recently announced that it has hired a pharmaceutical executive to run its apparel business, Jim Cramer said on his
"RealMoney" radio show Monday.
And according to Cramer, this means one thing: "buy
He said he has been backing VF Corp, Liz's competitor, for several years "because of its ability to take brands that are boring, slow or in need of a renovation -- or could grow, and VF-izing them."
Although VF Corp never seems to get cheaper, Cramer said he doesn't believe that the stock will pull back. When there is "such disarray at a major competitor," people should buy the competitor without the turmoil, which in this case is VF Corp.
"The biggest competition to stocks is cash, which could be more of a king if the economy heats up," said Cramer.
However, there are some stocks that are "movers," and these can make people some mad money, he sad.
The bears have two cases. First, "the market is dramatically overbought, meaning it has been up huge in a straight line," Cramer said. And second, people can no longer assume that there will not be a rate hike.
"The astonishing decline in oil and gasoline, coupled with the sense that the worst may be over in housing," is what's shaking the confidence that the
is done raising rates.
But even though there are people who believe the economy is too strong, Cramer doesn't believe that the market is done going up.
"We are in the homestretch of the year, and there are people in the homestretch that don't want to sell their stocks in the year-end," he said. "No one wants to sell stocks, but people want to own them."
This week there will be a down day, but it should be viewed as an opportunity to get into stocks, Cramer emphasized.
To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.
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