Jim Cramer Gives His Opinion On Childrens Place And Lululemon

Jim Cramer said on CNBC's "Mad Money" that Childrens Place Inc PLCE isn't going to be taken over. He would buy it because its competitor filed for bankruptcy. Cramer added that CEO Jane Elfers is doing a really good job. He doesn't expect the retail sector to perform well.

Lululemon Athletica inc. LULU had a good quarter, but the stock didn't trade higher, explained Cramer. He is willing to take a risk and buy it at its current price.