Jim Cramer Mentions Tapestry Among the “List of Retailers That Performed Sharply Better Than Expected”

Tapestry, Inc. (NYSE:TPR) is one of the stocks Jim Cramer commented on along with the recent macro rally. Cramer highlighted the stock as one of the retailers that performed well, as he stated:

“And that’s not all. Consider this list of retailers that performed sharply better than expected: Tapestry, Ralph Lauren, Kohl’s, TJX, Urban Outfitters, and, of course, Walmart. In fact, I can only recall Target, Burlington Stores, and Home Depot being disappointing. That’s extraordinary. It should not be happening when there’s a slowdown in hiring.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

Tapestry, Inc. (NYSE:TPR) designs and sells handbags, accessories, footwear, and apparel. Its brands include Coach, Kate Spade, and Stuart Weitzman. Cramer was asked about the stock during the September 10 episode, and he responded:

“I think they’re very much in charge of their own destiny. I like it. I like Ralph Lauren more, but I saw my great friend Sara Eisen interview the CEO of Tapestry. They do tell a terrific story, and I’m very proud of the work that she’s doing…. That was a great interview about Tapestry.”

While we acknowledge the risk and potential of TPR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TPR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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