This article originally appeared on RealMoney.com on Sept. 4, 2014 at 10:58 a.m. To read more content like this AND see inside Jim Cramer's multi-million dollar portfolio for FREE... Click Here NOW.
Manny Chirico said it all last night on "Mad Money." The CEO of PVH (PVH) said it is a very strong back to school season and a lot of that is good numbers for him from Kohl's (KSS) and J.C. Penney (JCP) .
I think this says three things.
- August was a very strong month in this country, whether it be for retail or for autos, where the numbers are running at an amazing 17.5 million pace. I think the job creation is driving a lot of consumer confidence, opening wallets.
- The lower gasoline prices are a tax cut, plain and simple, and they are impacting all of retail including PVH, as well as Coscto (COST) , which reported superior numbers this morning.
- It is not too late to buy PVH, because if it is on track it is a cash-generation machine. It can pay down debt and even, if it has to, sell retail stores to bring its balance sheet back to a better condition. Warnaco's problems are now behind them and it is, once again, a terrific play on two great worldwide brands: Calvin Klein and Tommy Hilfiger.
STOCKS TO BUY: TheStreet Quant Ratings and Dave Peltier's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12 months. See them FREE today... Click Here NOW.