Technology stocks could soon bottom, Cramer said Wednesday.
"Practically every year, at right about this time, tech stocks stop acting horribly and begin to bottom," the "Mad Money" host said. "It's happened in nine out of the last ten years, as these companies shrug off the seasonal slowness of the summer and rev up to get ready for the big holiday build-out."
It seems tech could soon be bottoming, too, with Jabil Circuit having reported strong quarterly results after Tuesday's closing bell. Jabil Circuit makes a variety of technology products for a number of different industries, making it a terrific read on the tech space. The St. Petersburg, Fla.-based company earned 62 cents a share, a 7 cent beat, on stronger-than-expected revenues that rose 10.3 percent year-over-year. Its stock soared on Wednesday, but Cramer thinks it still has room to run, considering its selling for just 7.6 times next year's earnings with a 22 percent long-term growth rate.
(RELATED: 10 Tech Stocks That Have Hit Bottom)
To learn more about Jabil's quarter, as well as its future prospects, Cramer welcomed CEO Timothy Main onto "Mad Money." Watch the video to see the full interview.
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