Dionysis Partsinevelos
2 min read
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We recently published a list of 10 Stock Predictions That Jim Cramer Got Right Again. In this article, we are going to take a look at where The Estée Lauder Companies Inc. (NYSE:EL) stands against other stocks that Jim Cramer discusses.
In that older episode, a caller from the Investing Club asked if The Estée Lauder Companies Inc. (NYSE:EL) was worth adding to amid ongoing weakness in its China business and luxury segment. Cramer was deeply disappointed with the stock’s performance at the time and cautioned against buying more:
“Until I see something actually good out of the company I can’t keep buying it. It is a horrendous stock — the worst stock that we own now… China was bad but China’s inventory has been cleaned out… I need to see something, anything positive… even just like a maybe like a bottle of MAC.”
Cramer was brutally honest in calling it “a horrendous stock,” and rightly so as it’s down -44.51%.
The Estée Lauder Companies Inc. (NYSE:EL) is a global leader in prestige beauty, producing skincare, makeup, fragrance, and hair care products under brands like Estée Lauder, MAC, and Clinique.
A close-up of a customer's hands selecting beauty products from an online retailer.
Overall, EL ranks 2nd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of EL 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.
