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Jim Cramer: Applied Materials (AMAT) Stock Has 'Room to Run'

NEW YORK (TheStreet) -- TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS charitable trust, made some bullish remarks about Applied Materials (AMAT - Get Report) however, he prefers Lam Research Corp. (LRCX).

He pointed out that Applied Materials has "room to run," and that it also has a solar division that it could spin off at any given time.

Shares are rising 0.96% to $20.99 on Monday afternoon.

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