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Jim Cramer's Stop Trading: Michael Kors Can Go Higher

Stocks in this article: KORSRLEL

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)

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. 

Seeing shares of Polo Ralph Lauren (RL) moving higher as well as the strong earnings report from Estee Lauder (EL) only solidified his positive thoughts on Michael Kors. 

"I like KORS here for a trade," Cramer concluded, "I think it can go much higher." 


-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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