Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOGL) fall under the top giant stock picks from Jim Cramer. Cramer has mentioned several times in the past few days that a little decline in tech stocks and giant stocks is because of the Alibaba Group Holding Ltd (NYSE:BABA)’s IPO, as the money has to come out from somewhere for investments. These shares should be stable after the Alibaba buying spree is over.
Microsoft Corporation (NASDAQ:MSFT) has a market cap of $387.9 billion and it is in Cramer’s top giant stock list. After the 11% increase in dividend announcement from Amy Hood, CFO Microsoft Corporation (NASDAQ:MSFT), Cramer said that there is much to come in addition to the dividend increase as the CFO promised some bold action earlier. Cramer further added that this is the smallest dividend increase for Microsoft Corporation (NASDAQ:MSFT) in the past five years and he might even buy more shares of the company in future. Cramer earlier said that the company has so much going off and it can unlock value with a spinoff in near future.
Apple Inc. (NASDAQ:AAPL) has once again shown its dominance in the market by selling over 10 million pieces of iPhone 6 in the first week. Cramer said earlier to buy Apple Inc (NASDAQ:AAPL) despite of the downward rally saying, “Just own the darn thing.” He further added that Apple Inc (NASDAQ:AAPL) said that the share was sold off ahead of Alibaba Group Holding Ltd (NYSE:BABA) and it would be the perfect time for investors to get great prices.
Jim Cramer has mentioned Google Inc (NASDAQ:GOOGL) several times as one of his all-time favorite tech stock picks. He referenced Google in a similar context saying that it will stabilize after Alibaba’s IPO. Cramer referred to Ed Ponsi’s, Barchetta Capital Management, opinion and said that $570 is the right entry price for new investors.
This article has been written by Prakash Pandey and edited by Serkan Unal.