Cramer's 'Mad Money' Recap: It's Time for Tech Stocks
NEW YORK (TheStreet) -- Is it time to start betting on some high-profile tech turnarounds?
Jim Cramer told his "Mad Money" TV show viewers Tuesday that after despising names such as Groupon
Cramer said he never liked Groupon, the over-hyped online coupon Web site that's done nothing but disappoint the markets since its IPO. But when the company's CEO stepped down earlier this year, that signaled a big change, one that Cramer admitted he didn't take seriously. He advised investors to stop selling Groupon back in February, but never told them to start buying, which turned out to be a mistake. Cramer said the time to buy Groupon is now.
But what of Zynga
Then there's Nokia, the beleaguered phone maker that everyone assumed Microsoft
Finally, there's BlackBerry
Off the Charts
In the "Off The Charts" segment, Cramer went head to head with colleague tim Collins over the charts of two food stocks, Kellogg
Collins noted that while Kellogg is already up 17% for the year, the stock is just getting started because its 13-day moving average just crossed over its 34-day average, a medium-term bullish signal. After making a false move higher in May, Collins felt this most recent move is the real deal and is confirmed by a flag formation in the stock's weekly chart and the stochastics also rising.