Jim Cramer says Seagate is the ‘key to this market’ after blowout earnings

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CNBC host Jim Cramer said Seagate Technology was the key to the market after the storage provider posted outstanding quarterly results. Shares surged in after-hours trading, recovering from an 18% decline over three sessions. These results contrast with SK Hynix, which Cramer described as having a confusing quarter and commentary. Seagate remains up 175% year-to-date, despite a 30% drop from its all-time high of $1,145 reached on June 18. In late morning trading, the stock was up 2% while the Nasdaq fell more than 1%.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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