In his Wednesday’s "Mad Money Lightning Round" on CNBC, Jim Cramer said that there is a low possibility of Microsoft MSFT hitting $26 or $27. He advised traders wanting to invest in software should buy Salesforce.com CRM. While MSFT gained 0.72%, CRM added 0.64% in after hours trading.
When asked about SanDisk SNDK, Jim said that "This is the flash play on Apple AAPL.” He told traders that he also likes Cirrus Logic CRUS, Skyworks Solutions SWKS and ARM Holdings ARMH. While SNDK gained 0.64% in after hours, AAPL advanced 1.15% in pre-market.
Jim said that International Paper IP is doing a great job and diversifying in an area that is seeing growth. He stressed that he likes the company. After falling 3.25% in yesterday’s trading, IP moved up 0.04% in after hours.
According to Jim Cramer, Cytec Industries Inc CYT is on fire and he has preference for the company ever since it was formed. CYT jumped 16.52% yesterday.
When a trader asked him about Swift Energy SFY, Jim said that SFY is an impressive company. “I think you have a good stock there," he added. SFY fell 1.97% in yesterday’s trading.
To see more trading ideas, click here.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: CNBCLong IdeasNewsJim CramerShort IdeasMarketsMediaTrading IdeasApplication SoftwareComputer HardwareComputer Storage & PeripheralsEnergyInformation Technologymad money Lightning RoundMaterialsOil & Gas Exploration & ProductionPaper ProductsSemiconductorsSpecialty ChemicalsSystems Software
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in