Mad Money: Micron Technology (MU), Sirius (SIRI), CSX Corporation (CSX)

On CNBC’s Mad Money, Jim Cramer said that Micron Technology, Inc. (MU) had a rather confusing conference call. The memory chip maker reported a disappointing outlook for its 2Q ending in Feb. prompting its shares to drop over 4% to $31.50 after hours. Cramer thinks the management should have done a better job on the CC and the stock would be up now. That said, it’s worth mentioning that Micron missed also on revenue growth, and any slight miss will be punished when considering the market’s weakness and volatility lately.
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On Sirius XM Holdings Inc. (SIRI), Cramer said he likes the name and sees it as a play on cars.

Shares OF Sirius XM Holdings Inc. closed up 1.79% at $3.41 on Wednesday. On valuation-measures, ticker has a trailing-12 and forward P/E of 48.71 and 28.42, respectively. P/E to growth ratio is 2.53, while t-12 profit margin is 10.15%. EPS registers at $0.07. The company has a market cap of $18.74B and a median Wall Street price target of $4.30 with a high target of $5.00.

On trading-measure, SIRI has a beta of 1.36 and a short float of 6.49%. In the past 52 weeks, shares of satellite radio services provider have traded between a low of $2.98 and a high of $3.83 with its 50-day MA and 200-day MA located at $3.49 and $3.47 levels, respectively.

SIRI currently prints a one year loss of about 11.66%, and a year-to-date loss of around 2.60%.
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Cramer sees CSX Corporation (CSX) hurting not only by the current fall in oil prices, but also because of coal, which is negatively affected by declining natural gas prices, he explained. The railroad transportation stocks are going to struggle for a while, but are going to recover, added Cramer.

CSX shares, currently valued at $33.77B, closed up 1.31% Wednesday. At $33.93, the name prints a one year return of 22.14% and a year-to-date loss of 6.35%. CSX has a 52-wk range of $25.84 – $37.99.

Video starts at the 8 minute mark.

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