Tekelec (NASDAQ: TKLC) just took a “PR Boost” after Jim Cramer named this stock as a speculative technology stock winner for this week on CNBC’s MAD MONEY. He said this was his first of five picks in speculative technology picks that he thinks can continue running higher with the stock market.
Cramer noted that this equipment and services provider is a play on wireless carriers to profit from text messaging and telephone number portability. He also likes the India play in the stock, which may be reason enough to go after the stock. Cramer also noted how analyst coverage is very thin and that that the analysts do not even pretend to care about or notice the stock.
Interestingly enough, this stock is actually far less volatile than other speculative stocks he has picked before. Despite s 2% rise to $15.81 and despite a 8% gain in after-hours trading to $17.15, this company’s 52-week trading range is ‘only’ $10.01 to $17.73. At the close and before the Cramer-tout, Tekelec’s market cap was right at $1.05 billion.
If Cramer is out touting speculative stocks all over again in a ‘five for the week series’ then either one of two things have happened: 1) the mood of the market is so strong after being so negative that we are totally out of the woods of caution; or 2) we have come so far up so fast that you need to only look back into quality stocks if you want to stay in. Which policy you choose is entirely up to you.
JON C. OGG
Top Gaining Stocks
Top Losing Stocks