11 Stocks on Jim Cramer’s Radar

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1. On Holding AG (NYSE:ONON)

Number of Hedge Fund Holders In Q2 2025: 42

Shoe retailer On Holding AG (NYSE:ONON) reported a blockbuster set of earnings yesterday after it raised its full-year guidance for the third time in a row. The results saw the firm post CHF794 million in revenue and CHF0.47 in earnings, both of which beat analyst estimates. On Holding AG (NYSE:ONON) also guided CHF2.98 billion (up from previous CHF2.91 billion) in full-year revenue, which beat estimates by a small margin. The short sellers of the stock have been on Cramer’s mind this year, as he posited in August that the firm would prevail. The shares are down 3% since then, but soared by 20% on Wednesday after the earnings. As he discussed the earnings, Cramer remarked that he’d expected the outperformance in the next quarter and commented on On Holding AG (NYSE:ONON)’s short sellers as well:

“On was just incredible. They’re basically doing the number I expected in like, next quarter. I’ve gotta tell you, those guys are so good, Hoffmann’s so good, no one seems to care. A lot of people shorted it. Big mistake.”

While we acknowledge the potential of ONON to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ONON and that has 100x upside potential, check out our report about this 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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