Jim Cramer Says “e.l.f. Beauty Is Erratic Right Now, But I Have Faith That It Can Go higher”

e.l.f. Beauty, Inc. (NYSE:ELF) is one of the stocks on which Jim Cramer expressed his thoughts. Noting the stock’s decline over the past few months, a caller asked whether they should sell their position and buy CRWV instead. Cramer replied:

You know, oh boy, alright, that’s frying pan fire. Okay, so e.l.f. Beauty is erratic right now, but I have faith that it can go higher. I think you hold off on CoreWeave. CoreWeave is a stock that has tremendous potential but also has a lot of downside, and I don’t want you… to be in something that has a lot of downside. As much as I like the company, it is, it can be eviscerated by changes.

A stock market graph. Photo by energepic.com

e.l.f. Beauty, Inc. (NYSE:ELF) sells cosmetics and skincare products under its brands, like e.l.f. Cosmetics, e.l.f. Skin, Well People, Naturium, and Keys Soulcare. During the January 9 episode, when a caller asked whether they should hold the stock or take profits, Cramer responded:

Okay, the stock’s been troubled, and a lot of that I think is because people are confused about the Chinese, with the manufacturing. Let’s do this. If you get a tariff overturn from the Supreme Court, this stock’s going to go up 25 points. Let’s just hold on to it for now because I think it’s actually reflecting some of the weakness that I don’t even think is there anymore. I think Tarang Amin is terrific.

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

Disclosure: None.  Follow Insider Monkey on Google News.