CNBC’s Jim Cramer on Wednesday offered investors a list of seven semiconductor chip stocks he thinks could be attractive buys.
“I think there’s a feeling chipmakers will get hurt as we move towards one [Federal Reserve]-decreed recession,” said the Mad Money host, referring to the Fed’s upcoming rate hikes. “At these levels, I think some of them are looking pretty enticing,” he added.
Here’s his pick of the top semiconductor stocks with reasonable valuations and earnings growth:
“Reasonably priced growth abounds in this depressed market, and that includes the more contentious semiconductor space. Just be aware that these chip stocks could remain reasonably priced for the foreseeable future because Wall Street just doesn’t have any love — to date — for this whole damn bunch,” he said.
Cramer’s latest list of investable growth stocks comes after he highlighted four financials stocks and six travel and leisure stocks that buyers should have on their radar earlier this week. To select his favorite stocks in each sector, Cramer used the same list of stocks, which include companies from the S&P 500 that meet his criteria for fair valuation and earnings growth.
Disclosure: Cramer’s Charitable Trust owns shares of AMD.
Join the CNBC Investing Club now to follow Jim Cramer’s every move in the market.
Disclaimer
Questions for Cramer?
Call Cramer: 1-800-743-CNBC
Would you like to delve deep into Cramer’s world? open it up!
Crazy Money Twitter – Jim Cramer Twitter -Facebook Instagram
Questions, comments, suggestions about the Mad Money website? [email protected]