Forget FANG, this is the new basket of stocks to WATCH

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CNBC's Jim Cramer is watching a new basket of five stocks in the consumer space, and the Halftime Report traders debate what names to buy and sell within the group.

earnings per share growth of 15% and currently trades at 14 times next year's earnings.

"From a valuation perspective, I get a little bit more nervous about the Walmarts, the Amazons of the world… I look at Costco, I feel like it's a little bit inflated in terms of its P/E right now," he said.

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