Shares of Universal Display (OLED) surged on Friday following its earnings report on Thursday. "When I see OLED up this much it makes me think wow, they must be building a lot of Apple (AAPL) iPhone 8s and be quite confident," Cramer said.
Watch more of Jim Cramer's latest videos:
- Jim Cramer on Shake Shack: This Company Should Have a Low Multiple
- Jim Cramer: I'm Not Backing Away From IBM
- Jim Cramer: This Jobs Number Was Terrific
- Jim Cramer: There Are People Who Misjudged Oil
- Jim Cramer: Apple Isn't Getting Enough Credit for Its Services Business
Jim Cramer and the AAP team know what's causing oil prices to decline, and they're telling their investment club members what to do about Apache (APA) , Schlumberger (SLB) and Cimarex (XEC) . Get a free trial subscription to Action Alerts PLUS.