Jim Cramer Believes On Holding “Is a Decent Buy Here.”

On Holding AG (NYSE:ONON) is one of the stocks Jim Cramer shared his views on. Answering a caller’s query about the stock, Cramer said:

“You know, let me tell you something, the reason why I like the stock is that they have adjusted every time that there’s been a problem. Roger Federer and his team have adjusted, and I think that if there’s really something that’s lasting and negative, they will fix it, which is one of the reasons why I do like On. I am concerned that Nike may be making a comeback and take business from On, but I think On is a decent buy here.”

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

On Holding (NYSE:ONON) designs and markets performance-oriented footwear, apparel, and accessories for running, training, outdoor use, and everyday wear. Cramer called the company stock “a great buy” during a February episode, as he commented:

“Okay, I think On is a great buy. I think it’s got the momentum, but understand when you say longer term, I get a little nervous because sneakers, unless, you know, look what happened [with] even Nike longer term. I think On is a hot sneaker. I think it’s gonna stay hot for another year and then we have to revisit. But I think you’ve got upside on every single pullback on On.”

Since the above comment was made, the stock is down over 13% at the time of writing.

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Disclosure: None. This article is originally published at Insider Monkey.