eric wiseman, chairman, president and ceo of vf corp.the stock market so much, i love the brands. you love the company, you love the management. sometimes it is that easy. stay with cramer. thank you. >>> coming up, are you ready to get charged up? cramer cranks up the voltage and goes electric on an all new hyperactive "lightning round." if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. ♪ ♪ ♪ [ male announcer ] introducing a reason...to look twice. introducing a stunning work of technology -- the entirely new lexus es. and the first-ever es hybrid. this is the pursuit of perfection. >>> it is time. it is time for the lightning round on cramer's "mad money." when you hear this sound -- [ buzzer ] -- then the lightning round is over. are you r

eric wiseman, chairman, president and ceo of vf corp.stock market so much, i love the brands. you love the company, you love the management. sometimes it is that easy. stay with cramer. thank you. >>> coming up, are you ready to get charged up? cramer cranks up the voltage and goes electric on an all new hyperactive "lightning round." >>> it is time. it is time for the lightning round on cramer's "mad money." when you hear this sound -- [ buzzer ] -- then the lightning round is over. are you ready, skee-daddy? it's time for the lightning round. keith in colorado. >> caller: what should we do with our deep in the money calls for crm? go packers. >> thank you for subscribing and being i member of the chairman's club where i am on the board. sales force.com is i think after the oracle conference, i even feel better about salesforce.com. continue on the calls. sell some $165. packers neither here nor there. i don't like the running game. the "d" is softer than i thought. let's go to ed in massachusetts. ed? >> caller: big boo-yah to you, cra

eric wiseman, chairman, president and ceo of vf corp. like the stock market so much, i love the brands. you love the company, you love the management. sometimes it is that easy. stay with cramer. thank you. >>> coming up, are you ready to get charged up? cramer cranks up the voltage and goes electric on an all new hyperactive "lightning round." n. ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> it is time. it is time for the lightning round on cramer's "mad money." when you hear this sound -- [ buzzer ] -- then the lightning round is over. are you ready, skee-daddy? it's time for the lightning round. [ buzzer ] keith in colorado. >> caller: what should we do with our deep in the money calls for crm? go packers. >> thank you for subscrib

vf corp.s the one we are focusing on but you can take a look at coach and other names coming under pressure. vf corp. came out with their numbers. vf corp. is the parent of north face, timberland, so there are a lot of names you know. they did come out with numbers better than expected, saw 27% increase in their third quarter profit. they raised the dividend. but here's the thing -- and raised full year outlook as well. the north face sales were slower than expected. and that's one of the reasons that we are seeing it sell off here. vf corp. now is down 7.6%. coach not too far behind. down 4%. liz? liz: when there isn't freezing cold weather -- [inaudible]. nicole thank you very much. let's shake it up with the team. our team consists of peter barnes if washington, d.c., liz macdonald here in new york. we kick it off with rich edson standing by at the site of the third and final presidential debate in boca raton florida. rich, investors, what should they be looking out for in tonight's debate?

shares of vf corp. down about 3% this morning. 30% so far this year as you probably know. on the news line for cnbc exclusive is eric wiseman, eric, great to talk to you this morning, welcome back. >> nice to talk to you, as well. >> it's been said given all the challenges retailers have around the globe, maybe nobody has managed risk as well as you guys have. can you walk me -- how would you characterize the guidance for the fourth quarter? once we account for any fx adjustments. >> well, we reported a really strong third quarter with our revenues up 14%, 17% on a constant currency basis and organic growth of 6%, and the year is going to come in pretty much exactly as we called it back in february, actually, with revenues of $10.9 billion and 8% constant currency growth rate. we've seen -- we knew all along there were going to be some ups and downs during the course of the year. but we're going to have a great year. what changed since the beginning of the year is we've increased our earnings guidance from $9.30 back in february t

