NEW YORK (
TheStreet) -- "People are spending again," said Jim Cramer on
CNBC's "Stop Trading!" segment on Tuesday. "Nobody wants to talk about it, but people are spending again."
He said that
Ralph Lauren (RL), with the "great number" it reported today, is joining
Nordstrom (JWN),
Coach (COH),
Tiffany (TIF) and
Williams-Sonoma (WSM).
"It's just going to be a very strong holiday season," he said. "None of these companies have excess inventory, so they don't have to dump stuff."
He said there's a "colossal fight" going on between
Wal-Mart (WMT) and the suppliers" -- "and right now the suppliers are winning."
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"We're seeing power shifting from the Wal-Marts," he said, "to the
Black & Deckers (BDK) and the
Stanley Works (SKW)."
He also recommended
Newell Rubbermaid (NWL), which he said has a "substantial tool division."
There's another war, Cramer said, among phone companies, particularly
AT&T (T) and
Verizon (VZ). "These companies hate each other!" he said.
He recommended
American Tower (AMT). It "reported a great quarter," he said. "I would go buy that."
-- Written by Rebecca Corvino in New York.
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