Cramer's No. 1 Cloud Computing Play
When it comes to the cloud computing space, Salesforce.com is not just "best in breed," Cramer said Friday. It's "really the only breed."
Most businesses that now claim to be in cloud computing are really hardware companies, Cramer explained. For that reason, he said Salesforce.com is winning huge accounts from its competitors, as clients find Salesforce's products helps them save money.
From a valuation standpoint, the "Mad Money" host said Salesforce.com looks good. Shares are trading at historic highs, but Cramer wouldn't take profits now. In his 30 years of trading, Cramer said he's learned that if mutual funds are willing to pay for a stock that's up roughly 18 percent one week, they're likely to still pay for the name when it's up 30 percent the following week. He thinks CRM has room to run to the upside.
Elsewhere in the tech space, Cramer said the market got Marvell Technology Group wrong when its stock fell sharply in the after-market Thursday. Investors were worried about its mobile business, he said, but there's nothing to be concerned about. He thinks analysts, who are largely neutral on this name, will soon have to upgrade.
Finally, Cramer said the "biggest bull market that's not talked about in this stock market today" is in shoes. In the sporting goods business, people continue to buy, he said. Cramer likes Nike , Foot Locker , Dick's Sporting Goods and Lululemon Athletica .
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