while we're at it, i just saw -- we should look at vf corp. the parent company of so many other big retail names. it too hitting 52 week high and all-time high. earlier today it was up more than $164 and change. so there you go, an all-time high for vf corp. which has been around for a long time. a big fish reporting earnings % this morning, citigroup, they beat the street's estimates by a long shot. shares of the bank right now moving higher by several percentage points, spending the entire day in the green. we are watching citi which is a widely held stock. also flip it over to jpmorgan showing some pretty decent afterglow from friday's earnings results. and shares of goldman sachs rally ahead of its earnings report tomorrow, and that comes out before the bell. all the good news boosting the markets today which are coming back to life after last week's losses. after six losing sessions, right now the dow jones industrials higher by 77 points. but at one point of the day, it charged ahead by 100 points. gold, though, let's take a look having

the apparel company vf corp., lee jeans, wranglers and all of those, bigger quarterly profit though revenues came in shy of expectations. company also announcing it is increasing its quarterly dividend by 20%. buy, sell, hold on vf? >> just like mkeep in mind, it e close last week. i'm very optimistic out here. they got hurt a glit in their european sales of northface. on top of that, lot of retailers are very conservative and they were's trying to be stung last year when they bought all that stuff with that warm weather. >> but, man, they sell a lot of those northface -- >> they are selling 23% more in china. on the trajectory it is going up. >> real -- comfortable -- jeans. all right, see you in a little bit. >>> many americans facing an uncertain future with their retirement funds. what is the smart way to play catch-up? $3.5 trillion worth of advice for you from blackrock. >>> the big three automakers have always banked on consumers changing their cars every four years. new numbers that are raising some serious fears about that one. we'll be right back. americans believe they should be i

vf corp has been sliding relentlessly because they made a couple of negative utterances about europe. that's all it took. i see no negative on the horizon. don't expect these stock fortunes to change. step two of the gauntlet, does it have exposure to the election and the fiscal cliff? you want to see how vicious this part of the gauntlet is? do you know the most legitimate big cap upside surprise this week came from boeing? boeing. which jumped a buck and a half, all the way up to $74 and change, at the open yesterday, after reporting a pristine number. and it's been down ever since. because people perceive that its defense business will be crushed by a congress that can't avoid the fiscal cliff, even as this commercial aerospace business is clearly on fire and no one doubts that. plus, romney has been making a ton of noises about how to fix the deficit while still allowing more military spending. no one cared about boeing's upside surprise. the stock can't seem to stop going down. until the election and the fiscal cliff resolve themselves, we could tread water on these issues too. a

. >> from vf corp. in from ralph lauren. we have seen increase and williams sonoma hit an increase.ast but not least. we have had dynamite retail sales from the iphone 5. could that be why stocks are headed in the right direction? we know that a lot of money comes from the consumer's balance sheet. it is part of the qe 3 thing? the boom went to mortgages and refinances. jp morgan, wells fargo and citigroup. i will be addressing the change in regime later in the show. i can tell you that no one was expecting this. when we see that employment is weak we can't fathom strong department store sales. we are stuck with the positives. why lot of people strangely don't like it. we are on pace to sell 1.8 million autos. we were doing 9 million the year before that. the boom time level figures and the boom doesn't fit with the boom. and gm is doing poorly elsewhere. but in this country. the numbers say go with the boom. call me a numbers guy. how about the manufacturing figures? we know europe is weak. what matters to the market is the trajectory. we were headed down and now we are headed up.

what is vf corp.? >> apparel brands and wrangler jeans, backpacks and timberland boots and consumables. in a world where we are worried about the economy and what is going to happen we like consumables and that is as consumable as it gets. three kids at home go through that fast. ashley: very popular products. we had a mild winter in the northeast and across the country so it is looking good. >>, are good and nasty weather early on you could see some big numbers out of this company. ashley: your number one pick yum brands. >> yum brands is pizza hut and taco bell and kfc around world not just in the u.s.. kfc business in china is robust. growing high single digits and 10% plus. the chinese market loves chicken. ashley: not so much hamburgers. chicken is number one. >> dominant fast-food chain in china and will continue to be so. ashley: yum continues to grow when you are not worried about the consumer? >> you have to eat every day. ashley: that is true. very good. one last thing. a lot of people in saf

vf corp., michael kors, ralph lauren, coach even participated today. our home sales are accelerating. foreclosures are at the lowest level in half a dozen years. house values are going up in many parts of the country. refinances continue to run at high levels. no wonder the banks are doing so well. citigroup reported sharply better than expected earnings this morning, although a lot of those earnings did come from emerging markets. it's no surprise this group has been the market's leader. it's the bank's customers who are buying all the stuff i just mentioned, and the banks tend to take a cut of pretty much everything, especially houses. sure, the u.s. government may raise taxes, which is ironically something we're supposed to want, but of course we're now terrified of. the cliff could easily have kept you out of walmart for the last 20 points. it might have made you sell panera 50 points ago. it could have caused you to miss home depot or disney or 3m, to name three dow stocks on a huge tear throughout the fiscal cliff scare. if you let the fiscal cli

