because the sporting goods chain's "got growth," Jim Cramer said Thursday on
"Stop Trading!" segment.
Cramer said the Pittsburgh-based company said at Wednesday's annual meeting that it plans 80 new stores next year and has 20% annual earnings growth charted "as far as the eye can see." Cramer also applauded a move to add veterans of retail titans
to the board.
off its decision to take a stake in a Ukrainian juice bottler. Cramer said he believes people are "misinterpreting" the decision as showing Pepsi is giving up on the U.S. He called the juice buy "a good move" aimed at continuing the company's record of double-digit overseas growth. Even so, he says
is the slightly more attractive stock of the two right now.
Cramer also likes
, saying that at a $30 billion market cap the bank isn't big enough to stay independent, regardless of what it does with its buyback or its Coke stake.
Cramer urged investors to "respect the futures" as the market suffers its third straight sharp decline. He said allocation trades by pension funds that like the 10-year Treasury note at 5% are "overpowering" in the short term, so investors shouldn't buy aggressively even when they see quality names like
down 7 on no news.
At the time of publication, Cramer was long Goldman Sachs.
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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