"You buy Home Depot before a rate cut, so I mean, it's ridiculous that this stock was down 15.
That's just a knucklehead thing to do," Jim Cramer said.
On Holding : Shares have been volatile after the Swiss shoemaker reported a better-than-expected quarter but maintained its full-year profit outlook.
While analysts maintained their buy-equivalent rating on the stock, they warned that the memory chipmaker could see an increase in inventory, as well.
"I like someone who is buying back" their own stock, Cramer said, referring to Micron's recent announcement that it restored its share repurchase program after pausing it in December 2022.
Persons:
Jim Cramer's, That's, Jim Cramer, Cramer, Baxter, Carlyle, Hormel
Organizations:
CNBC, Club, Hormel, Citigroup, Micron Technology
Locations:
Swiss