Posted on Jun 6th, 2007 with stocks: AAPL, AMZN, CSCO, DELL, GOOG, INTC, MSFT, RIMM Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Click on a stock ticker for more analysis: INTC), Dell (DELL), Microsoft (MSFT), and Cisco Systems (CSCO), Research In Motion (RIMM), Amazon.com (AMZN), Google (GOOG) and Apple (AAPL) Cramer says his "four horsemen" of tech: INTC, DELL, MSFT, CSCO, are finally stumbling and need to be replaced with four new horsemen. From 2000 until now, Cramer thought "Even kryptonite couldn't hurt" these super stocks, but now INTC is down 71% and Cisco has declined 67% from their high points in 2000, while Dell is down 54% and MSFT is down 49% since 1999.
Cramer named four new tech stocks which can be owned even in the summertime: RIMM, AMZN, GOOG and AAPL. RIMM is the "undisputed winner of the handheld" and is making headway in Latin America. Google "owns search" is voraciously "destroying everything in its path," and although it has gone up, Cramer says his prediction that it will reach $600 is conservative.
While there are many imitators, Amazon "has the mechanics to dominate for years," since it is tech and a retailer rolled into one. Cramer wouldn't buy Apple right now, but would sell it as it goes up and would buy it after the iPhone release. Apple controls the MP3 market with iPod and is moving into phones; "It's an aspirational brand," said Cramer.
Special Guest: actor Michael Chiklis on Rite Aid (RAD) Mad money fan and actor Michael Chiklis, who appears in and the upcoming film, Fantastic Four: Rise of the Silver Surfer thanked Cramer for recommending RAD, which has made Chiklis money. Chiklis stressed the importance of doing homework before buying a stock. Also, if a stock is too high, he said to "Schnitzel .
.. I've read the book.
" Blake Morphis evaluates RAD in light of Cramer's bullishness. summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and his Wall Street Confidential Picks. Get Cramer's Picks by e-mail -- it's free and takes only a few seconds to sign up.
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