On Wednesday, shares of Nike (NKE) - Get Report rallied some 2% on news that it may be working with Amazon (AMZN) - Get Report to sell its products. But is anyone paying attention to PVH Corp (PVH) - Get Report ?
The stock was flat all day Wednesday, but got a boost on Thursday to $109.07. On Monday morning, it is up 3.1% to $112.46. Perhaps investors are waking up to the reality. What's the reality? That one of PVH's top sales channel is Amazon, TheStreet's founder Jim Cramer, who also manages the Action Alerts PLUS charitable trust portfolio, said on CNBC's "Mad Dash" segment.
No one even seems to be talking about this and what PVH is doing right, Cramer added. There should come a point in time where PVH receives a higher valuation for this reason alone. Of course, it helps that the company is doing well in Europe and China too, he reasoned.
"I'm getting tired" of nearly every stock in retail getting run over on the thought that Amazon will completely take over, Cramer said. Not everyone is a loser. There are some winners in the future of retail aside from just Amazon and "PVH is a winner in an Amazon world," he explained.
PVH sells through Amazon and it makes a lot of money doing it, Cramer concluded.
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Editors' pick: Originally published June 22.
At the time of publication, Jim Cramer's Action Alerts PLUS charitable trust portfolio had no position in any companies mentioned.