Jim Cramer’s Lightning Round: 8 Stocks in Focus

4. Marvell Technology, Inc. (NASDAQ:MRVL)

Number of Hedge Fund Holders: 105

Noting Marvell Technology, Inc. (NASDAQ:MRVL) stock’s recent decline, a caller asked what they should do with their position. This is what Cramer had to say in response:

“Okay, Marvell has experienced a historic decline, which is incredible because it’s actually, in earnings, having a historic advance. At this point, I have to tell you, I think Matt Murphy’s stock has been punished enough. It does have a, I know that without a doubt, someone’s gonna say, Jim, did you not see the head and shoulder pattern here? I don’t care. I think you buy a quarter position now and then if it gets to 50, you buy a little more and use a five-point increment after that and I think you’ll do fine. Remember, he bought a ton of stock. Remember he bought a million dollars worth of stock above here.”

Marvell (NASDAQ:MRVL) is a semiconductor company that provides solutions for data infrastructure and offers products tailored to the needs of modern data centers.