The so-called FANG stocks have yet to regain their power since bouncing from lows during the December sell-off and gave way to the cloud kinds and semiconductors to lead the tech sector, CNBC's Jim Cramer said Tuesday.
Coming off of a strong fourth quarter report, the stock price has gained more than 30 percent this year and is 5 percent off of its mark a year ago. "Some parts of FANG have definitely gotten their groove back. I think FB and Alphabet are worth buying right here," he said."Maybe wait for the breakout before picking up Amazon."President Donald Trump is in a position to get more concessions or even walk away from trade negotiations with China President Xi Jinping as the Chinese economy weakens, Cramer said.
The company is cutting past the competition with its da Vinci Surgical System, which allows doctors to find a cancerous mass"transorally" in lieu of surgery, he said. The procedure can help doctors avoid damaging healthy tissue, he added. "I think one of the unique differentiators of our product is that we can see the data that comes across payments," she said. Square also offers clients point of sale software."So we can see the success of these businesses like restaurants who've historically been left out of the financial system because of the type of business that they are."Salesforce.
"To me, this is all kind of nutty. Every time Salesforce.com has gotten dinged, you know what it happened to be? A buying opportunity," he said."And guess what: I'm betting this time no different."In Cramer's lightning round, the"Mad Money" host ran through his answer to callers' favorite stock picks:
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »