We recently published a list of Jim Cramer Focused On These 9 Stocks Recently. In this article, we are going to take a look at where Tapestry, Inc. (NYSE:TPR) stands against other stocks that Jim Cramer discussed recently.
Jim Cramer, host of Mad Money, expressed his frustration on March 19 about how investors often get caught up in discussions revolving around the Federal Reserve, interest rates, and the President’s trade policies, overlooking other important factors.
“Every now and then, we want to make money in the worst way, and when I say the worst way, I mean the dumbest way. We wind up talking endlessly about the Fed and interest rates or the President’s trade policy, whether it’s punitive tariffs, reciprocal tariffs. Oh man, come on.”
READ ALSO: Jim Cramer Talked About 7 Stocks & Stagflation Fears and Jim Cramer Recently Talked About These 12 Companies
On Wednesday, Cramer noted that investors reacted to the Fed’s open market committee meeting results with the same old rhetoric. The Fed announced, without any surprise, that it was leaving rates unchanged, and the market responded positively to the news.
Cramer clarified, however, that he recognizes the significance of the Federal Reserve in influencing market trends. He acknowledged that any negative remarks from Fed Chair Jerome Powell, like signaling that inflation is still out of control or that tariffs might lead to higher prices, pushing the Fed to raise interest rates, or eliminating the possibility of rate cuts, would indeed have a damaging effect. But, he emphasized, none of that came to pass on Wednesday.
“But there’s more to this market than the day-to-day action, which is why I want to focus on the bigger long-term themes for you.”
Cramer argued that, even with changes in interest rates, these long-term stories will be what really matters. Among these enduring trends, Cramer spotlighted artificial intelligence. He called the cooling off in AI investments in recent months “wrong”.
He maintained that AI is a multi-trillion-dollar force that will continue to drive market growth and innovation. Cramer pointed out that the U.S. is grappling with a significant labor shortage, and robots, capable of handling tedious, hazardous, and undesirable tasks, are here to stay. AI’s influence, according to Cramer, is unstoppable, unaffected by the Federal Reserve or even trade policies.
“It’s a multi-trillion dollar wave that can’t be stopped by the Fed or even the tariffs. Why? Because AI’s going to change the world and if you stand in its way, you’re nothing but a candle in the wind.”
Our Methodology
For this article, we compiled a list of 9 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 10. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A close-up of diverse group of people wearing the company’s small leather goods.
Tapestry, Inc. (NYSE:TPR)
Number of Hedge Fund Holders: 57
A caller, while noting Tapestry, Inc. (NYSE:TPR) stock’s recent decline, asked if they should hold or sell it. Cramer replied:
“Okay… I’m gonna be tough on this one. My favorite retailer is Ralph Lauren and that stock collapsed today. Collapsed. So I don’t think Tapestry or PVH for that matter can possibly be better than Ralph Lauren. So all I can tell you is that in this market or in this tape as we say, Tapestry is going lower. I hate to always tell people that. I don’t like people to sell, but I gotta, you know, look, this is not buy and hold here. It’s buy and homework.”
Tapestry (NYSE:TPR) is a luxury goods company that provides a variety of lifestyle products, such as handbags, accessories, footwear, fragrances, jewelry, home goods, and clothing. Appearing on Squawk on the Street on March 13, Cramer remarked:
“Here’s an example of the kind of thing that I see that I don’t like, Ralph Lauren had an amazing quarter. Just fantastic, Patrice Louvet. Stock goes down almost everyday but nothing’s really happened.
… And Tapestry today. . .that’s just zeitgeist. That’s just people saying well look I. . .we’re pulling back, I’m going to get away from these uh expensive so to speak, apparel companies. And they’re not that expensive. But, it does, it’s worrisome, because no one can come out and say, hey listen, that’s not true. You have a zeitgeist moment that is really affecting everything. It’s a shame. Doesn’t have to be this way.”
Overall, TPR ranks 6th on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of TPR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TPR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires
Disclosure: None. This article is originally published at Insider Monkey.
