Jim Cramer Discussed These 11 Stocks & Erratic Stock Market Performance

1. Tapestry, Inc. (NYSE:TPR)

Number of Hedge Fund Holders In Q3 2024: 57

Tapestry, Inc. (NYSE:TPR) is a luxury apparel company known for its well-known brands such as Coach and Spade. Despite a broader slump in the retail industry that impacted most stocks last year, the firm’s shares have gained 90.8% over the past year. Tapestry, Inc. (NYSE:TPR)’s stock has performed well primarily due to the fact that the firm’s wealthy customers have proven resistant to the broader inflationary storm that has impacted the market. Cramer’s previous remarks have commented on how Tapestry, Inc. (NYSE:TPR) is part of a retail group that has demonstrated strong performance. Here are his latest remarks:

“Tapestry sold Stuart Weitzman today, they bought Stuart Weitzman for five hundred and seventy four million dollars. Ten years ago. And they sold it for song. So there’s crunching, there’s things that are tougher, don’t give up the ship. Things are not that bad. It’s just that you gotta get used to a flow of headlines.”

TPR is a stock Jim Cramer recently discussed. While we acknowledge the potential of TPR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than TPR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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