TheStreet’s Action Alerts PLUS Co-Portfolio Manager Jim Cramer says he’s keeping an eye on shares of Lululemon ahead of the opening bell on Thursday. Cramer says quarterly expectations for the athletic apparel retailer are mixed, but he owns shares in the Action Alerts PLUS portfolio as he looks ahead to 2016. Cramer said, ‘I don’t really care about this quarter. If it goes down, we’ll buy more. I think that the yoga theme is very much in keeping with natural, organic and health and this company owns that space.’ Cramer says that depending on the quarterly report, the shares could go down another $5 or $6 and then he expects them to move higher.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
