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