STMicroelectronics N.V. (NYSE:STM) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation.
A caller sought Cramer’s opinion on the stock, and here’s what he had to say in response: We’re late, we’re late, we’re late. 51 times earnings does not make it for me, even if it’s a good company
Stock market data. Photo by Burak The Weekender on Pexels STMicroelectronics N.V. (NYSE:STM) is a semiconductor manufacturer that designs and produces electronic components, including sensors, power management solutions, and microcontrollers. Cramer was bullish on the stock when a caller inquired about it during the January 16 episode.
He commented: It’s cheap. It’s good. Now, people say it’s cheap.