Jim Cramer Discussed 27 Stocks, Like Arm and Lockheed, and the Recent Market Sell-Off

12. Coherent Corp. (NYSE:COHR)

Coherent Corp. (NYSE:COHR) was among the stocks Jim Cramer discussed on Mad Money, along with the recent sell-off in the market. When a caller inquired about the stock, Cramer commented:

Yeah, okay, so here’s the problem… And thank you for calling about Coherent… For the Charitable Trust, I got a couple of stocks like this, and I got a feeling that they could really get hit. I want you, actually, if you own it, to sell half right around here, even if it’s down 25 and then wait, okay? I want to do that for some of the stocks that I had talked about on air and really couldn’t. But I feel like they’re going to get really smashed, and then you can buy back that stock that you sold.

Coherent Corp. (NYSE:COHR) manufactures engineered materials, laser systems, and optoelectronic components used across the communications, industrial, and electronics sectors. Cramer called it “terrific” during the March 11 episode, as he said:

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. Coherent’s rallied more than 450% from its post-Liberation Day lows last April. It’s now a $47 billion company. I’m very excited about this because we’re going to have on this one tomorrow, CEO Jim Anderson, for an interview. That’ll be something. This company, I think this company’s just terrific.