Micron Technology, Inc. (NASDAQ:MU) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation.
Cramer explained how to buy the stock, as he remarked: The fairly similar Micron sells for less than 12 times earnings, and it seems compelling, down 6% today
I’ve been waiting for Micron to come down. This may be the opportunity [buy, buy, buy]… So what do you do as someone who’s always looking for bargains? I think Micron’s the only possibility that I heard in that whole list.
It’s the hardware stock that can most easily turn itself around in the next move higher. I’d buy some right here and then wait for another, say 2 to 3% decline, to buy more. That’s how I’d get started.