Outdoor sporting-related retailers are on fire, Mad Money's Jim Cramer said on Friday's Stop Trading! So how can you take advantage of this sector's growth?
Some of the stocks Cramer likes right now are Cabela's which reported an "amazing quarter" with comparable store sales increasing 7.3 percent, and Timberland, which reported fourth quarter revenue increases of 26.7 percent.
"This is really looking like a major theme," Cramer said. He's particularly fond of Jarden, which reported record fourth quarter and full year 2010 results.
"Yesterday, Jarden said some unbelievable things about its Coleman unit outside," Cramer said.
"These stocks tend to have big rallies and then pullback," he said. And on the pullback, I think you've got to be a buyer and not a seller."
The company's diversification is an added bonus on top of its outdoor units, he added.
"If it requires a machine and it's sold in appliances, you're going to bet that Jarden is going to be in it," Cramer said.
Sticking to the sporting theme, Cramer noted that Nike will be unveiling its new line of sports shoes this weekend and there is a lot of excitement surrounding it. The stock was even up on anticipation of the news. But Cramer was wary.
"I think they may be borrowing from the upside by taking the stock up today," Cramer said, leading him to make a warning for Nike holders.Page 1 of 2 | Next Page