Jim Cramer gave AMD (AMD +1.6%) and Micron (MU +1.7%) favorable mentions during last night's...

Jim Cramer gave AMD (AMD +1.6%) and Micron (MU +1.7%) favorable mentions during last night's airing of Mad Money, and the chipmakers seem to be moving higher in response. Though not a fan of AMD's losses and debt, Cramer is bullish on account of the company's Xbox One/PS4 design wins, and thinks shares are likely to get upgraded. Regarding Micron, Cramer points out the company is benefiting from improving demand and less competition - a few investors already seem to have figured that out. (Micron FQ1: I, II)

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Comments (2)
  • wrscomncents
    , contributor
    Comments (1051) | Send Message
    Right on Cramer. AMD at $2.00 stinks and Micron at $9.00 not so good. AMD at $4.00 is great and Micron at $14.00 thumbs up. As always Cramer's late to the party. I do hope this helps the longs though. For some reason people listen to him.
    21 Jun 2013, 03:59 PM Reply Like
  • Stock Market Mike
    , contributor
    Comments (3598) | Send Message
    I think that's how it is with the majority of analysts - they're backwards looking. That's one of the reasons I come to SA and read what (being blunt here) amounts to a bunch of blogs from self-taught investors/analysts. Many people here focus more on how the story could unfold (forward looking), which is actually more useful and relevant. And they do a really good job supporting their cases!


    The recent articles from Ashraf Eassa, Michael Blair, Paulos Santos, etc. on INTC are good examples. Each one delves deeply into the corporation's future prospects, outlines risks, and outlines what they feel is most likely. A few (like Michael) have put their money where their mouth is, with rather bullish call options. That carries a lot of weight with me - far more than a paper title.


    I seem to be a contrarian investor. I went long ALU at just $1 on the GS loan info. I went long MU at $5.70 and added a bit more when it dipped lower. I got 1000 share of AMD at $1.86, and planned to average down... but it never went lower. I finally added a bunch more around $2.50 just before it blasted off. And I took advantage of the KKD downgrade (which seemed fishy to me, and I commented on that here) to load up on KKD a few weeks before it blasted to $17+. (I've since unloaded my position to look for another target.)


    Just following the advice of people here (and paying attention to downgrades and noting suspicious articles that come out), you can take advantage of big manipulated dips that never should've happened. I must say, it's providing quite spectacular returns so far! Loving SA and its authors!
    22 Jun 2013, 10:42 AM Reply Like
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