Jim Cramer Says Applied Materials’ China Orders Were ‘Fantastic’

Jim Cramer says Applied Materials 'is back' on the heels of strong China orders, but investors shouldn't chase the stock.
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TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer says Applied Materials (AMAT) - Get Report 'is back' on the heels of strong China orders, but investors shouldn't chase the stock. The semiconductor company posted a $320 million profit for its most recent quarter, compared to $364 million during the same quarter last year, but orders hit their highest level in 15 years. Cramer is also fond of NXP Semiconductors (NXPI) - Get Report .

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.