Jim Cramer Says It’s Time to Buy the Dip in Profitable Tech Stocks; Here Are 2 Names Analysts Like

Markets have well and truly changed direction from last year’s bullish trends. The downward shift has brought us a major selloff, and declines of 27% and more in the tech-heavy NASDAQ index. For investors, it’s a situation that requires a close watch on the markets, and clear eye for the opportunities that will pop out as conditions change.

It’s also a situation in which investors can use expert advice. Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, tells investors that when the market starts to change direction, in response to shifting trends or increased volatility, it’s also time to change strategies. And in the current clime, Cramer is recommending profitable stocks in the tech sector – especially those that are beaten-down.

Describing his stance, Cramer says, “Many tech companies that make real things and return capital to shareholders now do sell at reasonable prices after the tsunami of selling… Right now the facts are a lot less hostile to the beaten-down high-flyers…”

With this in mind, we’ve used the TipRanks database to pinpoint two heavily discounted tech stocks that return capital regularly through dividends. Each is a Strong Buy, according to the analyst community, and has a strong upside potential for the coming year. Let’s take a closer look.

Absolute Software (ABST)

First up is Absolute Software, a leader in enterprise resilience, or maintaining normal operations, along with the ability to recover systems and data, against network security breaches. The Canadian-based company’s product lines offer customers the ability to manage, control, and heal devices, networks, data, and operations, shortening recovery times and speeding up the return to normalcy. In addition, Absolute offers IT and security solutions to protect systems and prevent breaches from occurring.

Absolute boasts over 13,000 global customers, including 28 OEMs who factory-embed Absolute products into devices. The company also has 140 patents to protect its intellectual property.

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