[ad_1]
We recently published 12 Latest Stocks On Jim Cramer’s Radar. Ralph Lauren Corporation (NYSE:RL) is one of the stocks Jim Cramer recently discussed.
Ralph Lauren Corporation (NYSE:RL)’s shares dipped by 3.9% in August after peer firm Tapestry warned that it would have to take a $160 million hit to its income statement due to tariffs. Like Tapestry, Ralph Lauren Corporation (NYSE:RL) is also a luxury apparel retailer, and investors were worried that business similarities between the two could also affect the firm’s operations. Cramer’s previous comments about Ralph Lauren Corporation (NYSE:RL) have praised the firm’s latest earnings call but warned that investors were in no mood for stocks with tariff exposure. Here are his latest thoughts:
“Ralph Lauren getting hit for 12 off of Tapestry. And not really as analogous as you think.
Here is what Cramer said about Ralph Lauren Corporation (NYSE:RL) after its latest earnings report:
“Today, something happened on the Ralph Lauren conference call that was a harsh reminder not to expect that this market cares at all about what’s already happened. It only cares about what’s going to happen next… I gotta tell you, I loved it. Patrice Louvet is an amazing CEO, and Ralph Lauren’s been a terrific performer, a real standout in apparel. The actual quarterly results were phenomenal… Louvet was effusive about the business… which is what made me say this one could be a real winner today on Squawk on the Street.
Copyright: nd3000 / 123RF Stock Photo
I can’t blame anyone, particularly the management of Ralph Lauren, for being cautious. So I buy the weakness in Ralph Lauren, but you have to recognize that this market is rushing headlong toward the stocks of companies with no tariff exposure and away from companies like Ralph Lauren.”
[ad_2]
Source link
