The top nail of semiconductors has people talking

CNBC's Jim Cramer said Monday that Goldman Sachs had upgraded Micron over the weekend and had injected optimism into the semiconductor industry.

An investment bank badyst predicted that the excessive supply of memory chips would sell faster than expected and that prices would begin to rebound in the third quarter. Goldman raised his price target on the stock from US $ 50 to US $ 56. He also launched a call for purchase at Micron.

"Micron is perhaps the most important player in the semiconductor market: their DRAMs and flash chips fit into almost anything," said the "Mad Money" presenter. "This upgrade, which came out yesterday, was the talk of the city in the Hamptons, of all places, I do not ask you."

Micron, which has a market capitalization of $ 52.1 billion, increased 3.67% during the session to close above $ 47 per share. Previously, the stock was about $ 33 a share, compared to about $ 33 a share, following the optimistic outlook when it released its June results. The rest of the semiconductor industry, including Texas Instruments, which released results on Tuesday, also made headlines.

While Goldman expected base chips to bottom out, semiconductor equipment companies such as Applied Materials and Lam Research have gained momentum, Cramer said.

"It makes sense: if you really believe that commodity chips have reached their lowest level, you recommend stocks of capital goods," he said.

Cramer said it would be a "mistake" to buy Apple stock before the release of its quarterly report next week – despite what Morgan Stanley said.

Morgan Stanley raised its price target on the stock from $ 231 Monday to $ 247, which resulted in a 2.3% increase in the stock during the session.

"One thing is certain after this race, it would be a mistake to buy Apple to enter the quarter, unless you get a significant withdrawal in advance, said the host." Apple game. "

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The millennial generation faces unique barriers in home buying, but the generation may have the right mindset for what it means to own, said Home Depot CFO Carol Tomé at CNBC.

By 2018, 33-year-olds were the largest group of first-time homebuyers, and they were investing in thinking investing, she said.

"They told us through our research:" We want to work at home because we think it's a good investment, "said Tomé in an individual interview with Cramer. "So that's music to our ears."

More on the interview here

During Cramer 's lightning party, the host of "Mad Money" comments in no uncertain terms his choice of shares of the day.

Range Resources: "It's natural gas, natural gas liquids, and we're staying very bearish about it – it's the weakest part of the entire oil chain."

Guardant Health: "Well, you know, it's a bit speculative, but it's a genetic sequencing and I recommend all these actions, be it Thermo Fisher or Danaher."

Disclosure: The Cramer Charitable Trust holds shares in Apple, Lam Research and Goldman Sachs.