Jim Cramer states financiers need to eye these 3 tech names in the Nasdaq 100

CNBC’s Jim Cramer on Tuesday informed financiers his 3 stock choices from the worst- and best-performing stocks in the Nasdaq 100 throughout the very first half of this year.

“Tech stocks were horrendous in the first half. … No Apples, no Googles, no semis, no software as services – just default names that show you that tech’s become absolutely hated, maybe so hated that I think we could see a serious bounce,” he stated.

“When it comes to tech, FANG went into a portfolio manager-induced coma in the first half and Netflix was the first to be put under. What else is there to say, except that if any stock has fallen hard enough … then there’s certainly hope for a resuscitation,” he included, describing his acronym for Facebook- moms and dad Meta, Amazon, Netflix and Google- moms and dad Alphabet.

To show his point, the “Mad Money” host noted the 5 worst and 5 finest entertainers in the Nasdaq100

Out of the 10 names, he highlighted 2 stocks as possible buys.

Here is his list of the leading 5 finest entertainers in the Nasdaq 100:

1. Vertex Pharmaceuticals
2. Activision Blizzard
3. T-Mobile
4. Constellation Energy
5. Seagen

Out of these names, Cramer stated that he believes financiers need to purchase shares of Seagen, particularly offered speculation that Merck might try for the biotech business, according to The Wall Street Journal.

T-Mobile is likewise a buy, he stated, anticipating that the business will have a piece de resistance in its next quarter.

Next, Cramer reviewed the 5 worst entertainers in the Nasdaq100

Here is his list:

1. Netflix
2. Align Technology
3. PayPal
4. DocuSign
5. Okta

Cramer stated that he thinks Align is appealing at its existing cost. “I think it can make a slow and steady comeback,” he stated.

Disclosure: Cramer’s Charitable Trust owns shares of Alphabet, Amazon and Meta.

Sign up now for the CNBC Investing Club to follow Jim Cramer’s every relocation in the marketplace.

Disclaimer