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We recently published a list of Jim Cramer Was Talking About These 10 Stocks Amid Tariff Chaos. In this article, we are going to take a look at where Abercrombie & Fitch Co (NYSE:ANF) stands against other stocks that Jim Cramer was talking about amid tariff chaos.
Jim Cramer in a latest program on CNBC talked about the market rebound on Friday, and said that there’s still uncertainty ahead as consumers remain worried about the impact of tariffs.
“Right now people are scared. We saw a shocking decline in the University of Michigan consumer sentiment survey this morning. People fear inflation and worry about their savings, which happens to be, in many cases, the stock market. They don’t know what tariffs mean and they haven’t had them explained to them in any satisfactory way, so they figure the tariffs are yet another thing that raises prices in the supermarket — and that’s probably true.
Cramer predicted that retail sales numbers next week will be “dismal” as consumers are worried about losing their jobs and are cutting back on spending.
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 recently talked about during his programs on CNBC. With each stock 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).
Abercrombie & Fitch Co (NYSE:ANF)
Number of Hedge Funds Investors: 51
Jim Cramer in a latest program on CNBC talked about Abercrombie & Fitch Co (NYSE:ANF) earnings results and said the stock is “despised” despite strong performance due to the uncertainties related to tariffs and overall market weakness.
“Abercrombie & Fitch, which by the way is a very, very good company, reports a quarter that looks okay. If you read everything, you say okay, they’re a little worried about what’s going to happen with tariffs, and people just take it out and shoot it. Now, one of these, like Best Buy yesterday, has 60% China and 20% Mexico, so I totally get that. But this is a good company that was on a huge winning streak and now is just so despised. When you mentioned to me what could happen down the road after the president’s done with this part of the agenda, you’ll look at this and say, how did that get there? But right now, you just can’t look at it. You just say, I can’t buy Abercrombie & Fitch Co (NYSE:ANF). And it’s rather amazing, ’cause boy, they were on a hot streak.”