Jim Cramer Says Dell Faces Pricing Pressure From Storage Suppliers
Dell Technologies Inc. (NYSE:DELL) is one of the stocks Jim Cramer talked about, along with market froth. Noting that the stock is down more than 30% since its high nearly three months ago, a club member sought Cramer’s thoughts on the stock. He stated: Okay, I like Dell very much. Here’s the problem. They are a big buyer of storage. They’re a buyer of Micron. They’re a buyer of these disk drives. They’re buyer of all the companies that are in tight supply, and those companies keep raising prices to Dell, ...