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Cramer's 'Mad Money' Recap: Europe, Earnings to Dominate Week

Until the Kors insider selling is over, Cramer said Coach will be the retailer to buy because the company has great management and a 2% dividend. Coach currently has 835 locations, 512 in North America, and is growing like a weed with same-store sales up 6.7%. Coach trades at 13 times earnings with a 16% growth rate.

However, after that insider selling is done, Kors will be the stock to buy as this company only has 237 stores, 191 of which are in North America, and has a lot more room to grow, Cramer said. Kors was able to deliver 36.1% same-store sales growth; while shares trade at 28 times earnings, that's just one times its growth, which is 28%.

Cramer said the value that will be created by the Kors insider selling will be too good to pass up. Until then, stick with the more consistent Coach.

Under Armour Under Debate

What should investors do with their shares of Under Armour (UA), a stock that's up 47% so far this year and is flirting with its 52-week high? Well, according to Morgan Stanley (MS), it's time to take profits, but Bank of America (BAC) analysts feel differently.

Cramer explained that when analysts disagree, investors win because they get to hear the best arguments both for and against owning a stock. In the case of Morgan Stanley, the company removed Under Armour from its "Best Ideas" list while Bank of America did the opposite, adding the company to its "US-1" list.

According to Morgan Stanley, shares of Under Armour have gotten too expensive at 44 times earnings and 34 times next year's earnings. With a 20% growth rate, the analysts said there are no catalysts to propel the stock higher and now is the time to take profits.

But Bank of America researchers cited a multitude of new products and a rapidly expanding international market as reasons to hold the stock.

Cramer said that while Bank of America is right, so, too, is Morgan, which is why he is advising investors to trim their positions and take profits. In today's finicky markets, Cramer said it's wise to lock in gains. In the worst-case scenario, the stock rises and investors make only half as much in profits.

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