Cramer’s Intel Trade – SanDisk
“Investors who missed the opportunity to buy Intel (INTC) before it’s earnings beat might get a second chance on another chipmaker,” Cramer said on Wednesday’s “Mad Money” TV Show. Cramer told viewers to take a look at SanDisk (SNDK). He said like Intel, all the signs of a strong quarter are there, investors just need to look in the right places. Cramer pointed out that during a Novellus Systems (NVLS) conference call, the company said that NAND flash memory prices were up 75% on mainstream 16 gigabyte chips due to robust demand – NAND is used in smartphones and portable devices. Cramer said if this is the case, investors should buy SanDisk as a pure play on NAND demand, ahead of its next report. He mentioned that SanDisk is hated by Wall Street because the company rejected a takeover offer of $26 a share, when the stock was trading at just over $13. Cramer said that SanDisk is the only way to play the bull market in NAND flash. The company is seeing higher demand, it’s improving its manufacturing and its margins, and is a must have investment for the coming tsunami in mobile Internet devices. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!
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