Jim Cramer Nailed These 11 Stock Picks

2. Lululemon Athletica Inc. (NASDAQ:LULU)

Number of Hedge Fund Holders: 60

Lululemon Athletica Inc. (NASDAQ:LULU) is a leading athletic apparel brand that’s long been a market favorite. But last year, Cramer stepped away from the stock after a string of unimpressive quarters.

“Lululemon, I’m all in on Lululemon, and I have been for years, but I must admit that the numbers in the last few months were not good, not up to snuff for Lulu, so I pulled back on Lulu.”

His decision to pull back proved timely as Lululemon shares have declined 27% since then.

Although Lululemon Athletica Inc. (NASDAQ:LULU) continues to face some struggles in recent months, Jim Cramer is defending the company. Here’s what he said on the 4^th of April:

“Nike did nothing wrong. Lulu did nothing wrong. These companies they didn’t do anything wrong. They played by the rules. They left China. RH left China. They played by the rules. Why hurt the people who played by the rules?”