3 Buys, 2 Selling Ideas From Jim Cramer
During the week of January 21, 2013, Jim Cramer made reference to 42 companies. Just 21% of the calls were bearish. In that same time frame, the S&P 500 index rose 1.52% and is up 5.5% for the year.
In the technology space, Cramer was favorable on a number of richly-valued companies that includes salesforce.com (CRM) and Amazon.com (AMZN). For the week, the Nasdaq was flat, but is up around 2.9%. It is worth nothing that the technology-heavy index was weighed down by weakness in Apple, Inc. (AAPL).
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Of the 5 technology companies mentioned, Cramer was also bullish on SAP AG (SAP):
Analysis and Discussion
1. Amazon.com Inc. (AMZN): Operates as an online retailer in North America and internationally. Market cap at $125.04B, most recent closing price at $276.04.