We recently published a list of Jim Cramer Recently Talked About These 12 Companies. In this article, we are going to take a look at where MU stands against other stocks that Jim Cramer discussed recently.
Jim Cramer, host of Mad Money, warned investors on Friday that until there is more clarity regarding the tariff situation, they should brace for continued volatility. His comments followed a day where President Trump suggested that he might be open to flexibility regarding tariffs, leading to a modest rise in the markets.
“After an okay day where President Trump indicated that he might be willing to be flexible in the tariffs, a day where the Dow ultimately gained 32 points, the S&P advanced 0.08%, and then Nasdaq rose 0.52%. After a hideous opening, that made little sense. How do we handle this crazy environment? One way is to get out of the office as we did this week and talk to real business people.”
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Cramer went on to explain that although there are real bargains to be found in the market, investors are hesitant to take advantage of them due to a prevailing sense of fear driven by analysts, hedge funds, and journalists. He pointed out that this fear has been exacerbated by talk of a stagflation scenario.
While Cramer himself disagrees, he mentioned that this is a glass-is-half-full scenario, if not more. He expressed confidence that the tariff issue will eventually be resolved, and when it is, investors will likely be able to move forward without that overhang.
“You can see that stocks want to go higher. If we get just a little bit of a reason to be more positive about the looming April 2nd wave of tariffs, stocks can bounce. It doesn’t even have to be much.”
On Friday, during a midday press appearance from the Oval Office, President Trump used the word “flexibility” when discussing tariffs, stating, “The word flexibility is an important word. Sometimes it’s flexibility. So there’ll be flexibility, but basically it’s reciprocal.” Cramer admitted that this statement did not provide much new clarity, but noted that the market seemed to respond positively to the mention of flexibility. He personally shared that he likes the idea of flexibility as well.
“After all of the major averages were decidedly negative this morning, all then finished in positive territory proving once again that there is too much gloom.”
Our Methodology
For this article, we compiled a list of 12 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 21. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A close-up view of a computer motherboard with integrated semiconductor chips.
Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders: 94
Discussing the market negativity recently, Cramer mentioned Micron Technology, Inc. (NASDAQ:MU) and stated:
“The negativity even extended to companies with reports that I thought were very positive, such as chipmaker Micron. When Micron reported last night after the close, the shares initially climbed nearly 7% in after-hours trading. But overnight investors decided that, well, in fact, they hated the quarter and the stock was well in the red before the opening bell.”
Micron (NASDAQ:MU) specializes in designing, developing, and manufacturing memory and storage products, offering high-speed, low-latency semiconductor devices and non-volatile memory solutions. On March 21, JPMorgan reduced its price target for MU stock to $135 from $145 and maintained an Overweight rating on the stock.
According to the analyst, Micron (NASDAQ:MU) posted “strong” revenue and earnings per share for the February-ending quarter, with sustained momentum and pricing strength in HBM outweighing a higher proportion of consumer sales in traditional DRAM and NAND. The firm expects the stock to continue outperforming through 2025 as the market factors in stronger revenue, margins, and earnings, but it lowered its price target after adjusting its forward estimates.
Overall, MU ranks 3rd on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of MU as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.