Stocks discussed on Jim Cramer's Stop Trading! TV segment, Tuesday March 29.
Lululemon Athletica (LULU), Under Armour (UA), Nike (NKE), Phillips Van-Heusen (PVH), Tiffany (TIF), VF Corp (VFC), Polo Ralph Lauren (RL), Energy Transfer Partners (ETP), International Paper (IP), Panera (PNRA)
With the excitement over Lululemon's (LULU) stock split, Cramer thinks the rally in LULU has just begun, even though stock splits "mean absolutely nothing." He would ride the excitement in LULU even as analysts say it is overvalued. Cramer thinks Panera (PNRA) - which received a downgrade Cramer thinks is unfair - is the next stock to split.
The decline in Under Armour (UA) is not a reason to doubt LULU's growth, since the women's apparel story is a bullish one other apparel makers have ignored. Cramer thinks LULU could put up 5 times the number of stores it has now without fear of saturation.
High-end retail has been performing well, with gains in Ralph Lauren (RL), Tiffany (TIF) and VF Corp (VFC). Phillips Van-Heusen (PVH) is now in the high-end category with its acquisition of Tommy Hilfiger. PVH did not face the same problems as Nike (NKE) has because its management has been more aggressive in combating the problem of raw costs. PVH has been using alternate fabrics, finding cheaper labor sources and raising prices on fashion items to absorb the costs.
Demand for trucks in Europe is "off the chart." Contrary to popular belief, Cramer thinks Europe is a big growth area, at least based on information from truck companies. Energy Transfer Partners (ETP) did a spot secondary offering. The pipeline space has been "hot," and with a 7% yield, Cramer says of ETP, "I'll take it. I think it is a winner."
International Paper (IP) has been committed to rebuilding its business, cleaning up its balance sheet and becoming a truly international company with a great acquisition in India. "This is without a doubt one of the great cyclical growth stories on Earth," said Cramer.
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