In This Article:
We recently published a list of Jim Cramer Put These 10 Stocks Under the Spotlight. 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.
On Friday, Jim Cramer, host of Mad Money, discussed how recently, the market’s movements are largely influenced by the White House, with the Federal Reserve playing a somewhat smaller role. He pointed out that this places investors in a tough spot, especially since the Fed can only adjust interest rates, but the White House can have a much more immediate impact through its posts and announcements. Cramer humorously noted that for one day, the market was free from presidential posts, and it seemed to thrive.
“I want to remind you that at any moment, the president can wreak havoc on anything, I have to say with a gratuitous post, reminding people that there’s more pain ahead.”
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Cramer emphasized that he has been critical of what he sees as unnecessary and provocative posts from the president. He noted that these remarks often add to the sense of unease among investors, especially when they hint at more economic pain ahead.
While many are aware of the ongoing trade war, Cramer emphasized that it does not help to repeatedly be reminded of the looming challenges. Right now, he said, people are feeling particularly anxious. He pointed to the alarming drop in the University of Michigan’s consumer sentiment survey and highlighted:
“People fear inflation and worry about their savings, which happens to be in many cases, the stock market.”
According to Cramer, many people do not fully understand the implications of tariffs, and since they haven’t been adequately explained, they simply assume tariffs will lead to higher prices at the grocery store, which, unfortunately, is likely true.
Cramer acknowledged that the president and his team have deliberately chosen not to focus on the stock market, likely because they do not want it to become a direct reflection of their performance. While he agrees with this approach, Cramer believes it is still important to recognize that the market is ultimately a gauge of public sentiment.
“Think of the market as a gauge of hope versus despair. The results lately demonstrate despair even if today we finally got a solid session. The cause and effect are so palpable that you don’t need me to tell you how these gains came about.”
Our Methodology
For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 14. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.