Now might be a good time for investors to take their tech profits and run, “ Mad Money ” host Jim Cramer said Wednesday.
“I would cut back on technology here because I don’t think the quarters are going to be strong enough, and while Oracle and Microsoft have been able to rally on some good recent news, the state of play is weaker than we’d like, and this is the most seasonally weak group in the market,” he said.
The exception to the rule, however, is Apple.
Cramer noted that Oracle downplayed the European crisis, while making deals with Swiss and French banks.
Microsoft, with its new “iPad killer” Surface tablet , is throwing its hat in a ring already occupied by Dell, Hewlett-Packard and, of course, Apple, which itself faces a product gap ahead of the release of the iPhone 5.
Intel played up demand from emerging markets and tried to ease concerns about changes in its product lineup.
Google, with its large European exposure, could face stiff headwinds.
So, what’s an investor to do?
“I think the answer is clear,” Cramer said. “You can hold on to tech, but my advice is that if you have gains in these names or any others, you should trim all but Apple. That’s right, if you have profits in tech, it’s time to take them.”Page 1 of 3 | Next Page