Pull the Trigger on IPG Photonics

IPG Photonics (IPGP:Nasdaq), pull the trigger. Buy your first tranche. This is a laser company that could work here because it is industrial with growth, and that's awfully hard to find.

I was thinking that this stock could open at $24 and then trade down from here, but I don't know how much it can go down. I'd bet this stock will get a lot of focus as a replacement for a Parker Hannifin (PH - commentary - Cramer's Take) or an Eaton (ETN - commentary - Cramer's Take) or even an Illinois Took Works (ITW - commentary - Cramer's Take), because people want growth badly and they want it in the factory.

I remember that during the 1980s robotics was a powerful theme. It didn't make any money for people in the end, but it worked for years.

We are at the right level to get started. What I would do is put on half of my position now and then hope the stock comes in.

If it doesn't, don't pay more than $24. That's the level that simply doesn't work on a valuation basis.

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

ALL JIM CRAMER BLOG ENTRIES | POST A COMMENT | READ COMMENTS  

---

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.