. >> finally shares of vf corp.alling after the maker of north face and wrangler jeans lower by about 4% to $1.60 or $160. they fell short on revenue. simon james baker? >> yeah, they disappointed and fell short on revenue, stock up 27% on the year. i mean, listen, i'd be buying this on weakness. it's still well-positioned to capture a healthy portion of consumer wallet share and one of the best operators in the business. i'd be buying it on weakness here. >> former goldman sachs employee who wrote a scathing "new york times" editorial about the firm is making headlines again. his new book "why i left goldman sachs" released today. take a listen to what he had to say this morning on the "today" show about goldman's treatments of its clients. >> the idea of calling someone a muppet or a name is not the bad thing. the bad thing is the reason you're calling them a muppet. because a teacher's pension fund gets tricked into trading a product it doesn't understand. >> greg smith's allegations hurt the company's reputation

. >>> vf corp. has had a great jeer. it's had a great couple of years. a solid quarter last quarter and actually raised guidance. but this is a case of good not being good enough. it does point to incremental slowdowns in europe and china. everything is not pure roses. but net income did soar year over year. sales are up 14.5%. it raised its fiscal year 2012 estimates and also raised its dividend. stock though -- again i put it in there. it's like chipotle. good numbers by any other company's measure is not good numbers when people demand to see the continued pace of growth. >>> cablevision shares little bit meh today. flip over the board, unchanged. >> that is the ultimate "meh." however, we threw this into street talk because there is an interesting note out today. yeah, the stock was upgraded to a buy, raised to $22 from $18. almost $5 of up side in the stock. here's what was interesting in the note to me. the dolan family, which gets a little criticism here in new york with the knicks and everything like this, they've tried to take the company privat

then there's vf corp. and nike which is divesting noncore assets right now.he most interesting point. under armour is only 6% ex-u.s. much more so in nike. long-term, perhaps a huge growth opportunity. >> excuse my ignorance, but what's camo wear? >> camo, camouflage. >> oh. >> stick to your drawings. >> mike? >> the options market was quite active. four-times the average dale little volume expecting an 8% move on the earnings coming out tomorrow. and they're targeting $52 from where it is right now. so the options market 3,000 contracts betting it's going to go lower here. >> okay. simon? i actually think a camel costume -- >> what? >> a camel costume -- >> camouflage camel, then you cover all the bases. >> i thought simon was taking the hump. >> oh. >> i like the specialty realty play, i like it here, be long. >> okay. >> and also the one direction guys were wearing under armour, not nike, the dolls. >> were they? >> they were. okay. another name -- >> the cruise ship company will report before the opening bell. mike khouw you saw some action on this today.

i have a feeling today, vf corp. said weakness in europe versus what they said. obviously a bunch of industrial companies say not the right thing. why are people -- let me just put this. why are people buying your expensive stuff? >> you know, jim, i think there is a couple of very simple answers for it. innovation is probably the key. we spend about 4% of our revenues every year. we have an incredible pipeline of new products coming out. and i think this year we introduced, you know, 22 new vehicles that consumers really enjoy. and that's a good balance. our engineer, almost every one of them ride the products. so when we put out something new, it's just not what we think might work, it's what we have proven, the combination between the engine performance and the chassis performance that gives the rider the confidence, whether it's a work environment or the recreational environment. and it's that confidence. and you talked about passion earlier. the passion for our products across our consumer base is really unabated throughout the year, even if we have seen eco

