22 Stocks on Jim Cramer’s Radar Recently

18. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 94

Micron Technology, Inc. (NASDAQ:MU) is one of the stocks on Jim Cramer’s radar recently. Cramer mentioned it as one of the companies whose products are in short supply. He said:

“I’m going to add Micron, MU, to the list of companies whose products are in short supply. That allows these stocks to go higher for far longer than most investors expect. Sometimes it can go for years… A fine company like Micron, which I typically interview every three months, told me to lower my expectations of the coming, oh, the coming demand just a few quarters ago. I listened, but how could I know better than they did? Right? But it turns out I was right. Micron was being too conservative. It’s pretty shocking.”

Micron Technology, Inc. (NASDAQ:MU) produces memory and storage solutions such as DRAM, NAND, and SSD products for data center, mobile, automotive, and consumer markets. During the October 21 episode, a caller asked about the stock and Cramer responded:

“I like Micron, but it’s just had a parabolic move, and we can’t buy parabolics. We have to wait for it to come back down. I think it’s not that expensive because the numbers for DRAMs are coming up. But I do believe that you have to let that one have a little bit of a break before you jump in there.”