• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing Two old tech stocks Jim Cramer recommends owning for 2023
Investing

Two old tech stocks Jim Cramer recommends owning for 2023

by December 22, 2022
by December 22, 2022 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Tech stocks could be up for another difficult year ahead but there are select names within this space that will likely do good in 2023, says the Mad Money host – Jim Cramer.

Here are his top three tech stocks for the coming year.

Oracle Corporation (NYSE: ORCL)

Oracle had what Cramer called a “magnificent” second quarter (read more) and he expects that strength to continue moving forward.

Shares of the computer technology company are already up nearly 30% versus its low in late September, but the Mad Money host is convinced that it will go further up from here. He’s bullish on its $28 billion acquisition of Cerner as well.

I think that this thing has got a very durable business. It’s almost a crime against humanity that the stock is so cheap.

Cramer also has confidence in Safra Catz – the Chief Executive of Oracle Corporation.

Broadcom Inc (NASDAQ: AVGO)

Earlier in 2022, Broadcom said it plans on spending a whopping $61 billion to acquire VMware – it’s biggest acquisition to date that Cramer expects will unlock significant upside. Last night on Mad Money, he said:

That transaction might take some time to get regulatory approval, but the transformational deal will give them a lot more data-centre exposure, which matters to me.

The Nasdaq-listed firm recently raised its dividend by 12% to $4.60 a share and also has authorisation to buyback $13 billion worth of its stock.

Cramer recommends buying Broadcom stock here at 14 times earnings that suggest a reasonable discount.

The post Two old tech stocks Jim Cramer recommends owning for 2023 appeared first on Invezz.

You Might Also Like
  • Stock market soars as inflation comes in below expectations
  • Why is Tesla stock falling? 2023 begins with 14% decline
  • Analyst: these three tech stocks will do well in 2023
  • Cramer shares outlook on Amgen after Horizon Therapeutics deal
Share
0
FacebookTwitterPinterestWhatsapp

previous post
CarMax stock tanks to a YTD low following Q3 report: buy the dip?
next post
Analyst blasts Amazon for running a ‘not-for-profit enterprise’

You may also like

Sell Manchester United stock ahead of earnings. Here are the...

December 8, 2022

Diagonal Spread Options Strategy: The Ultimate Guide

October 3, 2023

Is it safe to buy the Carvana stock dip?

November 23, 2022

Fed’s preferred inflation gauge eased further in November

December 23, 2022

Gene Munster: ‘AAPL should be a $250 stock’

January 4, 2023

Bitcoin soars over 5% on better-than-expected CPI

December 13, 2022

Is There A ‘Free Lunch’ In Options?

May 28, 2024

How Much Do You Need to Start Trading Options?

January 16, 2023

“Buy the close, sell the open” still rewards for carrying...

November 28, 2022

Civil Rights Groups Say Elon Musk to Blame for Twitter...

November 23, 2022

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,632 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Cleveland-Cliffs stock has upside to $26:...

    January 12, 2023

    Walgreens stock price forecast: Cowen sees...

    November 22, 2022

    Rolls-Royce share price forecast for December...

    November 30, 2022
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here