Wednesday, December 6, 2023
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4 tech shares that look good after Nasdaq’s tough 2022 begin

CNBC’s Jim Cramer mentioned Wednesday he sees a handful of attractively priced expertise shares following a tough begin to 2022 for the broad cohort and steered traders look to make the most of the weak spot.

The tech-heavy Nasdaq Composite is down about 3.5% for 2022 after simply three buying and selling days, and “it’s important to choose among the many rubble when it does that,” the “Mad Money” host mentioned.

Cramer supplied up the next shares to contemplate: Enterprise software program big Salesforce, Fb-parent Meta Platforms, cybersecurity agency Palo Alto Networks and chipmaker Nvidia. All 4 shares are within the pink for 2022 and notably down from their respective all-time highs, Cramer mentioned.

“I at all times hear from folks complaining that … they purchased these high-quality tech shares once they had been flying. You are actually not shopping for them on the excessive right now for those who purchased them, actually not tomorrow if we go once more,” Cramer mentioned.

“Despite the fact that they is likely to be clobbered once more tomorrow, you have to choose your spot right here. You possibly can’t act as if this was their first day down,” he added.

Cramer careworn that he was not encouraging traders to have a look at shopping for unprofitable expertise corporations that commerce on price-to-sales ratios. He is been advising viewers to avoid those types of stocks for weeks, whereas as a substitute championing corporations with “actual earnings.”

“I am getting extra enticed by the worthwhile tech names that simply obtained beheaded. Worth does matter to me,” Cramer mentioned.

Sign up now for the CNBC Investing Membership to observe Jim Cramer’s each transfer out there.

Disclosure: Cramer’s charitable belief owns shares of Nvidia, Salesforce and Meta Platforms.

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