America’s big tech companies are no longer focused on solving the world’s big problems through innovation, Cramer argued during his regular appearance on Stop Trading! Thursday.
And it’s why he would now sell “old tech” in favor of “new tech” -- American manufacturing companies like Eaton and Parker-Hannifin that are addressing the truly important issues like energy efficiency and reducing emissions.
Apple is possibly the only exception to this rule, Cramer said. He predicted that stock could go to $200 “in a heartbeat” as it rallies ahead of a new iPhone said to be released this summer. Cramer said he would sell Apple the day of the release, which was the same strategy he recommended last summer when the original iPhone debuted. Until then, the stock is “really feeling good,” he said.
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