While Wall Street reacted to the Federal Reserve’s latest statement about interest rates and the economy, Cramer urged investors to focus on something not tethered to a US recovery: the mobile Internet.
“This trend is bigger than the Fed,” the Mad Money host said, “because it’s not domestic.”
There is speculation that China Unicom ordered 5 million Apple iPhones, Cramer said. The order, which is close to the total units sold here in the States last quarter, is related to China’s $40 billion wireless infrastructure build-out.
Right now Apple controls just 3% of the overall phone market, Cramer said, but is nearing a 40% share in smartphones. The adoption of these do-it-all gadgets is a game-changing trend similar to the advent of the PC, and he expects multiyear gains from the related stocks.
“This is a very big move,” Cramer said.
Beyond the most obvious players, such as Apple and Research in Motion , chip and equipment makers will also benefit. That includes names like Cypress Semi , Cree , Skyworks Solutions , Xilinx and others. (Read more about the Mad Money Mobile Internet Index.)
Elsewhere in the market, Cramer credited the move in United Technologies to the company’s heating, ventilation and air-conditioning unit, which is “on fire,” he said. Many people think of UTX as an aerospace business, but a number of stock upgrades have been issued because of the HVAC division’s success.
And lastly, Cramer reiterated his $70 price target for Wynn Resorts , citing a strong balance sheet and a good business in Macau.
Cramer's charitable trust owns China Unicom.
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