Tech stocks haven’t warranted much praise from Cramer lately, but there’s at least one he’s back to recommending: Salesforce.com. The software firm could have one of the strongest quarters in the sector, he said on Tuesday’s Stop Trading! While not cheap, the Mad Money host believes CRM could unlock some of the best value for growth-oriented investors.
Cramer also used the time to reiterate his call that bank stocks should not be owned in this environment. Especially if the Fed signals tomorrow that it’s done cutting interest rates, these stocks remain toxic, he said.
Furthermore, he asked, when will the government stop telling us that the “fundamentals are sound”? How sound can they be when Cramer’s worried about some of the biggest banks and lenders in the country going out of business? Bernanke and Paulson should change their rhetoric or at least keep quiet as far as he’s concerned.
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