Jim Cramer Discusses These 10 Stocks & Dissects President Trump’s China Tariffs

8. Ferrari N.V. (NYSE:RACE)

Number of Hedge Fund Holders In Q3 2024: 36

Ferrari N.V. (NYSE:RACE) is one of the most iconic sports car manufacturers in the world. Its shares are up by 24% over the past year as a high-profile and inflation-resistant clientele has enabled Ferrari N.V. (NYSE:RACE) to raise its revenue forecasts even as the broader automotive industry struggles with demand. The shares are up by 15.2% year-to-date as the firm guided €2.45 billion in 2025 operating income to mark a 7.5% annual growth and generated €1 billion in profit for the first time. Here is what Cramer said about Ferrari N.V. (NYSE:RACE):

“Look I think that they’re, a lot of people feel there is no tier, that people, everything’s been affected, everybody. . . here’s a company where there is not a lot of resistance to price. So they don’t have to cut price. By the way a lot of consumer products companies, the reason why their stocks are down is they have held price. And the American public, they are done with that. You lower your price or you’re out.”

“And this, Ferrari’s one of the few companies they did not have to cut their price. Amazing.”