Jim Cramer's breaking down Micron's latest upgrade.
"Makes sense: If you really believe commodity chips are bottoming, then you recommend the capital equipment stocks," he said.A television shows Apple stock reports as traders work on the floor of the New York Stock Exchange on September 23, 2013.ahead of its quarterly report next week — despite what Morgan Stanley says.
Morgan Stanley upped its price target on the stock to $247 from $231 Monday, which triggered the stock to rally 2.3% during the session. "One thing's for sure after this run, it would be a mistake to buy Apple going into the quarter, unless you get a meaningful pullback beforehand, the host said. "The gulf between the bulls and the bears is just too wide for us to game Apple.
"They've told us through our research, 'We want to work on our house because we think it's a good investment,'" Tomé said in a one-on-one interview with Cramer. "So that's music to our ears."
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