On Holding AG (ONON) Is One Of My Favorite Companies, Says Jim Cramer

We recently published 9 Stocks Jim Cramer Recently Talked About As He Said I’m A Quantum Computing “Believer”. On Holding AG (NYSE:ONON) is one of the stocks Jim Cramer recently discussed.

On Holding AG (NYSE:ONON) is a Swiss athletic apparel retailer. Its shares have dipped by 19% year-to-date, primarily due to inflationary effects on the demand for its products. However, despite the weak share performance, Cramer has remained upbeat about On Holding AG (NYSE:ONON) as he believes that the firm has the potential to rise from any major setback. Here are his recent thoughts about the firm:

“One of my favorite companies is On Holding. Now it has been stuck in a holding pattern. They reported very good numbers today, the stock was initially up seven, now it’s down. There’s a substantial short position, the shorts have been winning in this battle. I think Roger Federer in the end wins. But it is a very contested group.”

Here are Cramer’s previous thoughts about On Holding AG (NYSE:ONON):

“You know, let me tell you something, the reason why I like the stock is that they have adjusted every time that there’s been a problem. Roger Federer and his team have adjusted, and I think that if there’s really something that’s lasting and negative, they will fix it, which is one of the reasons why I do like On. I am concerned that Nike may be making a comeback and take business from On, but I think On is a decent buy here.”

While we acknowledge the potential of ONON 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.