Jim Cramer Wants You To Keep An Eye On 'World's Fastest Growing' Sneaker Brand Backed By Roger Federer
Portfolio Pulse from Aveek Bhowmik
CNBC Mad Money host Jim Cramer praised On Holding AG (NYSE:ONON), calling it the 'fastest growing sneaker company in the world.' The Swiss sneaker maker, backed by tennis legend Roger Federer, recently reported a 78% sales growth in Q1, exceeding consensus estimates. Cramer also recommended energy drink maker Celsius Holdings Inc. (NASDAQ:CELH) and coffee chain Dutch Bros Inc. (NYSE:BROS) as top picks for young investors.
May 19, 2023 | 11:25 am
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Jim Cramer recommended coffee chain Dutch Bros Inc. as a top pick for young investors, calling it 'My kind of elixir.'
Cramer's recommendation could attract more investors to Dutch Bros Inc., driving the stock price up in the short term. His endorsement suggests confidence in the company's growth potential.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer recommended Celsius Holdings Inc. as a top pick for young investors, stating that the energy drink maker 'could be the next Monster Beverage.'
Cramer's recommendation could attract more investors to Celsius Holdings Inc., driving the stock price up in the short term. The comparison to Monster Beverage suggests high growth potential.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
On Holding AG, backed by Roger Federer, reported a 78% sales growth in Q1, exceeding estimates. Jim Cramer praised the company as the 'fastest growing sneaker company in the world.'
Jim Cramer's praise and the impressive Q1 sales growth are likely to boost investor confidence in On Holding AG. The company's strong performance and Federer's endorsement could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100