Goldman Sachs upgraded Micron over the weekend, fueling optimism in the semiconductor sector – and investors are speaking, said CNBC's Jim Cramer.
An investment bank analyst predicted that excess supply of memory chips will sell faster than thought and prices will begin to recover in the third quarter. Goldman raised its price target for the stock from $ 50 to $ 56 and issued a purchase call for Micron.
"Micron is perhaps the most important semiconductor manufacturer on the market: their DRAMs and flash chips are in almost everything," said the moderator of "Mad Money." "This upgrade, which came out yesterday, was just the talk of the city in the Hamptons, I'm not kidding you."
Micron, with a market capitalization of $ 52.1
With Goldman forecasting commodity chips to bottom, semiconductor equipment companies like Applied Materials and Lam Research saw a boost, Cramer said.
"Makes sense: If you really believe that the bottom of the commodity chips has been reached, then you recommend the stocks of capital goods," he said.
On Morgan Stanley's Brave Call
A television shows Apple stock reports while traders work on the floor of the New York Stock Exchange on September 23, 2013.
Spencer Platt | Getty Images
Cramer said it was a "mistake" to buy Apple shares ahead of its quarterly report next week – despite Morgan Stanley's testimony.
Morgan Stanley raised his price target for the stock from $ 231 to $ 247 Monday, which caused the stock to rebound by 2.3% during the session.
"One thing is for sure, after this run, it would be a mistake to buy Apple for the quarter, unless you were going to make a significant pullback before," the host said. The gap between the bulls and the bears is just too big for us game Apple.
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Millennials face unique hurdles when buying homes, but the generation may have the right mindset for what it means to be a homeowner, Home Depot's CFO Carol Tomé told CNBC.
33-year-olds formed the largest group of first-time buyers in 2018, and they're shopping for investment, she said.
"They told us through our research:" We want working at our house because we think it's a good investment & # 39 ;, Tomé said in a one-on-one interview with Cramer. & # 39; So that's music for our ears. & # 39;
More about the interview here
Cramer's Blitz Round: We remain very bearish on natural gas
In Cramer's Blitz Round, the "Mad Money" "host rips off his thoughts on the stock selection of callers of the day.
Resources: "It's natural gas, natural gas, and we remain very bearish about it. It is the weakest part of the entire Petro chain. "
Guardant Health:" Well, you know, it's a little speculative, but it's a gene sequencing and I've recommended all these stocks, be it Thermo Fisher or Danaher.
Disclosure: Cramer's charitable foundation owns stakes in Apple, Lam Research and Goldman Sachs.