Technology sector is among the most active industries, especially with the World’s biggest IPO being registered against the name of an e-commerce company, Alibaba Group Holding Ltd (NYSE:BABA). Jim Cramer is technology lover and Yahoo! Inc. (NASDAQ:YHOO), Facebook Inc (NASDAQ:FB), Google Inc (NASDAQ:GOOGL) are among his top tech stock picks of the past 30 days.
Cramer mentioned Yahoo! Inc. (NASDAQ:YHOO) at least 5 times in the last 30 days and he consider Yahoo a good buy while pointing out that enterprise value of zero is a mistake. Cramer mentioned Yahoo! Inc. (NASDAQ:YHOO) as a good buy in the lighting round of his shows saying, “Yahoo is without a doubt one of the best buys in this market. It is going to get a lot of money out of the Alibaba IPO, and management is going to do good things with it. Yahoo is a good steward of capital.” Cramer mentioned Yahoo multiple times as a good option to invest in the Alibaba Group Holding Ltd (NYSE:BABA) IPO.
Facebook Inc (NASDAQ:FB) was on Cramer’s list of top tech stock picks and he mentioned it three times during the same period. Cramer suggested investors to keep a close look at Facebook in the light Alibaba IPO and while talking about Facebook Inc (NASDAQ:FB)’s advertising potential, Cramer said,
“Remember when we used to say, ‘Half the people read the advertising. We just don’t know which half? Well, 100 percent of people read the advertising. We know exactly who they are: the people on Facebook.”
Cramer suggested that the temporary decline in prices is in light of Alibaba Group Holding Ltd (NYSE:BABA)’s IPO and investors should return to Facebook Inc (NASDAQ:FB) afterwards.
If there is a stock that Cramer has admired for over a decade, its Google Inc (NASDAQ:GOOGL). Cramer suggested investors to get advantage of the slightly lower prices in the light Alibaba Group Holding Ltd (NYSE:BABA)’s IPO and buy Google Inc (NASDAQ:GOOGL) at great price. Cramer used the insights from Ed Ponsi, Barchetta Capital Management, in suggesting Google a Buy with $570 as the best entry point for new investors.
This article has been written by Prakash Pandey and edited by Serkan Unal.