Jim Cramer's Stop Trading! Rich in Fiber

Stock quotes in this article: CIEN , AVNX , MRVC , JDSU , BA , SHLD , JTX  

Upbeat comments from Ciena(CIEN Quote) are reason enough to buy the fiber space en masse, Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.

Ciena told an analyst conference Wednesday that its market is showing "very positive momentum," according to Bloomberg. That bodes well for other players such as JDS(JDSU Quote), MRV(MRVC Quote) and Avanex(AVNX Quote), Cramer said.

What's different about the current cycle? "Verizon(VZ Quote) and AT&T(T Quote) actually have stocks that are up and are ready to play the game. The cable companies are just sitting there, saying 'take me.' They'll throw money into the ground."

Cramer called Eliot Spitzer's suit against H&R Block(HRB Quote) a "magic bullet against this stock," but suggested buying rival Jackson Hewitt(JTX Quote) on weakness.

Cramer said people like NYSE(NYX Quote) not because of fundamentals, but psychology. "The average guy at home is saying, 'I want a piece of that, get me 10 shares.' That's what you're seeing."

Cramer said Boeing(BA Quote) should go higher because it's "taken share and has the hot products."

Regarding Sears(SHLD Quote), "it's about profits, not same-store sales. Shame on the shorts."

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At the time of publication, Cramer was long Boeing and Sears.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on Mad Money are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast

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