Cramer Is A Buyer Of Skyworks Solutions Inc, Wants To Sell SanDisk Corporation

Speaking on

, Jim Cramer said that

has more room on the downside. He explained that two weeks ago the company came out with extremely negative preannouncement which caused a decline of 14 percent for the stock and it hurt the whole group. Despite lowering the bar,

missed on its earnings report last Thursday. Cramer believes that the company is a commodity producer of NAND flash memory and commoditized semi conductor stocks tend to get crushed when there is no shortage of supply. Additionally, he thinks that its products are inferior to the products of competition and it will take a year for the company to catch up. Cramer also sees a decline in margins for

. The Wall Street analyst are explaining the problems as temporary set backs, maintaining their buy ratings for the stock, which in Cramer's opinion means that there is a plenty of room for downgrades.

is a completely different story. It reported a double digit increase in revenues for the third time in a row and the stock reached its 52-week high on Wednesday. It has a ton of content in new iPhones, added Cramer, which is why it traded higher on a pretty bad day for the rest of the market. Its margins are expanding and the company is gaining new market share. A switch to 4G technology requires more radio frequency content, which is great for

. Cramer believes that it is not sustainable for two companies to trade at almost the same forward price to earnings ratio, and he expects

to trade lower.

has more room on the upside, especially after the heavy selling dries up. Cramer is a buyer of

but he thinks that it is going to be possible to buy it on a discount.