Jim Cramer bullish on retail stocks Ralph Lauren and Gap amid market correction

From Yahoo Finance: 2025-05-14 13:30:00

Stock market veteran Jim Cramer sees a recession as an opportunity to buy undervalued stocks like Ralph Lauren and Gap. Despite potential trade war impact, Cramer believes tariffs’ effect on consumer activity will be temporary and retail sector stocks will rebound. Gap’s strong earnings and Ralph Lauren’s upscale image make them attractive picks for the rebound.

Cramer acknowledges uncertainty on when the rebound will start but remains bullish on both stocks. Gap’s minimal exposure to tariffs and strong earnings, along with Ralph Lauren’s high-end brand appeal, position them well for a retail sector rebound. Both companies offer dividends to shareholders while waiting for the turnaround. 1. The stock market reached record highs today, with the Dow Jones Industrial Average closing at 35,000 points. This milestone comes as a result of strong corporate earnings and positive economic data.

2. Tropical Storm Elsa is expected to make landfall along the Gulf Coast, bringing heavy rainfall and strong winds to the region. Residents are urged to take precautions and stay updated on the storm’s progress.

3. A new study has found that the Pfizer-BioNTech vaccine is highly effective in preventing COVID-19 infection in adolescents aged 12 to 18. The vaccine was found to have an efficacy rate of 95% in this age group.

4. In a landmark decision, the Supreme Court ruled in favor of upholding affirmative action in college admissions. The ruling allows universities to continue considering race as a factor in admissions decisions to promote diversity on campus.

5. The Tokyo Olympics will proceed without spectators due to a rise in COVID-19 cases in Japan. This decision comes as a disappointment to many fans and athletes, but organizers prioritize the safety and health of participants and the public.

Read more: Jim Cramer Says These Retail Stocks RL, GAP Can Survive A Market Correction