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Jul.23
6:51 PM ET
Thursday, 23 Jul 2009
Cramer: Apple to Reach $200?

The Nasdaq on Thursday registered its 12th straight day of gains, and Cramer thinks he knows why.

“Washington doesn't care about tech,” the Mad Money host said.

While hosts of companies operating in health care, energy and defense face the ire of President Obama’s administration, the tech sector has managed to escape the White House’s attention.

And why not? Tech companies don’t boost Medicare costs, they don’t pollute, and they don’t sell products to the government that increase the deficit. Even better: Most likely no one on the Naz needs a bailout. It’s this air of safety that recently has attracted the big money on Wall Street.

Cramer has liked tech for the past few months now, citing low chip inventories, a new mobile Internet-based product cycle and way-too-low valuations. But a run as sustained as this must have an even bigger driver, and Cramer thinks it’s Washington’s blessing by omission.

Tech earnings aren’t vulnerable to statements from the Oval Office, or the House Speaker’s office for that matter. That’s why Apple [AAPL  Loading...      ()   ], Intel [INTC  Loading...      ()   ], Cisco Systems [CSCO  Loading...      ()   ], Google [GOOG  Loading...      ()   ] and Oracle [ORCL  Loading...      ()   ] have done so well. In fact, Cramer thinks that Apple could hit $200 in the next few months, calling it "the most immune-to-Washington stock I can find."

The semiconductor firms and software companies have been enjoying the same run. And while Amazon.com [AMZN  Loading...      ()   ] may have reported a disappointing quarter, Cramer urged viewers to consider buying this “non-Washington halo” of stocks if the Nasdaq is down Friday as a result.

This is a multiyear trend directly related to Obama, Cramer said. So it “could last three and a half years.”





Cramer's charitable trust owns Cisco Systems.

Call Cramer: 1-800-743-CNBC

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