NEW YORK (TheStreet) -- Shares of Lululemon Athletica (LULU - Get Report) are up 3% Friday following an upgrade to buy from hold by Credit Suisse analysts, who are looking for margins to improve. 

"I like this call," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment. 

He dismissed the notion of a potential Lululemon takeover but noted that while last quarter was disappointing, the company remains a strong brand in retail. 

LULU Chart
McDonald's MCD and Lululemon Athletica LULU data by YCharts

Cramer also likes how McDonald's (MCD - Get Report)  stock has done this year, up 11%. 

Cramer thinks it possible McDonald's may consider some form of real estate investment trust structure because of its vast amount of real estate, especially since Miles White serves as a director at the company. 

White, the CEO of Abbott Labs (ABT - Get Report) , successfully orchestrated the breakup of Abbott Labs and AbbVie (ABBV - Get Report) several years ago, and he could help coordinate this potentially complicated restructure, too, Cramer said. 

Cramer said he remains a "huge supporter" of CEO Steve Easterbrook and his recent changes at McDonald's, although the stock seems to have rallied a bit too far, too fast in the short term.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.