Get ready for a tech doubleheader
Big events this week by Apple and Salesforce should ignite the sector.
This week we have something to talk about in tech, something big. Two things, actually, and they can propel tech stocks higher than it already climbed on Friday. They can ignite the sector because they are at the heart of what we like most in tech: the Apple(AAPL) iPad, and the cloud as brought to you by Salesforce.com (CRM).
First, the iPad 2 launches on Wednesday. This will be a great opportunity for Apple to showboat and for the Apple ancillary plays -- Arm Holdings(ARMH), Micron(MU), Skyworks(SWKS), OmniVision Technologies(OVTI) (look at that one!) -- to rock, too.
I can't stress how important Apple is to this market. Apple is the most high-profile stock in the world, but it is an event stock, and without events there is not much to say. This week is a big one.
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Second, on Thursday the Cloudforce comes to New York. Salesforce.com is bringing in everyone from the team to strut its stuff, and this company, the Facebook of the enterprise, has such an exciting story that I think the stock must be taken right here, right now, even though it is up.
So this week you have not one but two tech stories that can rock -- the two strongest tech themes out there today --filled with stocks that were immunized because they fell 10% last week.
At the time of publication, Cramer was long AAPL.
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After enjoying a smooth rise in stock prices since May, investors are about to be hit with another bout of volatility.
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