TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said investors should be careful with retail stocks.

"These companies are coming out and saying good things. I happen to be a huge back of Lululemon (LULU - Get Report) but I have for 20 points," Cramer said. "If you come in now, all you're doing is finally listening to me on Lululemon."

Lululemon upped its fourth quarter earnings and sales guidance for the fourth quarter on Monday. 

Want more exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!