NEW YORK (TheStreet) -- TheStreet's Jim Cramer says the King Digital Entertainment (KING) IPO fell flat, but he says this is a positive development because deals need to "break print" in order to cool that part of the market. Even though it is not an expensive stock, he says it's good for the market that it broke price.
Cramer notes Sirius XM (SIRI) has already been cooled and yet still has plenty of cash flow. He likes the stock for that reason.
Cramer also reasons that severe winter weather has wreaked havoc on durable goods. He points to Five Below (FIVE) and PVH (PVH) as examples of companies that started to perform better as the weather has improved.