In this piece, we will look at the stocks Jim Cramer recently discussed.

In a recent appearance on CNBC’s Squawk on the Street,  Jim Cramer discussed the recent purchase price index and reports of investment services costs rising. Cramer doubts whether the data paints an accurate picture of the US economy:

“And then, warehouse services. Well, I mean like, that’s why we have robots. So give me a break. The one’s that are really bad, are going to get better. Which is one of reasons I think why the bonds are not going crazy. They look through it, and I think people just say, where are they getting this information? And I don’t think that’s such a bad question to ask after what happened. Where are they getting, when you say talk about the freight recession that the trucking companies have and you see that the freight rates are up, I don’t know who they’re talking to. Who? There’s no freight, there’s a recession.

“. . .Investment services are up? Well, I mean, how is that possible? Unless you’re talking about jamming people with private equity or something?”

Our Methodology

To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on August 14th.

For these stocks, we also 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

12. Tapestry, Inc. (NYSE:TPR)

Number of Hedge Fund Holders In Q1 2025: 73

Apparel company Tapestry, Inc. (NYSE:TPR)’s shares have gained 53% year-to-date despite a rather massive 15.7% drop in August. The shares fell after the firm’s fiscal fourth quarter earnings report. The results saw Tapestry, Inc. (NYSE:TPR) guide full-year fiscal 2026 earnings to $5.30 to $5.45 per share, which fell short of analyst estimates of $5.49. At the heart of the lower guide was the firm’s warning that it expected tariffs to hit its income statement. Cramer was surprised by Tapestry, Inc. (NYSE:TPR)’s earnings report:

“[On shares being down due to impact from tariffs] Now there’s one where if you want to have a consumer price index problem, I didn’t that there’s was going to be as bad as it is. And that’s Coach. And you know, wow, I mean they didn’t signal that beforehand. It was kind of, quizzical.”

Previously, the CNBC TV show host discussed Tapestry, Inc. (NYSE:TPR) in significant detail:

“Late last year, the Biden administration’s Federal Trade Commission blocked yet another merger, Tapestry’s $8.5 billion acquisition of Capri Holdings… Despite all the tariff uncertainty, Tapestry was able to raise its sales and earnings guidance. What’s driving the strength? Now, a lot of it’s because the Coach brand keeps getting better and better… Now, why is Coach winning? I think this is another example of what we have seen in the consumer discretionary space for a while now. Consumers want value, not necessarily absolute value, but relative value. They want high-quality goods at reasonable prices…

… The way I see it, even with the once red-hot Kate Spade doing terribly right now, Tapestry’s been putting up great numbers, so if they can turn around Kate Spade, that would be pure upside. In the end, giving up on the Capri Holdings acquisition turned out to be a brilliant move for Tapestry. Rather than buying a bunch of struggling brands, they made a much better investment in their own stock, sold off the unexciting Stuart Weitzman business, and have turned their core Coach brand into a powerhouse.

When your competitors are in bad shape, you don’t try to take them over, you just eat them alive, which is what Coach has been doing to Michael Kors… Given the stock’s incredible performance since last October, obviously the expectations here are high… I don’t think the stock is crazy expensive here, trading at just under 22 times this year’s earnings estimate, 18% earnings growth business looks good.

But considering that the stock’s up 69% for the year, this quarter, I’m calling it inherently risky. Here’s the bottom line: Ideally, I want Tapestry to report a good quarter that doesn’t quite satisfy the shareholder base, causing a sell-off that allows you to buy this stock at a lower price. But if you like the story, you got my blessing to put on a small position before the quarter because from my perspective, Tapestry’s management knows exactly what they’re doing and they’re doing it well.”

11. Ulta Beauty, Inc. (NASDAQ:ULTA)

Number of Hedge Fund Holders In Q1 2025: 42

Ulta Beauty, Inc. (NASDAQ:ULTA) is a specialty beauty retailer whose shares have gained 21% year-to-date despite the headwinds faced by the broader cosmetics sector. Ulta Beauty, Inc. (NASDAQ:ULTA)’s shares jumped by 15% in May after the firm’s first-quarter revenue and earnings beat analyst estimates. More importantly, the firm’s comparable same-store growth of 2.9% was significantly higher than analyst estimates of 0.37%. However, Ulta Beauty, Inc. (NASDAQ:ULTA)’s shares dipped by 1% in August after it announced that it was concluding its partnership with Target. Here is what Cramer said about the announcement:

“[On Ulta and Target concluding their partnership next year] I thought that was very significant because that had been something over and over again, Brian Cornell, CEO of Target, had been telling as a great relationship. I think that Ulta has been, if you look at the chart, incredibly strong stock.

“Ulta Beauty had been the primary way that Elf sold into Target. That’s been their number one way. So you maybe want to look at Elf. And say maybe Elf is going to be hurt a little bit. But then start covering because of Rhode, Hailey Bieber’s.”