Jim Cramer Suggests Buying Semiconductor Capital Equipment Makers Like Applied Materials “If We See the $120 Oil”

Applied Materials, Inc. (NASDAQ:AMAT) is one of the stocks Jim Cramer looked at. Cramer discussed the stock during the episode, as he remarked:

If we see the $120 oil, those are the four stocks you gotta reach for, or you can go with the semiconductor capital equipment makers, a little less risky. Lam Research and KLA… You can do AMAT too, Applied Materials. The memory shortage will ultimately drive lots of businesses their way. Again, though, none of these will be real winners until the war ends and the decline runs its course.

A stock market data. Photo by AlphaTradeZone on Pexels

Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, software, and services that help manufacturers produce semiconductors and other electronic devices. A caller highlighted their massive gains from the stock and inquired about it during the February 27 episode. Cramer replied:

Alright, now I will tell you that both Jeff Marks and I were talking about adding Applied Materials to the bullpen. It got away from us. I actually think, and I know this is a little radical because I like Gary Dickerson so much, I would take a little bit off. It’s a parabolic chart, and then come back to it if you want to, but not more than that because I gotta tell you, that’s a great, great position… Congratulations.

We mentioned the stock while discussing the top stocks that will make you rich in 10 years. You can read about it here.

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