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Cramer's 'Stop Trading!': Buy Ralph Lauren

The clothing company stands to benefit from a tie-in with J.C. Penney, Cramer says.

Buy Ralph Lauren (RL) - Get Ralph Lauren Corporation Class A Report, Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.

"I like it because of the

J.C. Penney

(JCP) - Get J. C. Penney Company, Inc. Report

tie-in," Cramer said. He said today's move "seems like a bit of a short squeeze," he said, but "I think it can go higher from here."

Elsewhere in apparel, Cramer said that

VF Corp.

(VFC) - Get V.F. Corporation Report

"is the analogue of Ralph Lauren. ... If Ralph Lauren's good you don't leave this stock."

Cramer: I've Been Too Upbeat On Wachovia, AIG

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Cramer went on to praise management at

Eaton

(ETN) - Get Eaton Corp. Plc Report

. He said the company is "part of my new-tech world," and predicted it would hit a 52-week high. He said he also likes

Emerson

(EMR) - Get Emerson Electric Co. Report

TheStreet Recommends

. "These companies are on fire," he said.

Of

Nucor

(NUE) - Get Nucor Corporation Report

, Cramer said the company's secondary offering is an entry point. He advised more caution on

Cleveland-Cliffs

(CLF) - Get Cleveland-Cliffs Inc Report

. "Let it cool off before you buy it here," he said.

Cramer was less bullish on

AIG

(AIG) - Get American International Group, Inc. Report

and

Wachovia

(WB) - Get Weibo Corp Sponsored ADR Class A Report

. "These are serial needers of capital," he said. He said firing AIG CEO Marty Sullivan would cause the stock to go up, and chastised Wachovia for its acquisition of Golden West. "This was one of the dumbest acquisitions ever and they're paying for it," he said.

"If they knew what they owned I would be more comfortable," Cramer said of AIG and Wachovia. "They're like

Citigroup

(C) - Get Citigroup Inc. Report

." He said that when the companies claim to know what they have, "they're being wishful."

At the time of publication, Cramer had no positions in any of the stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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