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Media

Cramer’s Mobile Web & Digital TV Stocks (AAPL, RIMM, PALM, QCOM, ADI, BRCM, MRVL, RFMD, SNDK, STAR, SWKS, TXN, RSH)

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By Douglas A. McIntyre Updated Published
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If you are a fan of and an investor in the mobile web via smartphones and portable devices, then you do not even have to be a dedicated fan of Jim Cramer to become a fan of Jim Cramer for at least the time being.  On tonight’s MAD MONEY on CNBC, Cramer endorsed this move to the mobile web as the next investor opportunity as huge opportunity for many companies in the space.  But he also noted that he wants to buy the tech companies on pullbacks as he thinks the market for technology stocks is taking a little breather here.  Cramer believes that there is room for all of these major companies to make major cash as a result of the switch to newer and fast smartphones and mobile web devices.  He thinks there is room for all companies like Apple Inc. (NASDAQ: AAPL) for the iPhone, Research in Motion (NASDAQ: RIMM) for the Blackberry, and Palm Inc. (NASDAQ: PALM) for the new Pre smartphone.  He also noted QUALCOMM Inc. (NASDAQ: QCOM) as a winner in the space.

Other companies Cramer noted as all having a large opportunity ahead are as follows:

  • Analog Devices Inc. (NYSE: ADI)
  • Broadcom Corp. (NASDAQ: BRCM)
  • Marvell Technology (NASDAQ: MRVL)
  • RF Micro Devices Inc. (NASDAQ: RFMD)
  • SanDisk Corp. (NASDAQ: SNDK)
  • Starent Networks, Corp. (NASDAQ: STAR)
  • Skyworks Solutions Inc. (NASDAQ: SWKS)
  • Texas Instruments Inc. (NYSE: TXN)

As far as a trade for the move to digital televisions this weekend, Cramer noted that Radio Shack Corp. (NYSE: RSH) is the short-term quick trade for that play into the weekend for a two-point move.  We would make a note of our own here that Radio Shack has been noted by other traders for the same trade already over recent days and its stock has already risen about 5% over the last five trading sessions.  That is at the same time that many tech stocks have fallen off and it has outperformed Best Buy as more of an electronics pure-play stock ahead of the digital conversion.

Jon C. Ogg
June 10, 2009

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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