The end market matters because of geopolitical tensions, such as the Brexit and U.S.-China trade disputes, and slowing global growth, Cramer said. Enterprise-focused tech stocks were once thought to be able to weather the storm of a tough economy, but they "have effectively turned into market punching bags," he said.
"Until we deal with this macro uncertainty, stocks like Cisco and its colleagues could be stuck in neutral at best, or have some more down days, or weeks at worst," Cramer said. Roku, which sells internet technology that allows users to watch TV and stream video content, is riding the on-demand video wave. The device carries the major streaming platforms such as
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