"This market may be full of pitfalls and pessimism, but the mobile Internet tsunami is still alive and well," Cramer said. Just look at Skyworks Solutions. They had a superb quarter and play an integral part in the tsunami. The company makes power amplifiers for cell phones and gets two-to-three times as much money for 3G enabled smart phones. These smart phones need additional power amps to boost their signal strength for faster downloads of data, web content and video.
SWKS is up 208% since Cramer recommended the stock back on December 12 of 2008, up 53% since he talked with the Skyworks CEO David Aldrich, again, on April 30 of last year when the stock was at $8.84. Then it went up 23% since Cramer added it to the Mad Money Mobile Internet Index on August 11 when it was trading at $11.04.
Now, in the company’s most recent quarter, reported a week ago, it beat Wall Street’s earnings' estimates by 2-cents on stronger than expected revenue, and raised guidance for the next quarter that historically has been a seasonally weak one. Cramer thinks this is more evidence of the smartphone “revolution’s” strength. That said, SWKS took quite a dip, but this erratic behavior has come to be accepted when it reports. For now, take solace in the history of its trading.
Cramer said nonetheless investors should always probe whether this time could be different. For that reason, Cramer welcomes back David Aldrich, the CEO of Skyworks Solutions. Watch the video for the full interview.
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