Cole said he expects Iconix to grow between 20% and 25% this year, and there are still many brands out there for his company to acquire with the money they've already raised. Nearly one-third of the company's growth currently stems from outside the U.S., he said, and countries such as Brazil, India and China offer huge opportunities for growth.
Executive Decision: Gary Friedman
In his second "Executive Decision" segment, Cramer sat down with Gary Friedman, curator, and Carlos Alberini, CEO, of Restoration Hardware (RH - Get Report), a high-end home products retailer that's seen its shares soar 127% since its IPO just last November.
Alberini said that Restoration Hardware has been going through a remarkable transformation in recent years, redefining everything from its in-store experience to its product assortment. Friedman followed by saying the company doesn't play by the rules and has been leading the industry in many non-conventional retail tactics, such as its 1,600-page product catalog.
Friedman characterized Restoration Hardware as a home store for the luxury consumer, one that differentiates itself in the market place by focusing on quality and assortment and not on price. Alberini said the strategy has been working extremely well, but he doesn't plan on delivering 41% same-store sales growth going forward.Cramer said the more he learns about this aspirational retailer, the more he's loving the company's' concept as well as its prospects for growth.
Lightning RoundIn the Lightning Round, Cramer was bullish on AptarGroup (ATR), Celldex Therapeutics (CLDX), MasterCard (MA) and Regions Financial (RF). Cramer was bearish on Toll Brothers (TOL) and Peabody Energy (BTU).
Manipulating the DataIn a special interview, Cramer sat down with CNBC's Eamon Javers, who last week broke a story about some high-frequency traders paying for advance access to consumer confidence numbers a full two seconds before their official release. Cramer said he's warned investors about the dangers of high-frequency trading for years and this most recent story illustrates how the market is becoming increasingly unfair for the average investor. Javers said that as far as he can tell, nothing illegal is being done with the consumer confidence numbers, as the University of Michigan study is stated as being a "tiered release" to the public. However, it certainly appears to be grossly unfair as high-frequency traders can move market substantially in the two-second head start they're being given. Is the consumer confidence survey the only one being manipulated? Javers thinks not. He noted the weekly natural gas inventories offered by the Department of Energy as well as other data all show unusual trading just before their release. He said there have been reports of traders essentially waging denial of service attacks on government Web sites in an effort to slow the dissemination of time-sensitive information. Cramer said he remains outraged the government is not making more of an effort to level the playing field for all investors instead of catering to high-frequency and other elite trading entities.
No Huddle OffenseIn his "No Huddle Offense" segment, Cramer once again sounded off against trading on the headlines, a practice he said is the equivalent of throwing money away. Case in point: the rollercoaster that was FedEx (FDX) today, a stock that traded wildly as investors gamed a barrage of headlines that ultimately lost them a ton of money. Then there's the case of Tesla Motors (TSLA), a stock the fell sharply on news of the "massive" recall that, in reality, affected just over 1,200 vehicles. Cramer said investors need to stop losing money on the headlines and instead focus on what matters, doing the homework. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. -- Written by Scott Rutt in Washington, D.C. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts