Jim Cramer's 'Stop Trading!': American Eagle Could Fly

The clothing retailer may grow wings, Cramer believes.
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American Eagle

(AEO) - Get Report

might be ready to take off, Jim Cramer said on

CNBC's

"Stop Trading!" segment Wednesday.

"I like this stock. It hasn't made us any money,

but I think it's very cheap," Cramer said."This kind of stock could have a multiyear turn like

Abercrombie

(ANF) - Get Report

. It hasn't had it yet, though."

When push comes to shove, though, Cramer is hesitant: "There's so many other retailers I actually like much more."

One stock to watch is

VF Corp

(VFC) - Get Report

, which owns the North Face brand. "It's snowy, it's cold throughout a lot of the country. ... You got to understand, people are focused on the next quarter."

Commenting on rumored merger deals between involving

NYSE Euronext

(NYX)

, Cramer said "Euronext is the dog that's driving the tail of the New York Stock Exchange," he said.

"I'm getting tired" of objections to foreign firms owning management stakes in American stocks, Cramer continued. "If you buy a management stake, you should have a seat on the board." He acknowledged that there are some "unsavory individuals," whom he wouldn't want sitting on the board of some companies, but "why be public if you don't think that should happen?"

Tiring of "the idea that money is any different depending on where it came from," Cramer acknowledged, "I hate the Chinese ...

but if they buy a stake in our company, what're you going to do?" That's the way capitalism works, he said.

At the time of publication, Cramer was long NYX.

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