TheStreet.com's Jim Cramer says this stock won't quit, and it's beyond Bernanke's reach.Urban Outfitters (NASDAQ: URBN) (Cramer's Take) is absolutely doing it right. This morning on "Squawk Box," I got to talking with Brad Stevens from Morgan Keegan and it hit me: URBN is making it because it is selling where the others guys aren't.
That makes for secular growth, not cyclical growth, and that also makes for a stock that won't quit.
There's a brand-new Urban Outfitters coming up in Brooklyn, and I think this will be a reminder when it opens in March that some chains are not going to be hostage to Bernanke. This is one of them.
Exciting stock for this environment and a way to shake off the Cisco (NASDAQ: CSCO) (Cramer's Take) blues.
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Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. At the time of publication, Cramer had no positions in the stocks mentioned.
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Reader Comments (Page 1 of 1)
2-07-2008 @ 11:24AM
evoyageur said...
Cramer is nothing but a narcissistic, starved-for- attention megalomaniac. His lack of depth and hunger for approval unfortunately taints the market. I wish he'd just shut his mouth and disappear.
2-07-2008 @ 11:31AM
Gene said...
Jim Cramer has his over-blown ego shoved so far up his butt, he can preach to his own tonsils. He's no more a skilled analyst than George Bush is a Born-Again Chrsitian. However, both are skilled at spouting off their opnions at the expense of other people's money. Why don't they both shout their mouths and disappear.
2-07-2008 @ 11:55AM
Denny Clements said...
Jim: You are absolutely right. I bought LEAPS on URBN about six monts ago. I used the the Peter Lynch approach of listening to my very retail savy wife. When she related that at Urban Outfitters the young females are standing line to buy the clothes. They are hitting on all cylinders at all their four different type stores.
BOOO----Ya!
2-07-2008 @ 3:17PM
cynthia said...
Jim: I normally like your advise but have you ever been in one of these stores? Looked at their merchandise? It's very trendy and even normal teenagers (I've had 3) think it's too far out. Not to mention some of the shocking "stuff" they carry.
My husbnad had a recent buisness trip which I joined him on. I had plenty of time to browse.
After seeing some of the risky, sexullty explicit books and "fun" stuff I would never go back into one of their stores. NO thanks! Do your homework Jim!