Jim Cramer expects FAANG plus Microsoft to bottom before other stocks during omicron-related slide

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CNBC’s Jim Cramer said Monday he believes investors should take advantage of the recent weakness in shares of FAANG stocks and fellow technology giant Microsoft.

Wall Street’s fears related to the Covid omicron variant are not exactly the same as investors’ initial coronavirus concerns in February and March 2020, the “Mad Money” host acknowledged. However, FAANG plus Microsoft all recovered more quickly than the broader S&P 500 last year and Cramer said he expects a similar dynamic to be at play now, even if there are clear differences in pandemic characteristics.

“We don’t have the stimulus now. We don’t have the Fed helping us. But we do have a lot of money looking for a home, and FAANG plus Microsoft make for some of the sturdiest homes around,” Cramer said. “As they get hit by the omicron weakness, you’ve got my blessing to buy all six.”

FAANG is Cramer’s acronym for Facebook-parent Meta, Amazon, Apple, Netflix and Google-parent Alphabet. Microsoft is often mentioned in the same breath as the FAANG constituents. All six stocks are down over the past five trading sessions, and every company except Apple has seen their share price decline over the past month.

“In the end, you have to recognize that big-cap tech has many secular growth characteristics and the biggest ones also have terrific management, which is why I expect their stocks to bottom before the rest of the market and go higher,” he said.

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Keep cash people. Or buy the index and DCA. Don’t follow this fool

sootherelax
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I thought Cramer said there is no more FAANG? It’s it MAMAA now? He forgot?

Anton_Gress
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Wouldn't we be better off buying heavily discounted Adobe or NVDA? Why the rush to buy Apple or Microsoft during a dip -- the least discounted stocks?

Duke_of_Prunes
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Record China bond defaults and this guy keeps pushing Wallstreet trash.

jfer
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He's back at the studios quick. Did he recover already?

Telluwide
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We need a good day...one up in three weeks :(

steveneuhauser
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It's FAMG now, Amazon and Netflix are OUT!

trusty
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The fool said two days ago Xmas rally

I thought what about omicron
Two days later red red 1000 down
Lol now it’s omicron

Jim your guessing

markwick
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I understood that the key to making millions is putting something aside for a superior speculation. I generally let myself know you needn't bother with that way of managing money or vacations at this time. That outlook assisted me with getting more cash contributing. For instance last year I put 80k in stocks (with the assistance of my Financial Advisor obviously Evelyn Monping ) and made around 246k, yet prepare to be blown away. I put everything back and exchanged with her again and presently I'm gathering together near a million and still floating.

warwickjefferson
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Yeah, 20 % correction for these stocks, while others already bottomed

mikeshawn
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Apple
Microsoft
Amazon
Meta
Alphabet

AMAMA

lyndakorner
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got it Cramer, so they will all go bankrupt

morebullishthantomlee
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they are all still going down and he knows it. Distribution. They'll eventually bottom, but not before they're pumped a few more times along the way- tomorrow morning being no exception.

hw
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Netflix does not belong in that group.

lyndakorner
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Microsoft is a winner for decades due to shifts in cloud, online business solutions, gaming, etc. Its just so well rounded and perfectly set up. Apple is the best consumer brand with unmatched margins and insane cashflow and buyback. I will add to these. Their risk/reward is a no brainer. I also got nvidia, meta and google. I will also add to google soon. I dont see the point in owning 10 different stocks. Diversification is highly overrated. I prefer around 5 stocks that are just set up good for whats to come.

cya
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Sold my stocks and invested in SOLANA and AVAX

tayya
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FANG? No, TANG: Tesla, Apple, Nvidia, Google... and Microsoft.

mikebuchanan