During his "Mad Money" program Monday Jim Cramer said the rally in the cloud kings must be considered suspect and be evaluated on a case-by-case basis. Cramer preferred the data center hardware stocks, such as Western Digital Corp, (WDC) , as an alternate investment.
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It can safely be said that no one saw this course of events coming.
Other than taking profits, I'm not interested in putting on new trades.
For investors willing to take a higher level of relative risk, the potential rewards could be significant here.
Let's check and see what the charts look like.