Cypress Semiconductor has soared a whopping 164% since Cramer last recommended the stock in September 2008. During Tuesday’s Mad Money, he told viewers that CY could go even higher.
Cramer predicted the Cypress could be an historic example of tech’s booming cycles, distinguishing itself from the rest of the sector. Much in the way that Microsoft and Yahoo! reached nosebleed heights of prominence with the advent of the personal computer and Internet, Cypress Semiconductor might be a household name thanks to the rise of mobile Web.
The key for investors is to find these kinds of stocks and ride them to the top. That, of course, takes some homework. Cramer did his on Cypress. He likes the company’s exposure to the growing smartphone market and our need – it’s no longer a want – for constant online access. Plus, CY beat the Street’s earnings expectations for the most recent quarter and offered “blowout” guidance for the next.
Of course, nothing will give you a better look at a firm than a talk with its CEO. And luckily for viewers, Cramer has that kind of access. So to get a more thorough look at Cypress and its prospects, he invited CEO and President T.J. Rodgers onto the show for an interview. Does this stock still have momentum? Watch the video to find out.
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