DSW Inc. (NYSE:DSW) beat the estimates and posted the second quarter earnings $0.37 a share and revenue of $587 million. Wall Street analysts were forecasting profits of $0.32 a share on sales of $565 million. In a program on CNBC, Jim Cramer discussed the DSW Inc. (NYSE:DSW) stock and said that it is a great option for investors as the shoe maker is coming back up in business. He thinks that DSW is underrated and investors must make the move to grab the stock.

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He said that the company had a terrific quarter and sales are up, which is an indicator that the company is getting back into pace.  He also said the CEO of DSW Inc. (NYSE:DSW), Michael MacDonald, is talking a lot of good things and looks very optimistic about the company.

“This is a comeback story, I felt that if it didn’t move up, private equity might get involved,” said Cramer.

Cramer also mentioned GT Advanced Technologies Inc (NASDAQ:GTAT), which is one of Apple Inc. (NASDAQ:AAPL)’s suppliers. He said that GT Advanced Technologies Inc (NASDAQ:GTAT)  is going to experience a great growth because of the reports that it will be producing Sapphire Glass screens for Apple Inc. (NASDAQ:AAPL)’s iPhone 6.

“[…] They have the sapphire product that is going to go in the iPhone 6 launch, there is a lot of guess work about how much sapphire is going to be in, everybody who has a broken screen iPhone should take a look at this GTAT, this is the stock I have been recommending […],” said Cramer.

He said that GT Advanced Technologies Inc (NASDAQ:GTAT) will experience a boost only if Apple Inc. (NASDAQ:AAPL) uses the sapphire screen in the iPhone 6.

Israel Englander is one of the top shareholders of DSW Inc. (NYSE:DSW), having approximately 700,000 shares of the company. Kerr Neilson is one of the biggest shareholders of GT Advanced Technologies Inc (NASDAQ:GTAT) owning approximately 2.5 million shares of the company.

Disclosure: None

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