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Jim Cramer's Wall Street Confidential
Cramer has been pounding the table on tech names Google Inc. ( GOOG ), Apple Inc. ( AAPL ), Research In Motion Limited ( RIMM ) and Amazon.com ( AMZN ). Cramer also believes VMware Inc. ( VMW ) is going higher and that Garmin Ltd. ( GRMN ) will continue to be good until Christmas. "Those are all stocks that are stretched from a multiple point of view," he said. "Periodically, but not often, I'm willing to embrace a stretched multiple if I think that the estimates are explosive to the upside. In all of those stocks, I believe the estimates are way too low." But if people are looking for technology that's not overstretched on a multiple basis and that also has great momentum, they need to go to the oil service patch, Cramer said. "That's where I'd be looking." Cramer says look at Oceaneering International Inc. ( OII ), which a lot of people wrongly believe is typically a play off of hurricanes; FMC Technologies Inc. ( FTI ), which is "really terrific"; and Core Laboratories N.V. ( CLB ), "the one that's probably the most logical." VIDEO HERE
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