Jim Cramer Discussed These 21 Stocks As Bond Yields Soared

Page 4 of 19

16. Tapestry, Inc. (NYSE:TPR)

Number of Hedge Fund Holders In Q3 2024: 38

Tapestry, Inc. (NYSE:TPR) is a luxury apparel company that has managed to hedge against the storm that’s hit its peers. The firm’s stock endured in 2024 and ended the year with more than 79% in gains. Tapestry, Inc. (NYSE:TPR) has endured because the firm’s customer base of wealthy individuals is insulated against the broader dip in spending power that has harmed consumers in the US and abroad. Tapestry, Inc. (NYSE:TPR) beat analyst estimates for its fiscal fourth quarter results, and Cramer commented on Barclays upgrading the stock to Overweight:

“And by the way, Tapestry clearly didn’t get sidetracked. Well, doing quite well. I don’t know. Some of these consumer names are making a little bit of a comeback.

“[Barclays ups Tapestry to Overweight]I thought that was very interesting cause I thought they were floundering. I was wrong.”

Page 4 of 19