Jim Cramer is one of the top watched TV personalities on CNBC. He is the host of mad Money and also the co-founder and chairman of TheStreet.com. Nearly two hundred fifty thousand people watch his show daily on TV and most of these are ordinary investors trying to understand what’s going on in the market. Jim Cramer’s bullish and bearish stock picks on his show is the starting point for many investments made by these folks.
During the August 19th show, Cramer discussed the following stock holdings of chart-topping LMFAO's Redfoo:
Apple (AAPL): Out of Redfoo’s love for the company and what they produce (a reason Cramer often recommends for owning companies), Redfoo purchased 400 shares of Apple. He then used Apple’s clout in the production space to purchase other companies that are associated with their product line and operations. Apple gained 10.4% this year, vs. SPY's 9.6% loss.
STMicroelectronics (STM): Having a component in Apple’s production, this tech company yields 5.5% while trading at 5.5 times earnings. Redfoo suggested that these companies have been with AAPL since the first iPhone, so if they haven’t changed by now, they’re probably not going to. STM lost 40.9% this year. Michael Messner of Seminole Capital has over 750,000 shares.
Marvell Technology (MRVL): This tech company has a component that is a part of the drive in some of Apple’s products and is very intellectual-property oriented. The stock currently trades at 10 times earnings. MRVL lost 31.6% this year.
Broadcom (BRCM): This software-related company’s stock came back down, presenting an unbelievable buying opportunity. The stock closed at $31.29, only $2 above its 52-week low. BRCM lost 27.8% this year. David Gerstenhaber of Argonaut Capital increased his position in Broadcom by 38%.
Google (GOOG): As the main competitor to Apple, Google is in the mobile space, the social space and the cloud. Cramer pointed out that not even Apple is in the social space and that is a significant market. Google lost 17.4% this year.
AT&T (T): Redfoo announced his recent purchase of AT&T after Cramer said he would recommend something with a dividend outside of the tech portion of his portfolio. AT&T yields 6% and only trades at 8.5 times earnings. This is one of the few stocks Cramer has in his charitable trust’s portfolio. Cramer also disclosed that he has AAPL in his charitable trust. AT&T lost 0.6% this year, vs. SPY's 9.6% loss. Jim Simons and George Soros are among hedge fund managers with large T positions.