Here's Why Jim Cramer Likes Western Digital Right Now

Cramer told members of his Action Alerts PLUS club for investors on exclusive conference call this week that Western Digital is a medium-term play for his charitable trust based on the idea that tech giants such as printer-and-copier maker HP Inc. (HPQ) - Get Report and its spin-off sister Hewlett-Packard Enterprise (HPE) - Get Report face temporary parts shortages.

"We wanted to take advantage of the fact that HP last week ... said that everything is in short supply, Hewlett-Packard Enterprise says everything is in short supply [and] we know that flash [memory] is in short supply. Cramer said in the call.

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