Cramer Remix: I'd downgrade 100 stocks before ditching Lululemon

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Jim Cramer reveals why he's a fan of Lululemon's stock.

"When I look at the top five best performers in the Dow and the S&P, I see a good group of stocks, most of which have more room to run. As we've seen over and over this year, stocks that are in motion tend to stay in motion," he said. "Maybe they get knocked down by big-picture worries, but if you've got a high quality story ... the odds are good the stocks going to get right back on track."Julie Wainwright , CEO of The RealReal Inc.

He called it an "intriguing growth story with some hair on it," but suggests waiting for the stock price to recede a few bucks. "At a time when the department stores are being eaten alive, The RealReal could be poised to make a killing," the host said. "Right now, it's at $26 and change. You've got my blessing to buy it if it pulls back to $22.50 or less. And if it doesn't, you gotta just say you missed it."Cramer said payroll processing companies can give a good read on the job market.

CEO Martin Mucci told the host that the company feels "really strongly" about revenue growth in human resources services. "That's what's been growing the fastest," he said in a one-on-one interview. "Double digit growth, even without Oasis, the acquisition that we completed … we did have double digit growth and we think we'll continue to have that in our client employees."

 

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trading 46x earnings...I'd buy some if it dipped back to 150

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