Jim Cramer Recently Answered Questions About These 10 Stocks

2. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 94

Micron Technology, Inc. (NASDAQ:MU) is one of the stocks Jim Cramer recently answered questions about. A caller asked Cramer’s thoughts on the stock, and he replied:

“I like Micron, but it’s just had a parabolic move, and we can’t buy parabolics. We have to wait for it to come back down. I think it’s not that expensive because the numbers for DRAMs are coming up. But I do believe that you have to let that one have a little bit of a break before you jump in there.”

Micron Technology, Inc. (NASDAQ:MU) develops and produces memory and storage solutions and provides supporting software, design tools, and firmware. On October 6’s episode of Squawk on the Street, Cramer commented:

“[On Morgan Stanley upgrade] Yeah I mean look you had to buy it right after they reported the quarter and then the stock went down badly. Of course it went down for no reason whatsoever… Look, Sanjay came on our show, Sanjay Mehrotra, from Micron, and he, he is a humble person. And the stock got clobbered in part because he didn’t say me, me, me. I’m great, I’m great, I’m great. That’s not his nature. That’s what a fifth grader does. He’s not a fifth greater.”