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Stock futures traded higher on Tuesday, indicating Wall Street will recoup some losses from Monday’s sell-off as investors turned their attention to a slew of earnings reports.
Jim Cramer of TheStreet spoke about the semiconductor industry with Jeff Marks, Senior Analyst at Action Alerts PLUS.
Nvidia (NVDA) – Get a report shares rose as the chipmaker prepared to start trading on a split adjusted basis.
The shares also rose 15% on Monday as many of its competitors fell in the market swoon on Monday.
Cramer: “Pick one and buy one here”
In his recent column on real money, Cramer said that “there is a huge demand for these tokens, but Wall Street has been too busy.”
He added that “I think you pick one up and buy it here.”
“The semifinals go up as long as there is a tightening,” Cramer told Marks, “and then the semifinals start to go down where there is a balance, not when prices go down. The balance is. a price predictor. “
Many investors sell Micron Technology (UM) – Get a report and advanced micro-devices (AMD) – Get a report, Cramer said, “and they don’t even think about the idea that these stocks maybe not as cyclical as we think and that there is a huge demand for them, out of step with the economy.”
“I think AMD and Nvidia have very little to do with economics and a lot more to do with high performance computing,” he said, “which is obviously the case with social media and computing. “
Cramer advised “to take a close look at some of the stocks that are down.”
“I’m not saying you have to buy Cisco (CSCO) – Get a report“, he said,” Cisco isn’t down that much. Selling power (CRM) – Get a report just had a big race. … You want to see if the stocks [have] been all right, and then you do some shopping. “
AMD, Cisco, Nvidia and Salesforce own Jim Cramer’s shares Action Alerts PLUS Investment Club. Want to be alerted before Jim Cramer buys or sells the shares? Learn more now.
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