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We have leaders, so we have winners. Amazon (AMZN - commentary - Trade Now), Apple (AAPL - commentary - Trade Now), Google (GOOG - commentary - Trade Now) and Microsoft (MSFT - commentary - Trade Now) are making moves that have us thinking about tech in a positive way and make us recognize the power of the Web renewed.
Apple can carry stocks, particularly the tower stocks, but also component makers that have lagged off of TriQuint (TQNT - commentary - Trade Now), players like Skyworks (SKWS - commentary - Trade Now) (loved by Breakout Stocks) and American Tower (AMT - commentary - Trade Now). Amazon is a sign that the consumer is spending -- think Visa (V - commentary - Trade Now), and also that the holiday season could be excellent. I do not believe it is a total cannibalization play, but I have to remind people that a week ago this was supposed to be Amazon vs. Wal-Mart (WMT - commentary - Trade Now), with the latter supposed to be taking it to Amazon. The truth is that Amazon is a fulfillment play and a cultural play that Wal-Mart can't challenge on price. This is not the case of a supermarket where Wal-Mart can offer amazingly low prices (I was there this weekend, and the dry food prices are out-of-control cheap), nor is it like the $4 drug prices that take away from Walgreen (WAG - commentary - Trade Now) and CVS (CVS - commentary - Trade Now). Amazon can win. Amazon will win. Hence the strong story occurring in front of us. Microsoft can mean good things for everything from Intel (INTC - commentary - Trade Now) and SanDisk (SNDK - commentary - Trade Now) to Seagate (STX - commentary - Trade Now), Western Digital (WDC - commentary - Trade Now) and Micron (MU - commentary - Trade Now). It can, of course, lead to good demand for Dell (DELL - commentary - Trade Now) and Hewlett-Packard (HPQ - commentary - Trade Now). The leadership capabilities of Microsoft cannot and never can be underestimated. All of these stocks can pull up the Nasdaq from its doldrums, something badly needed after the difficulties spread by Broadcom (BRCM - commentary - Trade Now) and TriQuint last week. Nice to see the group have traction again. At the time of publication, Cramer had no positions in stocks mentioned. Special note from Jim: You can learn my time-tested ways to trade smart, even in this market. All my latest thinking is in my brand new book, Getting Back to Even, which I'll send to you as part of a special promotion when you sign up for my ActionAlertsPlus.com service for a limited time. So if you sign up now, you'll get to see how I'm playing these stocks in my portfolio today, plus, I'll teach you how you can play these stocks to help your portfolio get back to even.
At the time of publication, Cramer had no positions in stocks mentioned. Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here. TheStreet.com has a revenue-sharing relationship with Amazon.com under which it receives a portion of the revenue from Amazon.com purchases by customers directed there from TheStreet.com. Brokerage Partners
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