Michael Kors proved its handbag was the hot holiday item. Earnings blew away last year's numbers as comparable store sales increased 28% and total revenue jumped 59% for the third quarter of fiscal 2013. Retail net sales increased 51% and gross profit increased 61%. The stock soared as a result of the earnings as investors look to proven winners in this difficult market. Michael Kors also increased guidance for the year much high than previously expected.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

More from Video

AAP Exclusive: Cramer on Why They Sold Broadcom Shares

AAP Exclusive: Cramer on Why They Sold Broadcom Shares

AAP Exclusive: Cramer's Trust Has Made $2.5M in Charitable Distributions

AAP Exclusive: Cramer's Trust Has Made $2.5M in Charitable Distributions

Jim Cramer: I Don't Want to Panic About Snap

Jim Cramer: I Don't Want to Panic About Snap

Angels Star Mike Trout Perfectly Explains Why Everyone Is Smashing Homers

Angels Star Mike Trout Perfectly Explains Why Everyone Is Smashing Homers

Jim Cramer on IBM, CSX, United Airlines and Morgan Stanley

Jim Cramer on IBM, CSX, United Airlines and Morgan Stanley