Yeti is an investable stock for these three reasons, Jim Cramer says

Yeti is an investable stock for these three reasons, Jim Cramer says


Investors should consider investing in Yeti Holdings now that the stock is much more affordable than it usually is, CNBC’s Jim Cramer said Tuesday.

“When the market finds its footing after a brutal decline … you want to look for potential opportunities in previously expensive stocks that have suddenly become a lot cheaper,” the “Mad Money” host said. “That’s Yeti Holdings.”

Yeti stock rose 7.37% on Tuesday to $61.30, still below its 52-week high of $108.82.

Here are three more reasons Cramer believers investors should consider buying shares of Yeti:

  • Yeti is a strong brand that can get away with raising prices. “They put through some modest price increases earlier this year and some analysts argue that they’ve got more room to raise pricing if cost inflation continues to be a problem,” Cramer said.
  • It’s camping season, which means good business for Yeti. “The stock tends to experience a seasonal rally in the second and third quarters as people emerge from hibernation and start doing things outdoors,” he said.
  • Yeti stock is currently cheap. “The last time Yeti was this cheap? April of 2020, before it embarked on an epic eighteen-month rally,” Cramer said.

Cramer also said that the outdoor products manufacturer fits his mantra of companies that make real earnings, products and value for shareholders.

When we go dumpster diving to find some rare winners for you, we want broken stocks of intact companies, not broken stocks of broken companies. In other words, the underlying business needs to be sound. … Yeti is perfectly sound,” 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

Here are the retailers raising prices as Trump tariffs take hold
Business

Here are the retailers raising prices as Trump tariffs take hold

A person picks out clothing in a store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, U.S. November 24, 2023.  Vincent Alban | Reuters Consumers who hoped tariffs would not […]

Read More
This is why Jamie Dimon is so gloomy on the economy
Business

This is why Jamie Dimon is so gloomy on the economy

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The more Jamie Dimon worries, the better his bank seems to do. As JPMorgan […]

Read More
Summer rentals in the Hamptons are down 30%
Business

Summer rentals in the Hamptons are down 30%

Key Points Summer rentals in the Hamptons are down 30% from the same period in previous years, according to Judi Desiderio of William Raveis Real Estate. Brokers who focus on ultra-high-end rentals are seeing an even bigger drop and say their rental business is down between 50% and 75%. Some renters may be holding out […]

Read More