Jim Cramer Says “I Can Tell a Winner in Retail Just By Witnessing the Stores, Tapestry’s a Winner”

Tapestry, Inc. (NYSE:TPR) is one of the stocks Jim Cramer talked about. Cramer highlighted the stock as one of the “terrific winners,” as he said:

Even after this beatdown, there are some terrific winners in this market. Take Tapestry, the parent of Coach and Kate Spade, with a stock that’s up more than 84% over the past 12 months, including some big gains after the company reported a blowout quarter about a month ago… I can tell a winner in retail just by witnessing the stores. Tapestry’s a winner, well organized, great price points, beaming salespeople, true sense of wonderment. Would I buy the stock? Well, that’s not enough. You know, you gotta do a little homework. However, it is a good place to start. What I heard from CEO Joanne Crevoiserat today makes me feel very confident about this stock.

Stock market data. Photo by Burak The Weekender on Pexels

Tapestry, Inc. (NYSE:TPR) designs and sells handbags, accessories, footwear, and apparel. Its brands include Coach and Kate Spade. During the February 27 episode, a caller noted that their research showed them that a significant number of high school students want Coach handbags and inquired about the stock. The Mad Money host replied:

Yes, and that is right. And you should own the stock. Your research dovetails exactly with what I hear from Wall Street and from the company. You want to buy, buy, buy some. Buy half of it, and then if it falls, buy some more. That’s the ticket. And thank you for that insight, that’s worth millions for our people.

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.

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