GO
Loading...

Is Tech the Value Play Right Now?

“I don’t like the market,” Cramer said during Friday’s Stop Trading!.

Regardless of whether Thursday’s precipitous near 1,000-point drop was caused by a computer error, he thinks a lot of people “genuinely believed” the market deserved to be down that low. If that’s the case, then what does that say about investor conviction?

“That shows me there’s no real conviction to the longs here,” Cramer said. “I want to wait until there’s more conviction.”

But in the meantime, there could be “a lot of opportunity” in technology stocks, Cramer said, as the Nasdaq is in “capitulation mode.” Investors seemed worried about Nasdaq companies and their exposure to Europe, and that has put some good stocks on sale.

“I think that those [stocks] start representing some value here,” Cramer said, adding that Apple is one of his favorite tech plays right now.

Cramer’s charitable trust owns Apple.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Contact Mad Money

  • Showtimes

    U.S.
    Monday - Friday 6p ET
    Australia
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.

Mad Money Moments

Cramer's New Book