Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Under Armour : Founder Kevin Plank will be returning as CEO. “I think he’s humbled,” Jim Cramer said Thursday. The stock was down 13% on the news. Cramer added he thinks Plank “picked someone who was ill-advised” as his successor when gave up the chief executive role in 2019. Cramer pointed to a strong quarter from Dick’s Sporting Goods , saying Plank is probably wondering how Under Armour is “missing all this.” Dollar General : The bargain retailer put up a good quarter. “But that’s only in relation to Dollar Tree,” Cramer said, referring to rival Dollar Tree ‘s disastrous quarter and store closings announcement a day earlier. Dollar General shares were down roughly 5%. Cramer said he likes TJX Companies in retail. TJX is a holding in the CNBC Investing Club portfolio. If the overall stock market was not overbought, Cramer said he could see buying TJX at current levels. Robinhood : The financial services platform reported that stock trading activity was way up in February — an increase of 41% from a year ago. Robinhood shares were up 6%. But Cramer said the recent gains in Robinhood are on “momentum,” not fundamentals. Caterpillar : Truist initiated the heavy equipment maker with a buy rating, saying it will benefit from infrastructure spending and the energy transition. Cramer said the Club made its money on Caterpillar and sold. He’s excited that the Club owns power management company Eaton , which he says is the grid. Williams-Sonoma : The home and kitchen products retailer gets all kinds of price target hikes after rallying nearly 18% on Wednesday on a strong quarter. CEO Laura Alber understands the high-end consumer, Cramer said. “What I see from her is a triumph,” he added.
