Jim Cramer on Deckers: "The Company's Momentum Is Still Not That Good"

Deckers Outdoor Corporation (NYSE:DECK) is one of the stocks Jim Cramer expressed thoughts on. A caller asked whether the stock’s recent rebound is likely to last during the episode, and Cramer replied:

“Okay, I am going to take the other side of the trade here and say that I think that the company’s momentum is still not that good. And I would think that if you want a company that I think is on the upswing, I would rather see you in Nike. You can buy some here at $65, and then if it drops down to say $60, because it could happen when they report on December 18, you buy more, and then just let that run because that’s going to be the one that I think is, for the next five years, the best in show. Elliott Hill’s doing a good job.”

Deckers Outdoor Corporation (NYSE:DECK) sells footwear, apparel, and accessories for casual and high-performance use under brands such as UGG, HOKA, Teva, Koolaburra, and AHNU.

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Disclosure: None. This article is originally published at Insider Monkey.