Cloud plays may be best tech stocks to own as 2018 ends: Cramer

▤ Summary

"The cloud names rallied like crazy today and I think theyve got more room to run," he said.When the cloud plays were in the throes of the October selling, Chaikin noticed that the Tick, a short-term indicator that measures buying and selling pressure during trading sessions, showed the highest level of concentrated selling in 40 years.I think that opportunity continues now that we have the evidence we need to prove that this business keeps accelerating."These ... software companies are all integral to the cloud, and their businesses are all accelerating," he continued."The cloud sell-off turned out to be very wrong for one incredibly simple reason: the fundamentals.

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New Relic

$100M to $250M