Flextronics International Ltd. (NASDAQ:FLEX), Intel Corporation (NASDAQ:INTC), Microsoft Corporation (NASDAQ:MSFT) are among the top tech stock picks of Jim Cramer. Cramer has placed his bets on these stocks for tech industry investments.
While talking about Flextronics International Ltd. (NASDAQ:FLEX), Cramer said, “This stock should go higher.” It was in the Lighting Round of the Mad Money show of Jim Cramer and he mentioned the upcoming promising trends in consumer technology industry. He further added that when the company itself is buying more stocks and so the investors should do the same. The stocks of Flextronics International Ltd. (NASDAQ:FLEX) are trading at $11.04 with current P/E ratio of 13.35.
Intel Corporation (NASDAQ:INTC) is another stock in the favorite tech picks of Jim Cramer and while talking about the latest quarterly results of the company, Cramer said, “It was not [weak]. We’re looking at [Intel] as a PC company; it’s much more than that.” He also favored the CEO of Intel Corporation (NASDAQ:INTC) adding that he is reinventing the company. In addition to it, the company itself said that this isn’t the best quarter of the year and the chipmaker should do well in future. Cramer mentioned Intel Corporation (NASDAQ:INTC) earlier in the Lighting Round of his Mad Money show.
Microsoft Corporation (NASDAQ:MSFT) is the third tech stock pick of Jim Cramer and he said that Satya Nadella, CEO of Microsoft, would keep on generating value for the shareholders of the company. In addition to it, Cramer mentioned this stock in his good books at the start of the week and said that he would expect better things from the company. Microsoft Corporation announced it second quarter 2015 financial results on January 26, 2015 with lower than expected profits and the stock of the company fell nearly 5 percent post the announcement.
This article has been written by Prakash Pandey.