We recently published Jim Cramer Said AI Is A “Souped-Up Google” As He Discussed These 11 Stocks. Canada Goose Holdings Inc. (NYSE:GOOS) is one of the stocks Jim Cramer recently discussed.
Canada Goose Holdings Inc. (NYSE:GOOS) is a Canadian high-end apparel retailer. Its shares have gained 33.7% year-to-date on the back of two major moves. The first of these was in May, and it sent the stock soaring by a whopping 41%. The catalyst for the share price gain was Canada Goose Holdings Inc. (NYSE:GOOS)’s fiscal fourth quarter earnings, which beat analyst revenue and EPS estimates. The firm’s shares then soared by 16% in August after CNBC reported that private equity firm Brain Capital had been approached for taking the firm private. Here is what Cramer said about the development:
“Look, Goose is Bain may be back. If you remember, Bain had 70% when it came public.”
Photo by Erik Mclean on Unsplash
The CNBC TV host had discussed Canada Goose Holdings Inc. (NYSE:GOOS) in May. Here is what he said:
“That’s good. They’ve been, terrific. Dani Reiss’s a terrific guy. That’s been a very tough one to won.”
While we acknowledge the potential of GOOS 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.
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Disclosure: None. This article is originally published at Insider Monkey.