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We recently published a list of Jim Cramer’s Latest Lightning Round: 7 Stocks in Focus. In this article, we are going to take a look at where NANO Nuclear Energy (NASDAQ:NNE) stands against other stocks that Jim Cramer discusses in latest lightning round.
On Thursday, Jim Cramer, the host of Mad Money, pointed out that the ongoing fears surrounding President Donald Trump’s aggressive tariff policies continued to impact the market. The concerns, coupled with uncertainty regarding the implementation of these tariffs, contributed to significant market declines that day. He highlighted that the Dow dropped by 537 points, the S&P 500 fell by 1.39%, and the Nasdaq tumbled by 1.96%. Cramer stated:
“It can all be traced to a gratuitous message on his social media platform that said that April 2nd, tariffs are going to go on, not that anyone thought they wouldn’t.”
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Cramer pointed out that if one did not know better, it might seem as though the president purposely wanted to derail a recovering market. He added that the administration’s actions felt like a reminder of the way Walmart runs its business, always striving to lower prices for consumers, but in this case, the prices being slashed are in retirement accounts like 401(k)s and IRAs. Cramer further explained:
“What I think President Trump doesn’t understand right now is just how easy it is to send this market down.”
Cramer noted that the market has become extraordinarily sensitive to trade issues, and there is often something that goes wrong whenever new actions are announced, especially when they are driven by the president’s frustration.
Cramer also raised concerns about the unpredictability of the president’s decisions, which are often influenced by anger and frustration. He expressed confusion over why Trump makes these moves, suggesting that some believe the president actually prefers quick, dramatic downturns in the market, rather than a slower, more controlled descent. He added:
“But the quick and noisy retribution to the action of our thoughtless trade associates takes us by surprise and the uncertainty is crushing us.”
One example Cramer highlighted was Trump’s sudden announcement of a 200% tariff on French wine, champagne, and other alcoholic products coming from Europe. The president posted the statement in all caps, emphasizing its importance. Cramer pointed out that while such a move might benefit certain producers like those in Napa, it would likely cause a significant price increase on beverages like champagne, which would see their prices triple on store shelves. He questioned whether the White House fully understood the consequences of such decisions and said that he did not know.