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
: "It's probably too late to sell. Let it bounce, then sell, sell, sell."
: "I think you're fine with that one."
: "I totally get it but I like
: "Why bother? Honestly, why not just own the
SPDR Gold Shares
Energy Transfer Partners
: "This is one of the worst stocks I own for my charitable trust. It was down today, so I say don't buy."
: "Allstate is a winner but I prefer
American International Group
, which is a better buy."
In the Thursday "Sell Block" segment, Cramer sounded off against the recent initial public offering of
(MANU - Get Report)
, 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.