Jim Cramer Highlighted 25 Stocks Like Apple, UnitedHealth, and the Rotation into Defensive Sectors

23. Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Applied Optoelectronics, Inc. (NASDAQ:AAOI) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. A caller asked for Cramer’s thoughts on the company and expressed interest in starting a position in the stock. He replied:

No, no. I want you to, if you’re going to go that way, you gotta go to Corning, okay?… The chart on all these is so bad that I can’t, it’s like, you know, like, let’s go skydiving, you take the ‘chute, I don’t need the ‘chute. I mean, now, I want the ‘chute, I’ll take the ‘chute… That’s the way I feel about it, like some guys go without the ‘chute. These charts all look like, hey, you know what, I don’t need the ‘chute. I think the ‘chute’s important.

Applied Optoelectronics, Inc. (NASDAQ:AAOI) designs and sells fiber-optic networking equipment, including lasers, modules, and transmitters. The company provides its products to internet data centers, cable television providers, and telecommunications manufacturers. A caller inquired about the stock during the lightning round of the May 11 episode, and Cramer responded:

Look, we’re in fiber optics La La Land, and I know my Charitable Trust has got it, too. I don’t recommend buying these stocks up here. They’re all parabolic, and that’s going to be not good for the market.