vf corp. quarter 3.52, above expectation at 3.49, revenue slightly below and guidance is not bad for next year although the stock is indicated sharply -- actually looking for 9.50 next year versus -- yeah, 9.60, reaffirming for next year. bb&t corp. upgraded to buy from neutral at citi. and sandisk downgraded to sector perform from outperform at rbc capital. >> are you taking south carolina versus florida? >> that was a stupid pick. that was not gutsy. makes me look bad, made the animal orchestra look bad. colorado is getting 45 1/2 points. >> wait a second do you get the points when you pick with the animal orchestra? >> oh, yeah. >> i thought it was supposed to be straight up and down win. then we're taking whoever is playing colorado. >> can notre dame hang with oklahoma? >> huge question. we'll see. >> maybe they can but this is a test this week and byu is a trap game just like temple with you. >> yes, it was. we almost -- well we did very well in the second half. >>> coming up a first on

look at vf corp. they came out with their numbers. parent of north face, timberland, january sport, some apparel companies. even though they did well in the quarter they didn't meet analyst expectations. there was growth for sales at north face. quarterly earnings beat but revenue was shy. north face they saw a little bit of decelerating growth. that is something the analysts were very quick to notice. that is one of reasons why you saw vp corp selling off 5%. it raised their quarterly dividend. seemed like a good report but revenues were shy in north face and. tracy: there has been no snow. nicole, see you in 15 minutes. >>> coming up yahoo!'s big moment. can the embattled internet company prove to investors that it actually turned things around? i don't know. we'll find out. ashley: the snowiest winter in history. tracy: i think to myself, you're right, look how the u.s. dollar is moving right now and you can see down against the euro, the pound and the canadian dollar. we'll be right back. [ engine revving ] ♪ [ male announcer ] ev

>> vf corp, a company that just came back from china, one of the great ceos in this country, lookingo seeing him. >> when we come back, after a short break, we'll talk about the presidential debate tonight and a lot more as we continue to watch ipos here at the big board. back in a minute. . >> announcer: today on the close bell, joe torre beginning at 3:00 p.m. eastern on cnbc. >>> welcome back to "squawk on the street." we're going to have some good data momentarily. nonmanufacturing. the service sector, the bigger part of the economy. this september number we're expecting, basically a lateral move. 53.7 was our last look and we're also coming off of several other data points. adp was better than expected at 162. high ironic, we stripped away last month's revision. we could argue about the fed in qe 3 but initially re-fis have popped and we're waiting for it, the markets are moving a little bit. equities are 55.1. they've had it. they started to rally. much better than expected. much better than our last look and it's the best number going back to march. march when you had a number

when you say i want to buy vf corps because they have northface jackets, things are not as simple as they used to be. there's not a pure play. not an umbrella play. >> at this time normally if the stock markets were open, we would talk about earnings. we're still in earning season. companies postponed the earnings released from this morning to later on in the week because of the storm. we're talking about names like pfizer and those have all postponed earnings releases because of hurricane sandy. watch for those later on this week. just something to keep in mind as we go into trading. >> the week is going to be consequenti consequential. a jobs number on friday. the last one before presidential elections. a week from tomorrow. we're going to get through this period of uncertainty given the storm. there's a lot in front of us. it's not just about weather. >> q-4 revenue below consensus from companies that make donkeys that go up and down. a weak quarter domestically. not really able to buck that. a lot of people feel that they could be in play. armstrong world disappointing quarter. t

these are $400 jeans so the question is, would vf corps be interested, ready for another deal after timberland. pf corps ready to do a deal after tommy hilfiger, or in the end is this a company hanging around for a long time and people feel there's room for $400 jeans. when you put yourself up for sale these days and you're in a power brand people want you. ralph lauren, pbh, bf corps three of the strongest stocks in the market. i'm curious to see who is behind this. >> talk about what bernstein is staying about viacom. >> downgrade from hold to sell. david says the stock is like almost every day hits a 52-week high. this is weakness in mtv. you know what? if this is weakness and this stock does this, who knows what would happen if things get better. i was surprised that mtv was not so strong. that was on top of maybe knick loadian coming back. "jersey shore" a one-time spur. i do not want to go against anything involving something in redstone because the buy-backs have been positively auto zone like in terms of being there every single day. i don't want to sell this thing, i don't know why th