Finally, when asked about growth opportunities around the globe, Chirico said Asia remains a big area, representing only about 10% of the company's volume so far. He ale noted that South America, mainly Brazil, also remains hot.
Cramer continued his support for PVH Corp.
Here's what Cramer had to say about callers' stocks during the "Lightning Round":
Cliffs Natural Resources (CLF): "It's probably too late to sell. Let it bounce, then sell, sell, sell."Ares Capital (ARCC): "I think you're fine with that one." Golar LNG (GLNG): "I totally get it but I like Cheniere Energy (LNG) more." Franco-Nevada (FNV): "Why bother? Honestly, why not just own the SPDR Gold Shares (GLD)?" Energy Transfer Partners (ETP): "This is one of the worst stocks I own for my charitable trust. It was down today, so I say don't buy." Allstate (ALL): "Allstate is a winner but I prefer American International Group (AIG), which is a better buy."
Sell BlockIn the Thursday "Sell Block" segment, Cramer sounded off against the recent initial public offering of Manchester United (MANU), saying investors should be fans of the soccer team but not a shareholder of the company. Cramer said there's no denying that Manchester United is to soccer in the UK what the New York Yankees team is to baseball in the U.S. ManU is a mini-media empire, making money off tickets, merchandise, sponsorships and broadcasting. It's enough to get investors excited, said Cramer, which is why it's so worrisome. The stock debuted on Aug. 10 at $14 a share, but it didn't pop higher -- instead closing at, well, $14 a share. The average IPO has risen 14% on its first day, noted Cramer. Since then, shares have fallen 8%. But even with the decline, Manchester United still sells for a hefty 38 times earnings despite the fact it's only growing earning at 11% a year. Cramer reminded viewers he's willing to pay only twice a company's growth rate, or 22 times earnings, and that's a maximum. Cramer said this stock is priced for perfection, and since its revenue depend on ticket sales along with food and merchandise, that means if the team has a bad year, so does the company. That adds a whole new level of risk, said Cramer, one he's not willing to take.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV