will go back to a 52-week high after it reports solid earnings, Jim Cramer said on
"Stop Trading!" segment Thursday.
"This is the company in the whole telecom complex that I hear is having the best quarter," Cramer said. "It's the great bellwether here." Cramer liked how the stock "didn't even blink" after Merrill Lynch removed it from its focus list on Wednesday.
Despite a plunge in its shares Thursday, Cramer said,
." AMD will get 30% of the microprocessor market, he added: "Shame on the short sellers."
Among aluminum producers,
"is twice he company that
is," and with "the aluminum companies just on fire here I would go for it."
"Alcoa had one good quarter over a period of a decade," Cramer said. "I don't think people think it's for real. I think the move is very real and I think aluminum is here to stay."
"is resting here" in a "way station to higher levels."
, meanwhile, "go back to 52-week high territory" as soon as the
Cramer also said
might of paid too much for
. "If you had to do it over again, I don't know."
At the time of publication, Cramer was long Network Appliance.
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