Was Jim Cramer Right About Canada Goose Holdings Inc. (GOOS)?

We recently published a list of 12 Stocks Jim Cramer Was Right About. In this article, we are going to take a look at where Canada Goose Holdings Inc. (NYSE:GOOS) stands against other stocks that Jim Cramer discusses.

Back in 2024, on May 17, a caller asked whether Canada Goose Holdings Inc. (NYSE:GOOS) was worth revisiting after a strong quarter. Cramer advised staying away, citing the market’s lack of interest, saying:

“I’m going to tell you — I’m going to put my trading hat on. When I see a company report that kind of number — that good — and it doesn’t go up, I say ‘ain’t nothing going to get this thing going. Let’s stay away.”

A shop window in a city skyline, showcasing the company’s luxurious parkas.

Canada Goose stalled despite a strong quarter, falling 30.93% and validating his decision to stay away.

Canada Goose Holdings Inc. (NYSE:GOOS) is falling behind as its luxury positioning clashes with consumer belt-tightening and inventory bloat.

Overall, GOOS ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of GOOS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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