Jim Cramer’s Take on These 10 Stocks

4. On Holding AG (NYSE:ONON)

Number of Hedge Fund Holders: 49

A caller asked if it was worth investing in On Holding AG (NYSE:ONON) and Cramer remarked:

“I like On very much. I think it is worth it. I think Nike’s fallen on hard times and ON has picked up the slack. They’re doing incredibly well. They got a new single CEO and I really like him. Don’t buy it all at once because this market is horrible.”

On Holding (NYSE:ONON) designs and sells sports products globally. The company provides athletic footwear, apparel, and accessories for running, outdoor activities, training, daily wear, and tennis. Last week during an episode, Cramer stated:

“Okay, we have liked On Holding for some time. We actually started liking it in the $30s… It is a high multiple stock, same multiple in this… [as] Chipotle. I want you to buy the stock, yes, but I want you to let it come in first because the market’s going to be looking a little peaked off of these, frankly, off of the very high tariffs that many people weren’t expecting.”