We recently published a list of Jim Cramer Stock Portfolio for Q4: Top 11 Stocks to Buy and Sell. Since Ralph Lauren Corp (NYSE:RL) ranks 9th on the list, it deserves a deeper look.
Jim Cramer in a latest program on CNBC talked about the importance of using short-term rallies to your advantage. He said that investors should know when to take the chips off the table.
“The idea that you should buy and hold through both the best of times and worst of times is probably incredibly foolish, with only very few exceptions,” Cramer said.
Cramer said that if the stock you bought is going higher and higher and you keep resisting the urge to take some profits, you won’t make any actual money from these gains if the stock comes down later paring all these profits. This seems straightforward but the idea of buying low and selling high is easier said than done, Cramer said.
“Don’t get carried away by the optimism. Instead, keep your head on straight, check your emotions, focus on long term and think about ringing the register, especially on stocks that might be getting too high,” Cramer added.
For this article we watched several latest programs of Jim Cramer aired on CNBC and picked 10 stocks he’s talking about. We also picked an interesting prediction Cramer made back in 2021 about a stock and saw how it turned out. With each company we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
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Ralph Lauren Corp (NYSE:RL)
Number of Hedge Fund Investors: 36
Ralph Lauren Corp (NYSE:RL) reported its latest quarterly results in August. Commenting on the numbers, Jim Cramer said this was a “stronger European and Asian” quarter than the US.
Cramer was surprised that the company did well in China, while its competitors are getting clobbered in the country.
“The brand is very very strong.”
Cramer said Ralph Lauren Corp (NYSE:RL) CEO Patrice Louvet will be able to tell a “fabulous, fabulous story.”
“Because they’ve gotten rid of anything that is low end, they are all high end and they are quality. I salute them.”
Cramer said that Ralph Lauren is “consistent” in a business that is “episodic.”
Overall, Ralph Lauren Corp (NYSE:RL) ranks 9th on Insider Monkey’s list titled Jim Cramer Stock Portfolio for Q4: Top 11 Stocks to Buy and Sell. While we acknowledge the potential of Ralph Lauren Corp (NYSE:RL), our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.