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We recently published a list of Jim Cramer’s Game Plan: 12 Stocks in Focus. In this article, we are going to take a look at where ABC stands against other stocks that Jim Cramer discusses.
Pointing out that retail is “hard to navigate”, Cramer recommended owning Ulta Beauty, Inc. (NASDAQ:ULTA) stock, not trading it.
“Lots of chatter, by the way, Ulta, that Ulta Beauty’s going to have a very strong quarter. Ulta is a stock that people like to make bets on. I don’t like that. I think retail’s very hard to navigate here. If you want to own Ulta… Please don’t trade it, just own it. Going back and forth will only lose you money. As long as you believe in the business, just hold on for the ride.”
A photograph of a customer testing out different products in the skincare aisle at a store.
Ulta Beauty (NASDAQ:ULTA) is a retailer offering a mix of branded and private-label beauty products. It also delivers beauty services through its physical locations, online store, and mobile platforms. On April 25, Cramer commented:
“I’ve been thinking a lot about it. I’ve been thinking a lot about it. One of the reasons I’ve been thinking about is, you know that Sephora is in Kohl’s, and Kohl’s is doing so poorly that I think people are going to gravitate away from Sephora and come back to Ulta. Ulta’s got new management…. I think they got horse sense.”
Overall, ULTA ranks 12th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of ULTA as an investment, our conviction lies in the belief that 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 ULTA and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
