Tapestry, Inc. (NYSE:TPR) is one of the stocks Jim Cramer commented on along with the recent macro rally. Cramer highlighted the stock as one of the retailers that performed well, as he stated:
“And that’s not all. Consider this list of retailers that performed sharply better than expected: Tapestry, Ralph Lauren, Kohl’s, TJX, Urban Outfitters, and, of course, Walmart. In fact, I can only recall Target, Burlington Stores, and Home Depot being disappointing. That’s extraordinary. It should not be happening when there’s a slowdown in hiring.”
Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels
Tapestry, Inc. (NYSE:TPR) designs and sells handbags, accessories, footwear, and apparel. Its brands include Coach, Kate Spade, and Stuart Weitzman. Cramer was asked about the stock during the September 10 episode, and he responded:
“I think they’re very much in charge of their own destiny. I like it. I like Ralph Lauren more, but I saw my great friend Sara Eisen interview the CEO of Tapestry. They do tell a terrific story, and I’m very proud of the work that she’s doing…. That was a great interview about Tapestry.”
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Disclosure: None. This article is originally published at Insider Monkey.
