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Cramer: Go for the Great Outdoors!

Friday, 18 Feb 2011 | 3:09 PM ET

Outdoor sporting-related retailers are on fire, Mad Money's Jim Cramer said on Friday's Stop Trading! So how can you take advantage of this sector's growth?

Stop Trading, Listen to Cramer!
Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.

Some of the stocks Cramer likes right now are Cabela's which reported an "amazing quarter" with comparable store sales increasing 7.3 percent, and Timberland, which reported fourth quarter revenue increases of 26.7 percent.

"This is really looking like a major theme," Cramer said. He's particularly fond of Jarden, which reported record fourth quarter and full year 2010 results.

"Yesterday, Jarden said some unbelievable things about its Coleman unit outside," Cramer said.

"These stocks tend to have big rallies and then pullback," he said. And on the pullback, I think you've got to be a buyer and not a seller."

The company's diversification is an added bonus on top of its outdoor units, he added.

"If it requires a machine and it's sold in appliances, you're going to bet that Jarden is going to be in it," Cramer said.

Sticking to the sporting theme, Cramer noted that Nike will be unveiling its new line of sports shoes this weekend and there is a lot of excitement surrounding it. The stock was even up on anticipation of the news. But Cramer was wary.

"I think they may be borrowing from the upside by taking the stock up today," Cramer said, leading him to make a warning for Nike holders.

"I would now be careful...sometimes you do get ahead of yourself if you own Nike," he said.

Meanwhile over in telecom land, Cramer had his eye on Windstream and Centurylink, companies he has liked for yield for a while. But the group is under pressure now. If it weren't for Centurylink buying Qwest , Cramer said "if they were not buying Qwest I'd tell you to outright sell it."

"We did not get numbers from this industry that I like," he said. The group is under pressure, he added, as showing no growth to actual line losses, and that's something no one wants to see.

"People are saying 'you know what, if I want yield let these get higher before I go back' and I agree with that sentiment," he said.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money Web site? madcap@cnbc.com

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