ASM International was downgraded to hold from buy at TheStreet Ratings on Wednesday. TheStreet Ratings gives ASM International a C+ grade. The stock closed Friday at $36.03 and has risen 23.98% year to date.
Jim Cramer makes the calls on Tanger Factory Outlet Centers, Gilead Sciences, and Qorvo in the 'Mad Money' Lightning Round.
Ahead of Fed's June meeting, investors will need to start paying close attention to Fed officials and economic data.
Outlet mall shopping has proven to be pretty resilient despite the growth of e-commerce, and this stock's valuation is cheap versus historic norms.