Cramer’s view of Broadcom is relatively straightforward. While many market watchers may see the company as being held hostage to Apple’s successes, the “Mad Money” host could see Broadcom become the leader in pushing global adoption of 5G wireless networks.
“Thanks to a series of brilliant acquisitions, CEO Hock Tan has put together a fabulous company that’s become integral to mobile, not just Apple,” Cramer said. “Although, as I’ve told ActionAlertsPlus.com club members, it’s not a bad stock to own in the run-up to the new iPhone launch.”
All in all, the tech layout in 2017 looks quite different than it did in 2000, with a mix of lower-multiple out-performers and higher-multiple companies with steady earnings forecasts.
“Do not dismiss the strength in tech as merely a second incarnation of the dotcom bubble,” Cramer said. “The moves in these stocks have genuine underpinnings in the strength of the underlying companies, which is why I think most of these tech winners will keep on winning long term and the decline we recently saw? Opportunity, not 2000-year redux or the ghost of large tech declines past.”
Disclosure: Cramer’s charitable trust owns shares of Adobe and Broadcom.
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