Jim Cramer Suggests a Caller to Buy Back Coherent Stock After It Gets “Smashed”

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.

Stock market data. Photo by Jakub Zerdzicki on Pexels

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.

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