GT Advanced Technologies (GTAT) Higher Following Cramer Mention

GT Advanced Technologies (Nasdaq: GTAT) is positive with a little gusto behind its Friday following a positive mention by Jim Cramer on Thursday night.

Cramer called GT Advanced Technologies a Best for Your Buck stock, saying it was the best in the $10 to $50 trading range. The recommendation comes following an announcement not too long ago that GTAT and Apple (Nasdaq: AAPL) entered a deal for crystal sapphire.

Apple is offering $578 million for GT Advanced Technologies to build a prouction facility. Should crystal sapphire be more widely-used in the iPhone, it might spread to other Apple devices and other companies might also start adopting the technology. This would make GTAT shares significantly more valuable then they are today and might turn the company profitable in 2014.

Cramer cautioned that GT Advanced Technologies is still a speculative buy and investors should use buy-limit orders to avoid chasing the name.

Shares of GT Advanced Technologies are up 1.3 percent.

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