Western Digital Corporation (NASDAQ:WDC) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation.
Cramer mentioned the stock during the episode and said: Western Digital’s down nearly 5%
It’s a memory stock that trades at 46 times earnings. That seems too rich to me. A woman reading and analyzing stock market data.
Photo by Artem Podrez on Pexels Western Digital Corporation (NASDAQ:WDC) designs and supplies data storage solutions, including internal and external hard drives, portable drives, data center platforms, NAS systems, and related accessories. Cramer highlighted the company during the February 2 episode and stated: Western Digital, the company that spun off Sandisk about a year ago, was in fifth place, up 45%. Micron is run by Sanjay Mehrotra, one of the founders of Sandisk.