Jim Cramer Had These 21 Stocks on His Radar

Page 7 of 20

14. Ralph Lauren Corporation (NYSE:RL)

Number of Hedge Fund Holders: 45

Ralph Lauren Corporation (NYSE:RL) was mentioned during the episode, and here’s what Cramer had to say:

“This is a stock I recommended a little over a month ago on March 13th when it was trading at just $216 and change. Now it’s back up to $274. I’m betting it continues to climb. Yesterday morning, Ralph Lauren reported what I thought was an excellent quarter, but the market couldn’t figure out what to make of the numbers, and the stock turned into a roller coaster, ultimately finishing the session up three and a half bucks. The way I see it, the stock should have been up a lot more, but it was down a lot at one point…

… When you put it all together, Ralph Lauren’s not only holding its ground against the backdrop of an uncertain economy, it’s positioning itself for long-term success. So here’s the bottom line: It’s clear that demand for RL’s timeless apparel is more than intact. And when you factor in their strong international business sourcing flexibility and momentum in high-potential categories, project momentum, Ralph Lauren’s looking really good after that quarter. The sellers were wrong yesterday, and the buyers who sent the stock back up were dead right. More important, this thing, it’s got a lot more to run.”

Ralph Lauren (NYSE:RL) manufactures and sells a wide range of lifestyle products, including clothing, footwear, accessories, home goods, and fragrances, under various brand names. The company also operates restaurants and coffee shops in select cities.

Page 7 of 20