Flextronics International Ltd. (NASDAQ: FLEX) is surging this morning after a Jim Cramer tout last night on CNBC’s MAD MONEY after he said that the EMS operation is trading at just 12 times 2011 earnings and said he’s a buyer of FLEX. At 9:02 AM EST we have shares trading up 9% at $7.54 on almost 300,000 shares. Average volume is close to 9 million shares and the 52-week high here is $8.23. While this is not a 52-week high it is a high that has not been seen since OCT-2008. If this one ramps too much, we’d look for gains elsewhere in EMS rivals like Celestica Inc. (NYSE: CLS), Sanmina-SCI Corp. (NASDAQ: SANM) and Jabil Circuit Inc. (NYSE: JBL). -JON OGG
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