A hot way to play 4G

JDS Uniphase is the right stock for the right time as people look beyond Qualcomm.

By Jim Cramer Feb 14, 2011 10:25AM

jim cramerLast week, I took a look at one of my favorite stocks, JDS Uniphase (JDSU), to ponder whether the deal is done and the stock had run. I came back with an unequivocal no, not yet, and backed it up with Ken Shreve's analysis (man, has he been hot).

 

You can always tell when a stock is under-owned, and that's what JDS Uniphase must be, as it gapped up and then just continued to ramp on top of the gap. I think people have been looking for 4G plays, trying to broaden beyond Qualcomm (QCOM), and have stumbled on JDS Uniphase as a company that you must use to test 4G systems. It looks like the company will be rolling out a new line this week at the big Barcelona telecom equipment conference.

 

I also think people are recognizing that JDS Uniphase powers a key portion of the Kinect, the cool-as-all-get-out Microsoft (MSFT) game system -- and you don't have to own the boring Microsoft stock to get the benefit. (Microsoft owns and publishes MSN Money.)

 

Post continues after video:

Can it keep going? I have to tell you, I read the chatter about how my TV show has got the stock going, and how it is a big short squeeze now. I have no doubt that there's a squeeze going on, but I know it isn't because of my TV show. It is simply the right place at the right time, as right as it was wrong for a decade.

 

If I owned it, I’d stay long into Barcelona and then perhaps take some profits.

At the time of publication, Cramer had no positions in stocks mentioned.

 

Jim Cramer is co-founder and chairman of TheStreet. He contributes daily market commentary for TheStreet's sites and serves as an adviser to the company's CEO.

 

Follow Cramer's trades for his charitable trust.

 

Related Articles

0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

113
113 rated 1
268
268 rated 2
422
422 rated 3
632
632 rated 4
512
512 rated 5
518
518 rated 6
682
682 rated 7
523
523 rated 8
343
343 rated 9
124
124 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
KOGKODIAK OIL & GAS Corp10
UPLULTRA PETROLEUM Corp10
TAT&T Inc9
COPCONOCOPHILLIPS9
DVNDEVON ENERGY CORPORATION9
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.