Jim Cramer: Movado Group, H&E Equipment, F5 Networks
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Movado Group Inc., a high-end American watchmaker, may rise because of expected growth through its partnerships with Lacoste and Juicy Couture, CNBC host Jim Cramer said yesterday on his ``Mad Money'' television program.
Cramer, a market commentator and former hedge-fund manager, said the company also would gain from the growing class of China residents seeking luxury goods, as Movado watches are less expensive than those from Rolex Group. Movado shares rose 84 cents, or 4.2 percent, to $20.84 in trading after the official close of U.S. markets.