Jim Cramer offered up his summer blockbuster stocks on TheStreet.com TV's Wall Street Confidential Web video on Tuesday.
Before he named the stocks, Cramer stressed that they are not picks to blindly go out and buy. Market players should wait for these stocks to come down a bit, do their homework and take a look at the conference calls before they consider buying the stocks, he said. That said, Garmin (GRMN Quote) had an "incredible acceleration of growth" from its GPS product for automobiles, Cramer said. It was "a remarkable call where they guided up by the hundreds of millions of dollars." Next, he said, is Chipotle Mexican Grill (CMG Quote). "Here's a restaurant chain that felt it had to have measured growth," Cramer said. "But it's really figured out how to put up a lot of stores, in contrast to California Pizza Kitchen (CPKI Quote), another company I like that can't put up stores that quickly." The Chipotle call, he continued, was "remarkable" because the fast-food chain stressed the quality and the growth. Cramer said it reminds him of Starbucks (SBUX Quote) and Whole Foods (WFMI Quote) five years ago. Moving on, he said he was "quite struck" by the Procter & Gamble (PG Quote) call. "I know people don't think much of Procter, but it challenged head on the notion that Gillette was bad and took it on in a light-hearted and kind of unscripted way that made me feel like Procter is really for real," Cramer said. Procter was the "sleeper" stock of the season because it got hit, he said. "People felt it didn't have a good quarter." However, it turned out to be the stock that had legs. Cramer said he liked the company's call very much. Furthermore, while Under Armour (UA Quote) was a company that formerly overpromised and underdelivered, this time it underpromised and "blew away" its own numbers, he went on. "I think it was a genuine surprise. "And finally, maybe the best in show, the "Pirates of the Caribbean" truly was Crocs (CROX Quote)," Cramer said. "This was a remarkable quarter. They talked about how Jibbitz have become a separate line, they have many different shoes, they talked about patent protection." Also, speaking of Pirates of the Caribbean, of the major media companies, "Disney (DIS Quote) had a very good call and people should go listen," he said. "That's a better run company than people think."- Loading Comments...
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