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Jim Cramer's Stop Trading: Wireless Charging Could Boost Integrated Device Technology

NEW YORK (TheStreet) -- On CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, pointed out the strong price action in shares of Integrated Device Technology (IDTI - Get Report)

The company beat on revenue and earnings estimates late Monday, he said, but there could be something even better in store for IDT -- a wireless charging contract for Apple's (AAPL) iWatch under development. 

This is all unconfirmed, of course -- Cramer noted the best way of losing a contract with Apple is to say you have one -- but there is a lot of chatter, and Cramer said such a contract would be a game-changer for both companies.


-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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SYM TRADE IT LAST %CHG
IDTI $20.05 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
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TSLA $206.79 0.00%

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