When economic worries hit the Dow and Nasdaq as they did on Thursday, Cramer recommends turning to big-picture themes that transcend the business cycle.
As he told viewers today, “Secular growth trends can trump a lot of the negativity.”
Think of the market’s declines as “a gift,” Cramer said, and use it to buy long-term growth plays on the cheap. His favorite right now is the mobile Internet, and it’s been the basis for many of his recent recommendations.
Count SBA Communications among them. This company will play a crucial role in the mobile Web’s development, as it makes the cell-phone towers necessary to transmit wireless signals.
There’s a huge bottleneck at these towers right now, because handsets like Apple’s iPhone, which utilize voice, video and the Internet, are clogging them with data. That may be bad news for customers, but it’s good news for SBAC. The inevitable infrastructure build-out puts this company in the sweet spot as demand for smartphones grows and grows.
That’s Cramer’s take on it, and he’s predicting mobile Web will be a multiyear trend. What does SBAC CEO Jeffrey Stoops have to say about it? Watch the full interview to find out.
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