Universal Display Corp (NASDAQ: OLED) shares have surged over 118% year-to-date in 2017, fueled by widespread reports that Apple’s iPhone 8 will offer a new cutting edge display based on organic light emitting diode (OLED) technology licensed and supplied by Universal Display.
Television personality Jim Cramer’s vocal support has been a key factor in UDC’s rise. Cramer first recommended OLED stock when it traded in the mid 50s last September. And as recently as May 8 on CNBC’s Stop Trading, with OLED stock already up over 100% for the year, and trading with a PE of about 100, Cramer reiterated his bullish case for UDC in a one minute segment, saying:
I would not get in front of this juggernaut....
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