Cramer's 'Mad Money' Recap: Amazon, Google, Apple Are the Only Tech Stocks That Matter
Cramer said each of these companies are doing amazing things that can make investors money while the rest of tech seems to be in decline. Personal computers are becoming increasingly irrelevant, said Cramer, which makes the stocks of Hewlett-Packard (HPQ) and Dell (DELL) a sell, sell, sell, along with everything that goes into PCs, mainly Intel (INTC) and Microsoft (MSFT) .
While no one may want a PC this holiday season, everyone certainly wants a tablet, said Cramer, which may lead some investors to Barnes & Noble (BKS) . But after the company delivered an earnings miss of 4 cents a share, Cramer said he'll take a pass. Barnes & Noble's Nook tablet simply isn't a big enough factor to matter.
But when it comes to Amazon, Google and Apple, those companies offer customers superior products at a great value. Cramer said everything Amazon sells is done at a terrific price and the company's model of making money selling all the books, movies and music that goes onto your Kindle is a good one.
Cramer was less excited about Google, however, after that company disappointed last quarter. Google always innovates, he said, which is why he needs to see the company's results from this quarter before deciding to buy back in.
Then there's Apple, the clear leader in phones and tablets. Cramer said Apple's iPad has only one real competitor and that's the iPad Mini. That's why when it comes to this holiday season, Cramer told viewers not to over-think it, just go with the winners.
Fix the Infrastructure
If Hurricane Sandy has taught our nation anything, it's that we need to invest in our electrical infrastructure and we need to do it now.
Even before the hurricane, Cramer noted a full 30% of our nation's infrastructure is beyond its useful life, with another 30% approaching the end of its useful life.
What does that mean for investors? Cramer said it means Quanta Services (PWR) , the leader in building, maintaining and repairing electrical infrastructure.
In addition to its electrical business, Quanta also helps build and maintain oil and natural gas pipelines and is a key provider to companies like Enbridge (ENB) and Kinder Morgan Energy Partners (KMP) , all of which need more pipelines as they expand into our nation's oil shale.
Quanta also has a big business in Canada, noted Cramer, a country that plans to spend over $100 billion over the next 20 years to rebuild its aging infrastructures.