Jim Cramer says one of these golf stocks could be a buy, the other is a long shot

Jim Cramer says one of these golf stocks could be a buy, the other is a long shot


CNBC’s Jim Cramer on Thursday said investors should consider buying shares of Acushnet and tee-up for Callaway long-term.

“Pure-play golf stocks have been obliterated here, and if you want to be opportunistic, especially in light of the [Masters Tournament], I like Acushnet more than Callaway, at least through the remainder of 2022,” the “Mad Money” host said.

Many people turned to golf during the pandemic as a way to stay active but socially distanced, leading golf brands to see surges in sales in 2020. 

Since then, “Callaway’s come down more than 40% from its highs last summer. Acushnet is off 30% from its peak last November,” Cramer said, though he maintained that he does not view the stocks as pandemic plays.

Callaway stock decreased 0.98% on Thursday to $22.19, below its 52-week high of $37.75. Shares of Acushnet, which houses FootJoy and Titleist, dropped 0.39% on Thursday to $40.74, below its 52-week high of $57.87.

Cramer added that because Acushnet managed to deliver “tremendous sales and earnings growth last year,” despite dealing with supply chain problems, he believes the stock is currently undervalued. “Acushnet is selling for only 15 times this year’s earnings estimates. I like that. It makes it as cheap as it’s been at any point in the last two years. In short, I think this is a great moment to take a swing at Acushnet,” Cramer said.

As for Callaway, Cramer said while the stock is down, he’s hesitant to advise investors to buy the stock in the current market because of its merger with sports entertainment company Topgolf in 2021.

“Callaway has become less of a tangible business and more of a conceptual one. … The conceptual stocks all went out of style last November,” Cramer said. “And it’s hard to say that this one’s cheap even after such a vicious decline,” he added.

“Longer-term, I think Callaway’s got a pretty good growth story. That said, it’s probably not the right fit for this market,” he said.

Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

Disclaimer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer Twitter – Facebook – Instagram

Questions, comments, suggestions for the “Mad Money” website? [email protected]





Source

Gold prices keep rising, and jewelry companies are sounding the alarm
Business

Gold prices keep rising, and jewelry companies are sounding the alarm

Gold prices held steady on Thursday, hovering near the record high hit the day before, helped by expectations of further U.S. rate cuts and political uncertainty. David Gray | Afp | Getty Images Amid global economic turbulence, the prices of precious metals have been climbing higher and higher. The price of gold in particular has […]

Read More
Startups are staying private longer thanks to alternative capital
Business

Startups are staying private longer thanks to alternative capital

Klarna Group Plc signage during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Michael Nagle | Bloomberg | Getty Images A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from […]

Read More
Investors are making up the highest share of homebuyers in 5 years
Business

Investors are making up the highest share of homebuyers in 5 years

A sold sign is posted in front of a home for sale on Aug. 27, 2025 in San Francisco, California. Justin Sullivan | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals […]

Read More