Cramer: Buy Western Digital, Micron, Seagate on oil-driven dips

Jim Cramer has a buying database ready. He conscionable needs lipid to manus him the sale.

"Western Digital, Seagate, SanDisk, and Micron could each beryllium bought connected a large determination down due to the fact that of oil. If we spot $120 oil, those are the 4 stocks you've got to scope for." That's the thesis: these aren't buys close now, but an oil-driven marketplace panic is what Cramer says would make the introduction constituent successful his framework.

The underlying crushed to ain them hasn't changed. Cramer framed this astir a confirmed representation shortage that, per HP Enterprise, "is going to spell connected for overmuch longer than radical think." The information backs that up astatine each level of the stack.

Western Digital (NASDAQ:WDC) is present a pure-play hard thrust institution aft spinning disconnected its flash concern successful aboriginal 2025. The AI information halfway buildout is its full crushed for existing, and the numbers amusement it. Q2 FY2026 gross deed $3.02 billion, beating estimates, with non-GAAP gross margins expanding to 46.1%. CEO Irving Tan enactment it directly: "Western Digital's beardown show this 4th reflects our disciplined execution to conscionable request successful the AI-driven information economy." The banal is up 56% year-to-date, which is precisely wherefore Cramer says it needs a pullback earlier he'd propulsion the trigger.

READ: The expert who called NVIDIA successful 2010 just named his apical 10 AI stocks

Micron Technology (NASDAQ:MU) is the astir compelling cardinal communicative successful the group. Q1 FY2026 gross grew 57% year-over-year to $13.64 billion, with GAAP gross margins expanding from 38% to 56%. The guardant guidance is adjacent much striking: Q2 FY2026 gross guidance of $18.70 cardinal with non-GAAP EPS of $8.42. CEO Sanjay Mehrotra called Micron "an indispensable AI enabler" with bid books extending into 2027. The banal trades astatine a guardant P/E of conscionable 12x contempt that maturation trajectory, a valuation spread that has drawn important treatment among retail investors connected Reddit.

Seagate Technology (NASDAQ:STX) rounds retired the retention trio. Analysts transportation a statement people of $475, with 19 bargain oregon beardown bargain ratings against conscionable 1 beardown sell. The banal is up 40% year-to-date but has pulled backmost 9% implicit the past month, already showing the volatility an lipid spike could amplify.