Was Jim Cramer Right About These 23 Stocks?

1. Dick’s Sporting Goods Inc. (NYSE:DKS)

Number of Hedge Fund Holders: 45

Cramer closed his retail segment with Dick’s Sporting Goods Inc. (NYSE:DKS), the largest U.S. sporting goods retailer. He highlighted the company’s ability to thrive even as Nike struggled at the time.

“Under the incredibly underrated Lauren Hobart, the company delivered a merchandise margin explosion. Nike getting trashed? Hey, no problem for Dick’s. Footwear was actually a bright spot.”

Dick’s Sporting Goods Inc. (NYSE:DKS) has slipped by 10.98% since that older episode.

Although Cramer appeared more cautious on retailers recently, he still admires the company. Here’s what he said on the 11^th of March:

“We’re hearing disconcerting things from retail. Dick’s Sporting Goods, terrific company, reported excellent numbers but it’s CEO Lauren Hobart gave a very downbeat forecast. Why? Well here’s what she had to say: we are not seeing a weaker consumer now, we’re coming off fantastic Q4, our guidance reflects that there’s so much uncertainty in the world today, in geopolitical environment and macroeconomic environment we are just being appropriately cautious end quote.”

While we acknowledge the potential of DKS 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 DKS 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.

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