Jim Cramer Reviewed 22 Stocks, Including Home Depot and Caterpillar, After the Relief Rally

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18. On Holding AG (NYSE:ONON)

On Holding AG (NYSE:ONON) is among the stocks Jim Cramer reviewed while discussing the Iran ceasefire that triggered a relief rally. When a caller asked about the stock during the lightning round, Cramer said:

You know what? First of all, thank you for calling in, but it lost its CEO. I don’t understand how that happened. It was all very strange. I’m going to have to say, take a pass. I’m sorry, but I love you guys calling in, but I need to take a pass on On.

On Holding AG (NYSE:ONON) designs and distributes athletic footwear, clothing, and accessories for performance sports and everyday activities. Cramer was bullish on the stock when a caller asked about it during the episode aired on July 30, 2025. The Mad Money host commented:

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.

It is worth noting that the company’s stock has declined by over 33% since the comment above was made.

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