5 Stocks Jim Cramer Discussed in This Changing Market Including Dell and Microsoft

4. Marvell Technology, Inc. (NASDAQ:MRVL)

Marvell Technology, Inc. (NASDAQ:MRVL) was among the stocks Jim Cramer discussed in this changing market. Cramer noted the stock’s run after the company’s CEO’s comments, as he remarked:

Oh, then there’s Marvell Technology. Lots of people think that this one was totally uncatchable, but that’s untrue. Late last year, okay, get this, late last year, there had been this kind of noise about maybe Marvell had lost a huge chunk of business, okay? Last time CEO Matt Murphy had come on in December, when the stock was at $88, he told us that he just reported and there was no loss of business. People were lying about what he was saying.

I wanted you to listen to the adamancy of this man who spent several million dollars in the open market buying his stock, and you tell me what you’d do. “There’s all this noise out there. I am the signal. I know what’s going on. I have the visibility. I have the relationship with these customers. And so our business is rock solid in our data center.”… Does that sound like a man who’s in doubt about his company’s fortunes? I was two feet away from the guy, two feet. I wanted to wait until I was not frozen for the Trust.

You know, I was free to trade, but when I was free, did I buy it? No. You see, here’s why. Because I remembered when the stock was at $70, and now stock’s at $90. I had missed Marvell, my bad, next. Matt was the signal. Yeah, he really was. The company just reported a monster quarter this very night. That $88 stock traded to $218 today before succumbing to profit-taking this very evening. I whiffed. Hey, maybe I can try it tomorrow because it looks down.

Marvell Technology, Inc. (NASDAQ:MRVL) develops semiconductor solutions for data infrastructure, including system-on-a-chip designs, processors, and networking and storage products.