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). 

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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