Was Jim Cramer Right About lululemon athletica inc. (LULU)?
We recently published a list of . In this article, we are going to take a look at where lululemon athletica inc. (NASDAQ:LULU) stands against other stocks that Jim Cramer discusses.
In that older episode, a loyal viewer and self-described 'Cramer millionaire' called in with a lighthearted anecdote about his personal fondness for lululemon athletica inc. (NASDAQ:LULU) and asked whether to buy the stock. Cramer appreciated the support but advised waiting until after the company's next earnings report. He said:
'We have to wait for Lulu to report… All the signs are that it's still too soon… I got to tell you, I don't want you in Hanes or anything, I'm not doing a Gildan thing… but there'll come a time to do Lulu, but that time is not just yet.'
Advising patience paid off as the stock rebounded +9.23%.
lululemon athletica inc. (NASDAQ:LULU) is a premium athletic apparel company known for its yoga-inspired clothing and accessories catering to both performance and lifestyle segments.
Jim Cramer remains bullish on the athleticwear brand. Here's what he said on May 30:
A store employee in an athletic apparel store restocking merchandise.
'lululemon, there you go, ton of business in China, and as a matter of fact, it's actually been a real bright spot. We did a piece earlier in the week that said that this could be a bottom for the stock, and I think it's just too cheap. I'm sticking by that judgment.'
Overall, LULU ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of LULU 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term 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.
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