Movado Group Inc., a high-end American watchmaker, will grow because of its partnerships with Lacoste and Juicy Couture, Jim Cramer said on his ``Mad Money'' television program on CNBC.
Cramer, a market commentator and former hedge-fund manager, said the company would also gain from the growing class of China residents seeking luxury goods, as Movado watches are less expensive than those from Rolex Group.
Other companies likely to gain from China's growing demand for consumer goods are Home Depot Inc., Best Buy Co., Timberland Co., and Starbucks Corp, Cramer said.
H&E Equipment Services Inc. stands to profit from high demand for construction equipment, Cramer said. He cited a recent statement from The Manitowoc Company Inc., which had higher than expected earnings due to strong sales of cranes. H&E rents cranes, meaning they could capture some of that market.
Momentum stocks likely to continue to rise include Rackable Systems Inc., Akamai Technologies Inc., F5 Networks Inc., Citrix Systems Inc., and Network Appliance Inc., Cramer said.
Cramer recommended Ceradyne Inc., Hewlett-Packard Co., Cardinal Health Inc., UnitedHealth Group Inc., Agilent Technologies Inc., AK Steel Holding Corp., United States Steel Corp., Oregon Steel Mills Inc., Chaparral Steel Co., Wheeling-Pittsburgh Corp., International Game Technology, Vulcan Materials Co., Martin Marietta Materials Inc., Eagle Materials Inc., Brocade Communications Systems Inc., Encysive Pharmaceuticals Inc., Conexant Systems Inc., Legg Mason Inc., Trinity Industries Inc., The Andersons Inc. and BHP Billiton Ltd. in response to questions during the show's ``Lightning Round'' segment.
In that segment, he also told viewers to avoid Tidewater Inc., Applied Materials Inc., Amkor Technology Inc., Mikohn Gaming Corp., Intel Corp., Exploration Company of Delaware, Freightcar America Inc.
Cramer said his charitable trust owns UnitedHealth Group Inc., BHP Billiton Ltd. and Network Appliance Inc.
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