Jim Cramer Advises His Viewers On Estee Lauder And Ralph Lauren

Jim Cramer spoke on CNBC's Mad Money about Estee Lauder Companies Inc EL. He is bullish on the stock and he thinks it has bottomed, but he likes Ulta Beauty Inc ULTA more. Estee Lauder traded higher last Thursday after it reported earnings.

Cramer wouldn't buy Ralph Lauren Corp RL. He wants to wait for it to trade even lower and then he would consider buying it.