Jim Cramer Recommends Deckers Outdoor, Realty Income: 'Get A Good Basis'

On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes Deckers Outdoor DECK and recommended buying the stock under $120 per share. “Next buy, 100. Get a good basis,” he added.

On the earnings front, Deckers Outdoor, on Jan. 30, reported quarterly earnings of $3 per share which beat the analyst consensus estimate of $2.55 per share.

Quarterly revenue came in at $1.83 billion which beat the analyst consensus estimate of $1.73 billion and is an increase over sales of $1.56 billion from the same period last year.

"Deckers posted exceptional results in the third quarter, delivering record quarterly revenue, gross margin, and earnings," said Stefano Caroti, CEO of Deckers Outdoor.

“I'm going to see your Gladstone Land LAND and raise you with Realty Income O,” Cramer said.

On Feb. 19, Gladstone Land reported quarterly earnings of 9 cents per share which missed the analyst consensus estimate of 11 cents per share.

The company reported quarterly sales of $21.10 million which beat the analyst consensus estimate of $20.45 million.

Price Action:

• Deckers Outdoor shares gained 3.3% to settle at $119.05 on Wednesday.
• Gladstone Land shares fell 0.6% to close at $10.70 during the session.
• Realty Income shares fell 0.9% to settle at $56.44.

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