CNBC’s Jim Cramer shared his three stock picks from the worst- and best-performing stocks in the Nasdaq 100 during the 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 said.
“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 added, referring to his acronym for Facebook-parent Meta, Amazon, Netflix, and Google-parent Alphabet.
Out of the 10 names, he highlighted two stocks as potential buys.
Here is his list of the top five best performers in the Nasdaq 100:
- Vertex Pharmaceuticals
- Activision Blizzard
- T-Mobile
- Constellation Energy
- Seagen
Out of these names, he said that he thinks investors should buy shares of Seagen, pointing out the Merck purchase of the biotech company, according to The Wall Street Journal. T-Mobile is also a buy, he said. He predicts that the firm will have a great performance in its next quarter.
