14 Stocks That Jim Cramer Recently Talked About

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12. RH (NYSE:RH

Number of Hedge Fund Holders In Q3 2024: 39

RH (NYSE:RH), also known as Restoration Hardware, is a home furnishing provider. It is a typical stock that does not perform well when interest rates are high. RH (NYSE:RH)’s shares are up 46% year-to-date, but this optimism is built on the back of lower interest rates. Before the Fed’s first rate cut in September, the shares were down 14.6% during the year, and they jumped by 25% after the rate cut. Cramer is quite optimistic about the stock as he’s going against the tide of short sellers betting against the firm. His optimism surrounding RH (NYSE:RH) stems from confidence in the firm’s leadership and its CEO. While short sellers might be betting against the firm, Warren Buffett’s Berkshire Hathaway scooped up a $203 million stake in the firm in Q3. According to Cramer:

“Keep an eye on Restoration Hardware. We got a nice piece from Stifel today going from $420 going to $500. But this is, RH is one the most heavily shorted stocks in the entire market. Gary Friedman is the CEO. Just looking over the first quarter, a lot of people feel like he’s too bullish in his projections. That’s nonsense. The guy is spot on in his projections. Probably one of the most accurate CEOs about what’s going to happen. So as this one comes in, I know it seems high, but, it’s a winner. And as the rates come down, it’s even a bigger winner. And I think people are going to understand worldwide ambitions are paying here. Very interesting short squeeze.

“I just think coming down, that’s one you got to be very, very cautious if you’re thinking about shorting. Very dangerous.”

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