Despite the heady days of the dot-com boom of 1999-2000, when networks were built out en masse to handle what people thought would be an enormous amount of Web traffic, it’s only now that the Internet’s potential is starting to be reached. And with that comes the need for new and better networks.
That is Cramer’s latest investing thesis, and it was predicated on the idea that Web applications like Netflix , Facebook and Google's YouTube require an enormous amount of bandwidth. Plus, there’s the sea-change shift taking place to wireless networks from traditional terrestrial networks, further sparking growth in this business. Cramer named JDS Uniphase , Juniper Networks and Ciena as just a few of his top plays on the trend.
“They’re not done” going up, he said.
Cramer also said that with cotton prices down 2 percent, investors should still consider buying Phillips-Van Heusen .
Toreador Resources was off almost 8 percent on news that the French government would delay shale gas and oil drilling until its impact on the environment was determined. The decision hit Toreador especially because of the company’s extensive exploration permits in the Paris basin.
Still, Cramer thinks the delay was typical of governments the world over, and he doubted drilling would be stopped for long given the immense energy demands facing France and other countries. So that bodes well for Toreador.
“That stock will come right back up again,” Cramer said.
--Reuters contributed to this report.
Call Cramer: 1-800-743-CNBC
Questions for Cramer? email@example.com
Questions, comments, suggestions for the Mad Money website? firstname.lastname@example.org