Buy, Sell, or Hold? Jim Cramer Evaluates 5 Stocks and the Fragile Food Market

In this article, we will list 5 Stocks that Jim Cramer evaluated while discussing the Fragile Food Market. Please visit “Buy, Sell, or Hold? Jim Cramer Evaluates 14 Stocks and the Fragile Food Market” if you’d like to see an extended list and how we arrived at it, as presented by Jim Cramer.

5. Lumentum Holdings Inc. (NASDAQ:LITE)

Lumentum Holdings Inc. (NASDAQ:LITE) is one of the stocks Jim Cramer evaluated, along with the fragile food market. Cramer noted that the company is a better performer than Coherent, as he said:

If you’re looking for groups to buy into weakness as rising oil prices crush the stock market, you can do a lot worse than the data center suppliers. Later this month, two optical companies are joining the S&P 500: Coherent, which we spoke to earlier this week, and Lumentum. Now, both of them are getting $2 billion investment from NVIDIA, but Lumentum’s been the better performer. It’s up nearly 900% over the past 12 months, despite an 8% decline today as part of that broader tech-led sell-off.

Lumentum Holdings Inc. (NASDAQ:LITE) designs and sells optical and photonic products, including lasers and components, for cloud networking, data centers, and industrial applications. Cramer mentioned the stock during the March 9 episode and commented:

Next, a week ago, we learned that NVIDIA was investing $2 billion apiece in a pair of fiber optic plays, Coherent and Lumentum. They both have a lot of exposure to AI infrastructure. Apparently, S&P and NVIDIA have the same style because both those stocks are getting added to the S&P 500… Lumentum is similar, except that stock has been even hotter. It’s up more than 1,300% from its post-Liberation Day lows. The stock’s a lot more expensive than Coherent on a price-to-earnings basis, higher risk, higher reward. But they’re both plays on optical networking equipment for the data center.