Kramer names 7 bit-down semiconductor stocks that look ‘tempting’

CNBC’s Jim Kramer on Wednesday gave investors a list of seven semiconductor chip stocks that he believes could be attractive purchases.

“I think there’s an idea that chipmakers will get hurt when we go into one [Federal Reserve]-Directed recession, “said the host,” Money Money, “referring to the Fed’s upcoming interest rate hike.” At this level, I think a bunch of them are starting to look quite tempting, “he added.

Here are his picks for the best semiconductor stocks that have a reasonable valuation and earnings increase:

1. Micron
2. Western Digital
3. Small instruments of the future
4. Skyworks Solutions
5. Complaints
6. Lam research
7. Applied materials

“Reasonable price growth is plentiful in this volatile market, and includes more controversial semiconductor spaces. Just be aware that these chip stocks may be reasonably priced in the near future because Wall Street just didn’t get any love – until today – for this whole Darn Group, “It simply came to our notice then.

Kramer’s latest list of investable growth stocks comes after he highlighted four financial stocks and six travel and leisure stock buyers should be on their radar earlier this week. In selecting the stock of his choice in each sector, Kramer uses the same list of stocks compiled by the company in the S&P 500 that meet its criteria for reasonable valuation and earnings growth.

Disclosure: Owner of shares of Kramers Charitable Trust AMD.

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