Cramer's Telco Plays

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Cramer said there was a way to play the Verizon quarterly report, which made it very clear that spending's going to be huge for these businesses: Buy these telco stocks below.

"It's been ages since we had a spending cycle worth noting in telco (vs. the unbelievably strong aerospace cycle). When we had the last one, it was fantastic for Ciena, JDSU, Alcatel, Lucent (pre-combination), Tellabs.

While Cramer admitted he "hates" this group (only because if VZ stops spending you are in trouble), he added that given that Verizon just reported, the window is open for some capital gains off this very big cycle.

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