Rewind: Jim Cramer Says the Cloud Kings Will Be the New FAANG

With Microsoft about to post earnings, we took a look back at when Jim Cramer called the Cloud Kings, the new FAANG.
Updated
Stocks quotes in this article: SPLK, ADBE, VMW, CRM, WDAY, NOW, NEWR, MSFT

It's no secret that the Cloud story is here to stay. With Microsoft (MSFT) about to report earnings, we took a look at when TheStreet's founder and Action Alerts Plus charitable trust portfolio manager Jim Cramer made a big call about the future of the sector. 

At TheStreet's Investor Boot Camp on May 5, Cramer said the cloud kings -- stocks like Splunk (SPLK) , Adobe (ADBE) , VMware (VMW)  are better bets than the so-called FAANG stocks. 

Granted, he is not giving up on the FAANG stocks just yet -- that's Facebook, Amazon, Apple Netflix and Alphabet. 

But he feels that a group of data firms that leverage cloud computing are better bets in today's market. "I genuinely believe that we are early on in sophisticated cloud adoption that can harness these companies' tools," Cramer noted.

In addition to the cloud computing stocks above, he also likes  Salesforce.com (CRM) , Workday  (WDAY) , ServiceNow (NOW) and New Relic (NEWR) .

More importantly, "I am working on a cloud king acronym. And I will share it to you the moment I figure it out!" 

Satisfied yet, over on Real Money, Stephen "Sarge" Guilfoyle" has the latest on his favorite Cloud Kings.

 


 

 

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TAGS: Markets | Semiconductors & Semiconductor Equipment | Software & Services | Technology | Technology Hardware & Equipment | Video

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