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Stop Trading!: Apple's Next Big Thing
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Two of Cramer’s original Four Horsemen of Tech are back and among the few bright spots in the broader tech sector, he said on his appearance on Monday’s Stop Trading!.
Cramer expects that Apple [AAPL
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] is about to be at the crux of another technological sea change with its iChat feature that comes standard on new Macintosh computers, he said. He thinks the technology, which allows users to communicate visually over the Internet, is going to be to instant messaging what the iPod was to the Walkman. The analysts are late on this, as they often are with recognizing the next big thing in tech, because they don’t use the product, he said.
Apple also has the iPhone, which is big and just getting bigger. Cramer said he expects the next generation of the iPhone to be “game, set, match” for Apple’s mobile handset competitors.
But that shouldn’t stop Research In Motion [RIMM
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], he said, lauding the smartphone maker’s most recent quarter. “If [RIMM] reported that quarter today, it’d be at $150.”
Briefly touching the pharma sector, Cramer recommended Merck [MRK
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] off its “great” conference call. Once again, the analysts are too negative on this stock, he said.
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