Jim Cramer on Micron Technology (MU): “There is a Trade Here, Not an Investment”

We recently published a list of Jim Cramer Discussed These 9 Stocks Recently. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against other stocks that Jim Cramer discussed recently

A caller mentioned that Micron Technology, Inc. (NASDAQ:MU) is getting “a bit toppy” and asked what Cramer thinks of sticking with the company. This is what Cramer said in response:

“I think it is getting a little toppy. I think the market’s getting a little toppy and Micron’s going to go with it. Now, it went down to 66. I think it could go down to 80 without a problem, and then you’ll probably want to buy it again. But I sense that there is a trade here, not an investment, for the moment, and you need to do a little [kaching kaching].”

A close-up view of a computer motherboard with integrated semiconductor chips.

Micron Technology (NASDAQ:MU) manufactures and sells memory and storage products, including low-latency DRAM, non-volatile storage, and fast-read memory devices. They are offered under the Micron and Crucial brands and through private labeling. On April 28, Cramer made similar comments as he said:

“Alright, Micron’s just okay. The last couple quarters, not great. I think you’d be doing it at the low end, there’s no doubt about that. But my problem is, I don’t know a catalyst to get it to go higher.”

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Disclosure: None. This article is originally published at Insider Monkey.