Media
Cramer's #4 Speculative Tech Pick: ON Semiconductor (ONNN, TKLC, BRCD, CDNS)
Published:
Last Updated:
Jim Cramer came out with his fourth speculative technology stock pick on CNBC’s MAD MONEY tonight. His #4 pick for the basket is ON Semiconductor Corp. (NASDAQ: ONNN). He said the company did a monster beat of earnings estimates yesterday and gave guidance that was better than expected. It acted cautiously optimistic but Cramer noted two quarters of visibility. He said this stock should not have fallen today, and that was because tech sold off.
The company is getting its balance sheet better and is paying down debt. ONNN offers power, analog, digital signal processing, mixed signal, logic, data management semiconductors…. This closed down 6% at $5.71, but traded up 11% to $6.30 in the first after-hours session. The 52-week trading range is $2.35 to $10.85.
Cramer has been making other picks this week for a basket of speculative tech stocks in the down and out sector. His other picks from this week are as follows:
- Monday was Tekelec (TKLC) FULL DETAILS
- Tuesday was Brocade (NASDAQ: BRCD) FULL DETAILS
- Wednesday was Cadence Design (NASDAQ: CDNS) FULL DETAILS
Stay tuned tomorrow as we will get the last pick of this speculative technology stock basket.
JON C. OGG
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
