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Cramer's 'Stop Trading!': Return to Spending

Nobody wants to talk about it, says Jim Cramer, but people are spending again.

NEW YORK (TheStreet) -- "People are spending again," said Jim Cramer on CNBC's "Stop Trading!" segment on Tuesday. "Nobody wants to talk about it, but people are spending again."

He said that

Ralph Lauren

(RL)

, with the "great number" it reported today, is joining

Nordstrom

(JWN)

,

Coach

(COH)

,

Tiffany

(TIF)

and

Williams-Sonoma

(WSM)

.

"It's just going to be a very strong holiday season," he said. "None of these companies have excess inventory, so they don't have to dump stuff."

He said there's a "colossal fight" going on between

Wal-Mart

(WMT)

and the suppliers" -- "and right now the suppliers are winning."

"We're seeing power shifting from the Wal-Marts," he said, "to the

Black & Deckers

undefined

and the

Stanley Works

undefined

."

He also recommended

Newell Rubbermaid

(NWL)

, which he said has a "substantial tool division."

There's another war, Cramer said, among phone companies, particularly

AT&T

(T)

and

Verizon

(VZ)

. "These companies hate each other!" he said.

He recommended

American Tower

(AMT)

. It "reported a great quarter," he said. "I would go buy that."

-- Written by Rebecca Corvino in New York.

(Editor's note: At the time of publication, Cramer had no positions in stocks mentioned for his Action Alerts PLUS charitable trust.)