If you're interested in a spec play, new Street research suggests this stock could double.
The stock in question is Alcatel-Lucent.
"Morgan Stanley came out with a smart piece of research earlier this week, where they did a sum of the parts analysis and they figured that the stock could more than double if the business keeps improving," Cramer said. "Meanwhile, Bank of America also did a sum of the parts analysis, and their price target is 72% higher than where the stock is right now."
Cramer's done a little analysis of his own. And he too thinks shares could march higher. Here's Cramer's take:
First the Mad Money host believes the product cycle is coming to favor Alcatel-Lucent.
"At the moment, three of our country's four major wireless carriers, AT&T, T-Mobile and Sprint, are spending heavily in order to beef up their networks so they can compete nationally with Verizon," he explained. "The big spending right now is happening in 4G wireless networks, where there are only few players, and Alcatel-Lucent is one of them.