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 Integrated Device Technology, Inc. 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) - Get Apple Inc. Report 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.