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We recently published a list of Jim Cramer Believes Trump Hasn’t Ordered A Market Crash & Discusses These 10 Stocks. In this article, we are going to take a look at where Dollar Tree, Inc. (NASDAQ:DLTR) stands against other stocks that Jim Cramer recently discussed.
In his appearance on CNBC’s Squawk on the Street on Friday, Jim Cramer struggled to understand President Trump’s game plan. The President’s decision to announce tariffs on countries that have a trade surplus with the US roiled the stock market and made Cramer speculate whether the coming Monday would resemble 1987’s infamous Black Monday crash. He commented:
“I do think that what’s happened Carl, is that I struggle for why, for what the President’s game plan is. Because if you wanted to make the market, uh, crash, I think you would go with his game plan. I don’t like that, I do not favor that, that’s a they know nothing game plan, and it’s very disappointing. Because I’m a savvy person, business person, surrounded by business people, it should not be in our country’s interest to have the market crash.”
Naturally, criticizing the government is controversial and so is speculating about a possible incoming historic market crash. However, Cramer remained defiant and shared with viewers how he withstood the 1987 crash:
“Now if I am blamed for what I said, you know what, I don’t play for dinner! I am finally at the darn age where I’m allowed to say that if I mean it. Now I said it a couple of other times and I was right! In every occasion. I was in cash for 1987. In cash. That was not stupid. I was in cash for the crash. I obviously said in 2007 that they knew nothing. That was a good call. I don’t want this to be that call. There’s plenty of opportunity for the President to say, you know I’ve been thinking. We’ll do the TikTok deal. We’ll avoid this.”
While he didn’t shun buying stocks, Cramer urged viewers to be careful. “I can’t think of a single reason to buy a stock,” he said. Now I’m on hold, I mean we’ve sold enough stuff for our charitable trust. But I can’t bottom fish! I don’t want to sleep with the fishes!” he added.
In his Thursday show, Cramer outlined that stocks were readjusting to lower multiples stemming from tariff-induced higher costs of business. When asked if he was more bearish than his earlier prediction of prices falling for a multiple adjustment, he remarked:
“I think that, I find it impossible to believe that the President would actually order a crash. . . .We have a lot of people who have money in the stock market. It’s the bedrock of a lot of 401(k) and IRA. And I think that should play a role too. And I am much more of a hard-line tariff person than the President. . .I hate free trade. I am so much harder line than Navarro! And Trump!”