"I am Impressed," Says Jim Cramer About Ralph Lauren (RL)

We recently published Jim Cramer Discussed These 25 Stocks In An Important Show About AI Spending. Ralph Lauren Corporation (NYSE:RL) is one of the stocks Jim Cramer recently discussed.

Luxury apparel and products firm Ralph Lauren Corporation (NYSE:RL) factored into the discussion as Cramer discussed the retail industry and consumer spending. He mentioned the firm after co-host Carl Quintanilla mentioned Tapestry’s latest earnings report that saw the firm’s shares fall despite a revenue and earnings beat. Along with Tapestry, Ralph Lauren Corporation (NYSE:RL) also reported its earnings. The firm’s second-quarter results saw it raise its full-year revenue guidance growth to a 6% midpoint and beat analyst revenue and EPS estimates. Cramer mentioned Ralph Lauren Corporation (NYSE:RL) as he pointed out that the firm was attracting consumer spending, particularly from rich consumers:

“[Tapestry] Didn’t blow it out. Didn’t blow it out. But I’ll tell you where they’re spending. Do you know that Ralph Lauren has a 300,000 dollar watch? I’d give my right arm for that, which is probably what happens when you buy it. 300,000 dollar watch. This is Patrice Louvet, and his numbers are up. And I am impressed.”

While we acknowledge the potential of RL 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.