Jim Cramer Discussed These 29 Stocks Ahead Of Major AI Event

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23. RH (NYSE:RH

Number of Hedge Fund Holders In Q3 2024: 39

RH (NYSE:RH) is a home furnishing products company whose shares are dependent on interest rates due to the nature of the home building industry in the US. Therefore, the stock’s performance depends on the Fed’s interest rate cut cycle. This dependence makes it unsurprising that RH (NYSE:RH)’s stock is up by a modest 2.90% over the past month as the central bank has reduced its rate cut guidance for 2025 to two cuts from an earlier four. Cramer commented on Barclays upgrading the shares to Overweight from Equal Weight and hiking the price target to $515 from $383:

“By the way, I’m looking at retail. RH catches a critical upgrade. That’s the old Restoration Hardware. Things look good there, I’m just a little surprised.”

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