Jim Cramer on Seagate: “They Have Super Growth”

Seagate Technology Holdings plc (NASDAQ:STX) is one of the stocks Jim Cramer recently commented on. Cramer mentioned the stock while discussing the storage business and stated:

“Of course, not all growth stocks are created equal. The questionable stocks these days are the ones that are in the data storage business: Sandisk, Seagate, [and] Western Digital. They’re now shortage stocks, meaning not enough people saw the demand for data storage coming. So they have super growth because they’ve got these storage machines and their stocks are roaring higher. I like them, but I know you have to sell them at a certain point because eventually they’ll pump out enough new supply to sate the demand.”

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Seagate Technology Holdings plc (NASDAQ:STX) makes hard drives, solid-state drives, and storage solutions for personal, gaming, and business use. During the October 24 episode, Cramer mentioned the stock and said:

“You want a stock that’s moved up in anticipation of a blowout that could give you a blowout times two? Well, that’s how I feel about the stock of Seagate. Yes, the disk drive company, which is supply-constrained. That’s a great thing to be in this environment.”

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