Cramer says these are the four growth stocks he likes right now

Published Fri, Jun 11 202110:39 AM EDTUpdated Fri, Jun 11 202111:34 AM EDT

Kevin Stankiewicz @in/kevin-stankiewicz-b5593466 @kevin_stank

CNBC's Jim Cramer said Friday he sees opportunities for investors to capitalize on pullbacks in some growth stocks that have fallen out of favor this year. Speaking on " Squawk on the Street " shortly after Friday's opening bell, Cramer pointed to Zoom Video , Twilio , DocuSign and Snowflake . "They've come down enough. They are junior growth stocks," Cramer said. "Those are ones, if you want to buy companies that people hate now that the pandemic is waning, I'd say you should put one of those in your portfolio. … They're good companies." Cramer's comments come as some strategists on Wall Street, such as Fundstrat's Tom Lee, are taking more positive stances on technology stocks due to the recent decline in interest rates. At one point Friday, the yield on the benchmark 10-year Treasury note hit its lowest level since early March . The decline in rates may ease investor concerns about excessive valuations and higher borrowing costs. On Zoom, in particular, Cramer said investors need to take a wider view of the videoconferencing company's potential even though in-person meetings are returning. Shares of Zoom entered Friday's session down more than 40% from their all-time high in mid-October. "They have great technology, and we are just looking at them as a static company," said Cramer, while noting for transparency that his stepson works at the Eric Yuan-led firm. Cramer said he expects Zoom to take advantage of much-improved cash position. Zoom had $4.7 billion in cash and marketable securities, as of April 30 , up from $1.1 billion at the same period a year ago . "They can do anything. This is not GameStop, guys. This a company with a technological edge," the "Mad Money" host said. As for Snowflake, Cramer said he recognizes the stock is trading at a very high price-to-sales multiple — around 101, according to FactSet. However, Cramer suggested he agrees with CEO Frank Slootman's view that judging the data-analytics software's firm shares over a short period of time could be a mistake because the cloud transition will take place over a multiyear window. "I bank with Slootman," said Cramer, who touted the performance of ServiceNow shares when Slootman ran that company . Earlier this week, Cramer said Amazon was his favorite stock right now . Disclaimer Disclosure: Cramer's charitable trust owns shares of Amazon.

Jeff Lawson, co-founder and chief executive officer of Twilio Inc., center, rings the opening bell on the floor of the New York Stock Exchange in New York, Sept.17, 2018.

Michael Nagle | Bloomberg | Getty Images

CNBC's Jim Cramer said Friday he sees opportunities for investors to capitalize on pullbacks in some growth stocks that have fallen out of favor this year.

Speaking on "Squawk on the Street" shortly after Friday's opening bell, Cramer pointed to Zoom Video, Twilio, DocuSign and Snowflake.

"They've come down enough. They are junior growth stocks," Cramer said. "Those are ones, if you want to buy companies that people hate now that the pandemic is waning, I'd say you should put one of those in your portfolio. … They're good companies."