NEW YORK (TheStreet) -- On CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, was taking a look at what he called "the next great growth story."
Chinese e-commerce company Vipshop (VIPS) has extremely impressive growth, Cramer pointed out. He cited the 125% year-over-year growth in revenue, 165% increase in active customers, higher gross margins and far better earnings-per-share results than analysts had expected.
The stock has been moving higher and higher without a pause, and it's going to be "a magnet for growth/momentum managers," he added.
Turning to a BP (BP), RBC Capital Markets upgraded the stock to buy from hold.
Cramer said he likes BP due to its good dividend yield, solid growth and the "winding down" of its litigation issues.
-- Written by Bret Kenwell in Petoskey, Mich.
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