Jim Cramer Discusses These 11 Stocks & President Trump

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4. Tapestry, Inc. (NYSE:TPR)

Number of Hedge Fund Holders In Q3 2024: 38

Tapestry, Inc. (NYSE:TPR) is a luxury apparel company whose shares gained more than 79% in 2024. The stock soared amidst troubles in the broader retail industry as the firm’s wealthy customers bucked inflationary trends. Cramer’s previous comments about the firm have commented on the market cheering former FTC head Lina Khan blocking Tapestry, Inc. (NYSE:TPR)’s Capri acquisition. His latest remarks surrounded a broader recovery in the apparel sector:

“Peloton is rather amazing. But apparel Tapestry, that surprised me. That’s Coach. So there are some, I’ve been seeing some life in that group which I hadn’t because they’re so often connected with department stores. But Ralph Lauren’s really cleaned up the outlets.”

“But this is very unusual. We had PVH going down. We had a very weak group. Now suddenly we have a group that’s worth looking at. Paying attention to.”

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