Are you looking for promising growth stocks to add to your portfolio? CNBC’s Jim Cramer recently highlighted two footwear stocks that he believes are on the path to success: On Holding and Deckers Outdoor.
Despite challenges in the athletic apparel space, Cramer sees potential in these brands, particularly On Holding and Deckers Outdoor, which owns popular footwear brands like Hoka, Uggs, and Tevas. While industry giants like Nike and Lululemon have faced declines, On Holding and Deckers Outdoor have shown strong performance.
On Holding recently reported a solid quarter, driving share prices up. Cramer praised the company’s growth in the direct-to-consumer channel and its ability to capitalize on online and in-store sales. Deckers Outdoor, on the other hand, has seen its stock surge over the past five years, with a growing presence in international markets.
While Cramer acknowledges that these stocks may be expensive, he believes that the potential for outsized growth justifies the valuation. With a market that values growth, these companies have the potential to deliver strong returns for investors.
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