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    Jim Cramer states that these five “old technology” stocks could reach a major year in 2022.

    CNBC Jim Cramer On Friday, he presented the investment cases of five legacy technology companies that he believes could bring strong returns in 2022.

    The “Seriously” The host said the following stocks fit into his main theme this year, investing in profitable companies that produce tangible commodities. Apple, Cisco, IBM, Microsoft When Oracle..

    “Currently, most cloud-based software stocks that are losing money are off limits, but there are many technology names that make real things and make real profits,” Kramer said. Despite the monetary tightening, they claimed they could work well.

    “What we need here is a boring and mature company. This kind of company is often referred to as’old technology’,” Cramer added. “I say new and old.”

    Apple

    Cisco

    Cisco’s market share has been strong since late November, Kramer said, as investors have begun to overlook the company’s recent earnings reports.

    “These last two quarters weren’t bad because of demand. In fact, corporate tech spending is skyrocketing. The problem was a supply chain crisis,” said computer networking companies migrating to software and recurring. Said Cramer, who advertised. The flow of profits that accompanies it.

    “”[Cisco CEO Chuck Robbins] He says things should start changing later in Cisco’s fiscal year, which begins in February. He’s a real straight shooter, so I tend to believe him. “

    IBM

    Kramer said he wouldn’t be surprised if IBM’s stock sold out when IBM reported earnings in a few weeks, but in the long run it’s a positive view.

    Stock Selection and Investment Trends from CNBC Pro:

    “There are two reasons I like IBM because it’s incredibly cheap and sells at 12x the bottom line. Kindryl spin-off, They maintain the pre-dissolution dividend, which means the stock is getting a 4.9% yield. “

    He also said he participated in CEO Arvind Krishna’s “mission to unleash value at any cost.”

    Microsoft

    “This was up about 51% last year, but thanks to the sold-outs in the last few weeks, we have a very good buying opportunity here. Shares have fallen 10% from their late November highs. Usually not. “No, it will happen.” “Microsoft is just one of the concrete technical stories that should work when the Fed begins to brake to stop the economy.”

    Oracle

    Kramer said he believes Oracle’s share price is cheap even after the 2021 breakout. The last quarter of the enterprise software giant was great, Kramer said. However, due to the negative reaction of Wall Street, the stock price gave up after the report. Oracle purchase plan Electronic medical record company Sarner..

    “This is another thing that recent pullbacks have made you accept at an amazing price,” Cramer said.

    Sign up now CNBC Investing Club to track every move in Jim Cramer’s market.

    Disclosure: Cramer’s Charitable Trust owns shares in Microsoft, Apple, and Cisco.

    Jim Cramer states that these five “old technology” stocks could reach a major year in 2022.

    Source link Jim Cramer states that these five “old technology” stocks could reach a major year in 2022.

    The post Jim Cramer states that these five “old technology” stocks could reach a major year in 2022. appeared first on Eminetra.

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