TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer shares his latest take on various stocks as third quarter earnings season heats up. "Lululemon Athletica (LULU) I like long-term - I know this quarter is a challenged quarter," Cramer says, adding that he thinks Nike (NKE) has been very challenged and that he thinks shares of Under Armour (UA) are at the right level to buy. Cramer also says that Union Pacific (UNP) had a tough quarter. According to FactSet, third quarter earnings for S&P 500 companies are expected to decline 1.8% year over year.
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