Jim Cramer has always been a fan of technology companies and his latest tech stock picks include Facebook Inc (NASDAQ:FB), Google Inc (NASDAQ:GOOGL), and Yahoo! Inc. (NASDAQ:YHOO). He has mentioned each of these stocks at least 3 times during the last 30 days.
Facebook Inc (NASDAQ:FB) somewhat surprised as well as annoyed the investors with its five-year spending plan leading to a downward rally. However, Cramer says that this spending-plan will boost huge gains and revenue streams for the company in the upcoming years. Cramer was bullish on the current outlook of Facebook Inc (NASDAQ:FB). While talking about both Facebook and Google Inc (NASDAQ:GOOGL),
“[…] When you hear that the growth of advertising has gone online, it’s really no. It’s going to Facebook Inc (NASDAQ:FB) and Google Inc (NASDAQ:GOOGL). Don’t confuse online. It goes to Facebook and Google. Facebook has been able to go toe to toe with Google, which is amazing given that Google is a monopoly […]”
Cramer was bullish over Google Inc (NASDAQ:GOOGL)’s outlook and while talking about the search giant, he said that the company had cheapest growth. He agreed with the analysis of Carolyn Boroden who saw Google’s floor in $495 to $509 range with a cautious outlook in the shorter term.
Cramer mentioned Yahoo! Inc. (NASDAQ:YHOO) three times in the past 30 days and he predicted higher value for its stock because of the growth in Alibaba Group Holding Ltd (NYSE:BABA). Cramer was all praise for the CEO, Marissa Mayer, saying that the CEO brought the company successfully out of its transition period and indicating some potential acquisitions in front of the company. He further opposed the unreasonable condemnation of the Yahoo! Inc. (NASDAQ:YHOO)’s CEO adding that the stock of the company has tripled from the time she overtook the post.
This article has been written by Prakash Pandey.