Jim Cramer on Micron (MU): “It’s a One-Way Stock – Buy a Quarter and Wait”

Insider Monkey
04-18

We recently published a list of 12 Stocks on Jim Cramer’s Radar Recently. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against other stocks that on Jim Cramer’s radar recently.

On Tuesday, Jim Cramer, host of Mad Money, criticized the market’s reaction, or lack thereof, to the recent dip in long-term interest rates. He pointed out that the 10-year Treasury yield had fallen back to 4.3%, yet barely anyone took notice. “Maybe, just maybe, it’s no big deal,” he said.

“Long-term interest rates plunged today, but did you hear a word about it? Nobody paid any attention to the interest rate decline. I never heard anyone talk about it, especially the very people who kept warning that ever higher rates were signaling that our financial system was in real trouble.”

READ ALSO Jim Cramer Discussed These 12 Stocks Recently and Jim Cramer is Bullish on These 10 Stocks

Cramer said that the same voices who claimed that higher rates were indicative of a collapsing faith in the U.S. economy, a threat to the dollar’s reserve currency status, and harbingers of hyperinflation or stagflation suddenly had nothing to say now that rates were moving in the opposite direction.

He quipped, “Let’s get some ex-Federal Reserve people or even some live ones to tell us that the party’s over.”  He called out what he sees as an eagerness among some to spread gloom whenever it suits their narrative. When the rates drop, he noted, the reaction is indifference. He added:

“That’s how this issue’s been covered for ages, but it’s only gotten worse since Trump has sworn in.”

Cramer acknowledged the seriousness of the United States’ $36 trillion national debt and said he does not blame people for being concerned about Treasury yields. However, he insisted that if people are going to sound the alarm when yields rise, they should at least acknowledge or feel some level of reassurance when they decline. Cramer admitted that the political climate in Washington is confusing and, at times, legitimately troubling for markets. He added:

“But like yesterday, when I opined about the chicken littles who tell us that a weak dollar means a weak country and a terrible stock market, I’m going to demand that people stop making Treasury mountains out of Treasury molehills.”

Our Methodology

For this article, we compiled a list of 12 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 15. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 94

A caller asked Cramer’s thoughts on Micron Technology, Inc. (NASDAQ:MU), and he commented:

“You know, Micron is at 10 times earnings. I really wanted it at six, seven times earnings. That said, Micron is a one-way stock. It has a great year and then a bad year. The stock has been more than cut in half. I’m willing to venture that, more than cut in half. You can put a quarter position on no more than that, and then wait for it to drop back down. It’s at $71, it traded at $61. I would buy another quarter if it traded at $61 and then wait and see, but it is not an up stock as much as I like it.”

Micron (NASDAQ:MU) focuses on creating and producing memory and storage technologies. It provides fast, low-latency semiconductor components and non-volatile memory products.

Overall, MU ranks 4th on our list of stocks that on Jim Cramer’s radar recently. While we acknowledge the potential of MU as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MU but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

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