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We recently published a list of 10 Jim Cramer Stocks to Watch This Month. In this article, we are going to take a look at where e.l.f. Beauty, Inc. (NYSE:ELF) stands against other stocks that Jim Cramer discusses.
Jim Cramer recently talked about the market selloff and how years of profits are lost within days when panic hits the market:
“They wipe out these gains pretty easily, don’t they? Just like that, the sellers take away months, if not years, of profits because they want to get ahead of a potential recession. And then they swap into the safety stocks that thrive in a slowdown. Welcome to the world of recession preparation, where it doesn’t matter what prices you get on the sales or the buys as long as they get done.”
Cramer said that while he agrees with the broader tariff policies of President Trump, he does not like the “way” he’s implementing them.
“I don’t think that Trump will start going easier on our trading partners just because the Dow’s been eviscerated. He’s not sacrificing our trade policy on a cross of gold — meaning, of course, higher stock prices. Of course, not many investors saw this coming, and that’s incredible to me. And the shock from Trump’s change in attitude has terrified the moneymen — the big moneymen,” Cramer added.
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In
For this article, we picked 10 stocks Jim Cramer discussed during his programs on CNBC. With each company we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
e.l.f. Beauty, Inc. (NYSE:ELF)
Number of Hedge Funds Investors: 40
Jim Cramer in a latest program on CNBC urged investors not to sell e.l.f. Beauty, Inc. (NYSE:ELF) despite declines.
“Oh my, I got to tell you, down 40%, everyone’s decided that it doesn’t work anymore, it’s got tars, blah blah blah. I am not going to sell tangam down 40%. I am going to buy, but I am not going to sell it. That’s crazy. People hate it. Let’s just wait, wait—don’t bite, not yet.”
Artisan Small Cap Fund stated the following regarding e.l.f. Beauty, Inc. (NYSE:ELF) in its Q3 2024 investor letter:
“Among our top detractors were iRhythm, e.l.f. Beauty, Inc. (NYSE:ELF) and Lattice Semiconductor. E.l.f. Beauty is a cosmetics company that employs a low-price strategy, a sizeable social media presence and rapid speed to market. Its core business aims to replicate existing prestige products at a lower price and recognize new and emerging trends. Its share of the US cosmetics market is around 10%. We expected it would gain more market share in the US and leverage social media to expand into new markets, such as Western Europe, India and Latin America. However, we decided to exit the position due to evidence of decelerating growth. The company and the broader category are experiencing macro-related headwinds and elevated inventory levels at distribution partners. We continue to believe in the long-term outlook and will keep it on our watchlist.”