Jim Cramer's 'Mad Money' Recap: Bad Leaders Make Bad Markets
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NEW YORK (TheStreet) -- In stocks, as in life, having bad leaders can be a problem, Jim Cramer told "Mad Money" TV show viewers Tuesday as he commented on the day's market action.
Cramer said today's strong rally in, of all things, the social media stocks was seen as a bad omen by seasoned investors. While Twitter's
Stocks should head higher on their fundamentals, not on the backs of those who made a losing bet, Cramer said. He's not a fan of Twitter but would instead consider Facebook
The short-sellers in stocks like Twitter reminded Cramer of those eternally against Amazon.com
Other worrisome leaders in today's market included Ulta Salon
Also disturbing in today's trading was the fact that two long-term leaders, Starbucks
Executive Decision: Morris Goldfarb
In his "Executive Decision" segment, Cramer sat down with Morris Goldfarb, chairman and CEO of G-III Apparel Group
Goldfarb said G-III started out in the 1950s as a family-run business and still operates that way today. Many things have changed since then, however, because the company is now predominantly a women's apparel maker and also has a billion-dollar direct-to-consumer business.
Goldfarb is also benefittng from Calvin Klein because GIII licenses the name from another Cramer fave, PVH Corp. Goldfarb said PVH has been an excellent partner over the years and G-III brings a lot of value to the Calvin Klein name, as it does to one of its newer partners, Ivanka Trump.
When asked about brands overall, Goldfarb said Americans still love brand-name apparel, if done right. He said a good brand is a lot more than just a name, it's a design and a price and the entire package.
Finally, Goldfarb confirmed that after strong sales in October and November, apparel sales in the first few days of December have been sluggish. He remains hopeful things will recover later in the month.
Cramer said he's still a fan of G-III Apparel.
Off the Charts
In the "Off The Charts" segment, Cramer went head to head with no fewer than three technical analysts over the chart of Apple