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We recently published a list of Jim Cramer Put These 16 Stocks Under a Microscope. In this article, we are going to take a look at where Oracle Corporation (NYSE:ORCL) stands against other stocks that Jim Cramer put under a microscope.
On Thursday, Jim Cramer, the host of Mad Money, shared his thoughts on the president’s recent stance against the “false free trade era,” expressing his agreement with the shift away from free trade.
“Yes, I’m not a big fan of free trade. Yes, I feel that our country has been abused by our so-called trading partners, especially when it comes to cars. And yes, I favor the 25% tariff on automobile imports. Close watchers of the show know that this is not a new view for me. I’ve seen China devastate entire industries in this country.”
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Cramer said that America made a “deal with the devil” in the 1990s by allowing the influx of cheap goods from overseas. He noted that while there is nothing inherently wrong with affordable products, the trade-off has been the decimation of American industries and the devastation of factory towns across the country.
Cramer observed that the loss of manufacturing jobs has been a major concern. He noted that while the decision to import cheap goods may have seemed like a good deal at the time, in retrospect, it has led to significant societal and economic damage. He added:
“Now the president has declared that false free trade era is over, and I’m on board with this even as I wish he could lay out a clear plan rather than rolling out the tariffs one by one.”
He emphasized that if America wanted to bring back manufacturing jobs, sacrifices would be required, including the imposition of tariffs. The most important point for Cramer was the acknowledgment that these jobs, along with the many ancillary positions tied to them, had been lost, but there might be a chance for some of them to return.
“Factory jobs may not be as important these days as every other kind of job, frankly but when we look around our country at all these gutted small towns that have led to such despair, such drug use, such homelessness, the bargain for cheap goods, I think it’s a mistake. I’m glad the White House is finally going full speed in the opposite direction. It’s about time.”
Our Methodology
For this article, we compiled a list of 16 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 27. 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.