Jim Cramer on Sandisk: “I Don’t Like to Recommend the Ones That are in Parabola Mode”

Sandisk Corporation (NASDAQ:SNDK) is one of the stocks Jim Cramer had in this week’s game plan. Cramer mentioned the company’s “parabolic run” during the episode and commented:

“We got a couple real good ones lumped in here today. We got Affirm for buy now, pay later, Sandisk for tech storage, and MP Materials for rare earth materials. All three have had, they’ve had tremendous stories to tell for a while now. Although Sandisk has had a huge and now parabolic run, and I, you know, I don’t like to recommend the ones that are in parabola mode.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

Sandisk Corporation (NASDAQ:SNDK) manufactures data storage devices and solutions based on NAND flash technology. The company’s products include solid-state drives, embedded storage, removable cards, and USB drives. Cramer highlighted the company during the October 24 episode and said:

“When you’re supply-constrained, you have the ability to raise prices, and that’s the holy grail in any industry. Now, we keep hearing this phrase. Consider three of the strongest stocks in this market: Sandisk, Western Digital, and Seagate. You’ve seen them on the new high list all the time. They make storage devices vital for the data center explosion. All three have pricing power. This is a big deal because these three companies have struggled for pricing for years. They’re textbook commodity tech plays. When there’s too much supply, they can’t make the numbers. But when supply is tight, and demand’s outrageous, holy cow. Boom.”

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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