Abercrombie & Fitch Co. (NYSE:ANF) is one of the stocks on Jim Cramer’s game plan for the week. Cramer did not show much enthusiasm around the company’s upcoming report, as he said:
“Plenty of apparel on Tuesday. Abercrombie & Fitch reports in the AM. That’s a total crapshoot. It’s not for the squeamish. Call me squeamish.”
Photo by Adam Nowakowski on Unsplash
Abercrombie & Fitch Co. (NYSE:ANF) provides apparel, accessories, and personal care items for men, women, and kids. During the April 29 episode, a caller inquired about the stock, and Cramer responded:
“You know what, I’ve got to see what they look like in a tariffed world… because I don’t know exactly how much of their stuff is going to have to go up in price. The stock is reflecting a lot of that, but you’re right, it’s six times earnings. But you and I both know six times earnings means usually that the earnings are too high. But it’s 65 bucks, $3.3 billion company. I think you can pick up a little, but then wait.”
While we acknowledge the potential of ANF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, 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.
