On CNBC's Mad Money, Jim Cramer said that Bank of America Corp BAC needs two interest rate hikes this year to trade higher. Without the rate hikes, the stock is not in a good shape and it could slip back to $13, added Cramer.
Skechers USA Inc SKX has to post an exciting quarter to trade at multiples of Under Armour Inc UA and Nike Inc NKE, thinks Cramer. The last quarter was not exciting.
Cramer believes that Anheuser Busch Inbev SA (ADR) BUD is the best stock in the sector for people who need income stream. He recommended Constellation Brands, Inc. STZ for people who need growth.
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