Now is the time to invest in technology stocks, Jim Cramer said, because the sector is bottoming out.
The “Mad Money” host said the sector won’t likely see a V-shaped bottom with an ultra-fast rebound. Tech is, however, primed for a U-shaped bottom, despite a tough market environment and sluggish economy. In the last nine of 10 years, tech has bottomed and begun to inch higher between mid-September and late October. Business is typically slow in the summer months, but picks up in the fall when: 1) gadgets are built ahead of the holiday shopping season; and 2) businesses or government agencies are forced to spend money on information technology equipment by year-end, or risk losing the money from their budgets.
Click ahead for 10 stocks that Cramer says have hit bottom.
By Drew Sandholm
Posted 26 October 2011
Note: When this slideshow was published, Cramer's charitable trust owned Apple, EMC, and Juniper Networks.