Jim Cramer on Lumentum: "It's Okay as Long as You Recognize It's a Spec"

Lumentum Holdings Inc. (NASDAQ:LITE) is one of the stocks Jim Cramer shed light on. Answering a caller’s query about the stock during the lightning round, Cramer said:

“Yeah, I mean, look, this is just a red-hot spec stock that actually makes money. I’m going to say it’s okay as long as you recognize it’s a spec.”

Lumentum Holdings Inc. (NASDAQ:LITE) produces optical and photonic products, including chips, components, and lasers, which support cloud data centers, AI infrastructure, and several manufacturing sectors such as semiconductors, solar cells, and electric vehicle batteries. During the September 12 episode, a caller mentioned that they had taken a position in the stock long ago and sought Cramer’s advice on whether they should hold or sell the stock. The Mad Money host responded:

“No, no, we’re going to sell half on Monday morning. Half, okay? Then we’ll play with the house’s money, and we’ll be incredibly happy, even happier than we are now.”

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Disclosure: None. This article is originally published at Insider Monkey.