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Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Tuesday March 8.

Nike (NYSE:NKE), Under Armour (NYSE:UA), Skechers (NYSE:SKX), Urban Outfitters (NASDAQ:URBN), Johnson & Johnson (NYSE:JNJ), Perrigo (NYSE:PRGO), Dick's Sporting Goods (NYSE:DKS)

The Dick's Sporting Goods (DKS) earnings call was "really exciting" and made direct reference to Under Armour (UA) and especially Nike (NKE). Bears are betting against these stocks because of costs, but they aren't taking into account the fact that sales are great. Nike is "ready to break out," said Cramer, and is a "standout name...I think you want to own the stock now. It is at a great level."

Cramer is much less excited about Skechers (SKX) which is a "terrible company and a terrible stock." The stock continually disappoints and does not have the sales. He also commented on Urban Outfitters' (URBN) disappointing quarter. "I can't find a reason to buy the stock except it is down 5 points. They have stopped executing...It was a bad quarter and a bad situation."

Cramer thinks Johnson & Johnson (JNJ) CEO William Weldon might as well become monarch of JNJ rather than CEO, if he is still in charge after all of the company's blunders. The fact that the CEO said recalls are a regular part of business, when other companies don't take recalls so lightly, is an indication that Johnson & Johnson has incorporated recalls into its business model. In such a situation Perrigo (PRGO) is going to continue to "eat JNJ's lunch."

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Source: Cramer's Stop Trading! Recalls Are a Part of Johnson & Johnson's Business Model (3/8/11)