CNBC’s Jim Kramer told investors Tuesday of his picks for the three worst- and best-performing stocks in the Nasdaq 100 during the first half of this year.
“Tech stocks were awful in the first half. …no apples, no Google, no semis, no software-as-a-services — just hypothetical names that show you that technology has gotten so hated, maybe so hateful that I think we might see a serious rebound, “ He said.
“When it comes to technology, FANG fell into a coma by the wallet manager in the first half and Netflix was the first to be hidden. We hope for a revival,” he said, referring to his acronym for his father on Facebook, Meta, Amazon, Netflix and Google’s Alphabet.
To make his point, the “Mad Money” host listed the five worst and five best performers on the Nasdaq 100 Index.
Among the 10 names, two stocks were highlighted as potential buys.
Here is his list of the top five performers of the Nasdaq 100 Index:
- Vertex Pharmaceuticals
- Activision Blizzard
- constellation energy
Among those names, Cramer said he believes investors should buy Seagen shares, especially given speculation Merck could bid for the biotech company, according to The Wall Street Journal.
He said T-Mobile is also a buy, and he predicted the company will do great next quarter.
After that, Cramer surpassed the five worst performers in the Nasdaq 100 Index.
Here is his list:
- Alignment Technology
Cramer said he thinks Align is attractive at its current price. “I think it can come back, slow and steady,” he said.
Disclosure: The Kramer Charitable Fund owns shares in Alphabet, Amazon, and Meta.
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