SanDisk is yet another tech company doing well. J.P. Morgan upgraded the stock to overweight ahead of tomorrow’s earnings call.
Cramer said the company has on occasion not executed well, but he still thinks it’s a good investment.
“Let’s not give up on tech,” he said. “We’re coming to the seasonably strongest period for tech.”
Keycorp doesn’t seem to have the same worries others in the market do. The bank doesn’t expect an uptick in bad loans or a poor second half of the year. If PNC or Wachovia are looking for to expand through acquisition, Cramer said KEY would make a great buy.
Cramer recommended Yamana Gold at $15, but it’s sunk down to $12. He’s sticking with it, though.
“I think every portfolio should have gold in it,” he said. Cramer has been using AUY as his gold proxy.
Yamana is the growth stock of the group, he said, and he thinks of it as a long-term buy. The discount price tag just makes AUY that much more enticing.
“I think people should go back and look at this $12 name.”
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