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If Stephen Curry Is for Real, Under Armour May Get a Move: Cramer

July 10, 2023
in Trade Tube
Reading Time: 2 mins read
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Jim Cramer answers viewers’ Twitter (TWTR) questions from the floor of the New York Stock Exchange. After chipmaker Avago Technologies (AVGO) said it agreed to acquire rival Broadcom (BRCM) for $37 billion in cash and stock, shares of both companies rose in Thursday trading. In response to one viewer who asked if he should stay with Broadcom here or take profits, Cramer says he’s a big believer that when you get a huge win like that, you should ring the register. He adds that Avago numbers could be bumped up so tomorrow would be a good time to take profits. In terms of other opportunities in the space, Cramer says that Marvell Technology (MRVL) is interesting but he prefers Integrated Device Technology (IDTI), which is behind the charging station that is key for the Apple (AAPL) Watch and is the cheapest in the group now. He reveals why he is not a fan of SanDisk (SNDK), which he says is not in a sweet spot. He warns investors who want to own it for takeover rumors may get hurt when the company reports earnings — the same problem he sees with Qualcomm (QCOM). Another viewer asks if now is a good time to jump in on Chipotle (CMG) — and Cramer believes it is, especially as names within the group like Jack in the Box (JACK), DineEquity (DINE), Popeyes Louisiana Kitchen (PLKI) and Sonic (SONC) come back. Tweet your questions @jimcramer using #CramerQ.

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