Jim Cramer Shows Bullish Sentiment as He Says He Would “Buy Lumentum”

Lumentum Holdings Inc. (NASDAQ:LITE) was among the stocks on Jim Cramer’s radar on Mad Money as he discussed the upcoming earnings. Cramer showed a bullish sentiment toward the stock, as he remarked:

Oh, you know what? Let me give you two more. I would buy Lumentum… Two companies that help the machines in the data center talk to each other.

Photo by Adam Nowakowski on Unsplash

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 April 1 episode and said:

Next up, the second-best performer in the S&P was Lumentum Holdings. That’s a fiber optics play that just got added to the index last week, hence the 90.7% gain in the first quarter after the stock quadrupled last year. As long as the AI data center build-out continues unabated, I think these fiber optics stocks can keep winning, although maybe not as much as they’ve been winning over the last 15 months. Still, good for them. Welcome to the big show, Lumentum.

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