Jim Cramer's Stop Trading! Time for Movado

Movado (MOV Quote) has the sparkle to keep rising, said Jim Cramer on CNBC's "Stop Trading!" segment on Monday. "This is the next Tiffany," he said. "I like it despite the rally." The stock's got an "unbelievable" group of brands, and flashy spokesmen like Derek Jeter, he said.

Cramer also remains a fan of Freeport-McMoRan (FCX Quote), as the Street starts to make a true accounting of its valuation. The stock, currently trading at $64.46, should take out $100 by the time it catches up to its peers' valuation.

Cramer's not so high on Ann Taylor (ANN Quote). He says to wait for a pullback to buy into this story. "Wait till it cools off; this isn't in the bag like at Tiffany," he said. "They might have some work to do."

Cramer also said to keep an eye on Dow Chemical (DOW Quote), which he said is trading like a deal is imminent.