Buy Ralph Lauren (RL), Jim Cramer said on CNBC’s “Stop Trading!” segment Wednesday. Shares of RL traded up 11% today and Cramer thinks the stock will go higher. “There’s big money going into RL,” he said. “I think you get a second day to profit from the move.” Cramer explained that if RL is doing good it bodes well for VF Corp (VFC). Moving on, Cramer praised the management at Eaton (ETN) and predicted the stock would hit a 52-week high. He also said he’s bullish on Emerson (EMR) and feels the stock will follow ETN to a 52-week high. “These companies are on fire,” he said. Cramer told investors to get long Nucor (NUE) since the stock hasn’t done anything since it issued a secondary offering. He pointed out that steel supplies are tight, so the stock should move higher. He also said buy Cleveland-Cliffs (CLF) on a pull back for a play on iron demand. Finally, Cramer explained that American International Group (AIG) and Wachovia Bank (WB) are desperately in need of capital. He mentioned if AIG fired CEO Marty Sullivan the stock would advance. He ripped WB for its $25 billion acquisition of regional bank Golden West. “This is just one of the dumbest acquisitions ever and they’re paying for it,” he said.
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