice in the last 30 days. Cramer explained the impact of net neutrality on this networking device manufacturer. He mentioned a “game, set and match situation” for Cisco Systems, Inc. (NASDAQ:CSCO) as compared to its competitors. Cramer further added that the networking company is about to make a lot of money if the networking company gets back its emerging market sales.
He further added that the shares of Cisco Systems, Inc. (NASDAQ:CSCO) might touch $30 if the service providers win along with the FCC and President Obama drops back on his net neutrality stand.
This article has been written by Prakash Pandey.