NEW YORK (TheStreet) -- On CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, took a closer look at shares of Michael Kors (KORS - Get Report).
He pointed out that Stephen Mandel, founder of Lone Pine Capital, recently filed to reveal a "substantial stake" in Michael Kors. Cramer said if consumers are going to continue spending, Michael Kors should do well.
"I like KORS here for a trade," Cramer concluded, "I think it can go much higher."
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-- Written by Bret Kenwell in Petoskey, Mich.