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Cramer: Wrong Time to Own Tech

Tuesday, 19 Jul 2011 | 6:16 PM ET
Off the Charts: Tech
Mad Money host Jim Cramer reviews tech performance relative to the S&P.

IBM and Apple may have both reported blowout quarters, but that doesn’t mean it’s the time is right to own tech stocks, Cramer said Tuesday.

In fact, the “Mad Money” host said it is simply the wrong time to own tech because the sector is hostage to seasonality.

“Historically, owning a ton of tech during the third quarter can be a recipe for disaster,” he said, “and over the summer you just want as little in your portfolio as possible.”

But Cramer feared people wouldn’t believe him after seeing Apple and IBM report such great numbers, so he went “Off the Charts” to explain why. Watch the video to see his full report!

Call Cramer: 1-800-743-CNBC

When this story was published, Cramer’s charitable trust owned IBM and Apple.

Questions for Cramer? madmoney@cnbc.com

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