10 Stock Predictions That Jim Cramer Got Right Again

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8. lululemon athletica inc. (NASDAQ:LULU)

Number of Hedge Fund Holders: 48

In that older episode, a loyal viewer and self-described “Cramer millionaire” called in with a lighthearted anecdote about his personal fondness for lululemon athletica inc. (NASDAQ:LULU) and asked whether to buy the stock. Cramer appreciated the support but advised waiting until after the company’s next earnings report. He said:

“We have to wait for Lulu to report… All the signs are that it’s still too soon… I got to tell you, I don’t want you in Hanes or anything, I’m not doing a Gildan thing… but there’ll come a time to do Lulu, but that time is not just yet.”

Advising patience paid off as the stock rebounded +9.23%.

lululemon athletica inc. (NASDAQ:LULU) is a premium athletic apparel company known for its yoga-inspired clothing and accessories catering to both performance and lifestyle segments.

Jim Cramer remains bullish on the athleticwear brand. Here’s what he said on May 30:

“lululemon, there you go, ton of business in China, and as a matter of fact, it’s actually been a real bright spot. We did a piece earlier in the week that said that this could be a bottom for the stock, and I think it’s just too cheap. I’m sticking by that judgment.”

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