Cramer: Morgan Stanley's call on Micron just saved stocks from trade fears

Cramer: Morgan Stanley's call on Micron just saved stocks from trade fears

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/05/09/cramer-morgan-stanleys-call-on-micron-saved-stocks-from-trade-fears.html

As energy stocks rose on Wednesday after President Donald Trump exited the Iran nuclear deal, CNBC's Jim Cramer wanted to explain the simultaneous rally in the technology sector.

The "Mad Money" host said it all started with a research note released by Morgan Stanley. The analysts wrote that near-term conditions for semiconductors and the cloud were "exceptional" and reiterated their "buy" rating on shares of chipmaker Micron.