Top 10 Stocks to Watch as Investors Brace for Potential Recession

4. Micron Technology Inc (NASDAQ:MU)

Number of Hedge Fund Investors: 107

Jim Cramer in a program on CNBC said ahead of Micron Technology Inc (NASDAQ:MU) latest earnings that the company has been conservative in its guidance and warned investors to wait for a pullback that was likely to come on earnings.

“Micron, they report tonight. Sanjay Mehrotra. has, in the last three quarters, been saying a lot of very positive things about the previous quarter, and then he’s been very cautious. I have to imagine that in a world with tariffs, he’s going to be cautious again. So, if you’re trading it, if you’re stupid enough to be trading it, what I would tell you is do not take what the first number is, that’s not going to matter. It’s what he says in the guidance because if he says, “Well, tariffs and we’re worried,” you’re going to wish you didn’t pay 105.”

Cramer was right. Micron Technology Inc (NASDAQ:MU) stock fell sharply after the earnings and currently trades at $88, as of April 3. Cramer is bullish on the stock for the long term.

Micron Technology Inc (NASDAQ:MU) is one of the leaders in the High Bandwidth Memory (HBM) market and has been making strides in the smartphone market. The integration of Micron’s LPDDR5X memory and UFS 4.0 storage in the Samsung Galaxy S25 series signifies a major endorsement of its technological advancements and power-efficient memory solutions. Micron Technology Inc (NASDAQ:MU) focus on HBM, a critical component for AI-driven GPUs, was highlighted in Q2 results, showing a 38% YoY revenue increase to $8.05 billion, with DRAM sales, especially HBM, exceeding $1 billion for the first time. Micron Technology Inc (NASDAQ:MU) is strategically investing CapEx to expand HBM capacity, in line with the projected 70% YoY growth in HBM demand.