On Thursday, Mad Money host Jim Cramer cautioned viewers about what may lie ahead once the 90-day pause on new tariffs comes to an end. While discussing the latest Consumer Price Index report, Cramer acknowledged that the numbers looked favorable, with inflation appearing relatively tame and even some categories experiencing actual price declines. He pointed to energy prices, saying, “The best, anything it touched energy, which is plummeting.”
READ ALSO: Jim Cramer Discussed These 12 Stocks and 10 Stocks on Jim Cramer’s Radar Recently.
“This is essentially an embargo. President Trump’s ecstatic that the tariffs are already taking in $2 billion a day. He’s thrilled that supposedly 75 countries are begging for something more reasonable than the 90-day pause when the 90-day pause comes to an end.”
According to Cramer, President Trump is “ecstatic” that these tariffs are already generating $2 billion a day in revenue and is thrilled about 75 countries “supposedly” asking for something more workable once the 90-day grace period concludes. Despite the seemingly positive revenue flow, Cramer expressed concern over the broader consequences. He pointed out that many Americans have yet to grasp the full impact of trade policies that have allowed foreign businesses to flood U.S. markets with inexpensive products, often pricing out domestic companies.
While many consumers embraced the lower costs, Cramer reminded his audience that it came at the expense of American jobs. “Now we’re going to have to pay a price. He stressed that consumers should be prepared to pay significantly more for a wide range of goods. He said that the additional cost largely will likely benefit foreign companies, which will hike prices in response to the tariffs imposed on them. He clarified his position by stating he is not a staunch advocate of free trade for its own sake. “No other country plays by the rules on trade, so we shouldn’t either,” he said but cautioned:
“We just have to be more thoughtful about this or we’ll end up doing more harm than good. Again, as someone who wants fair trade, not free trade, I am rooting for the president to pull this off, but not at the expense of great American companies that have done nothing wrong and are the best in the world.”
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 April 10. 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.
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).
10 Stocks on Jim Cramer’s Radar
10. RadNet, Inc. (NASDAQ:RDNT)
Number of Hedge Fund Holders: 29
A caller asked how Cramer felt about RadNet, Inc. (NASDAQ:RDNT) presently. In response, he commented:
“Well, okay, so RadNet is being hurt because when interest rates go up and people are thinking rates are going up now, unbelievably, it’s a high multiple stock and those do not work in this environment. So I’m going to have to say let’s take a pass on a company that was doing quite well, who it is still doing well, but the stock is not going to do well. So I say no to RadNet, I’m sorry.”
RadNet (NASDAQ:RDNT) delivers outpatient diagnostic imaging services and creates advanced imaging tools. Its work includes AI technology designed to improve radiology readings and assist in cancer detection. ClearBridge Investments stated the following regarding the company in its Q4 2024 investor letter:
“We added a new position in RadNet, Inc. (NASDAQ:RDNT), in the health care sector, which owns and operates freestanding diagnostic imaging centers. The imaging market is seeing secular growth from a shift in the site of care from the more expensive inpatient setting to freestanding centers like RadNet, which has both an attractive organic share opportunity and new construction and acquisition-based geographic expansion potential. AI applications also offer RadNet both an additional revenue stream and cost savings potential.”
9. Enterprise Products Partners L.P. (NYSE:EPD)
Number of Hedge Fund Holders: 29
A caller asked if Enterprise Products Partners L.P. (NYSE:EPD) was a stock to own in this environment. Here’s what Cramer had to say:
“Okay, now, people are selling this thing because they have a lot of ethane business. They have a lot of certain natural gas liquids that are really stalled right here. I say don’t worry about it. This is actually a fantastic chance to buy.”
Enterprise Products Partners (NYSE:EPD) delivers midstream energy services that include moving, storing, and processing natural gas, crude oil, NGLs, petrochemicals, and refined fuels. Cramer has not changed his bullish stance as evidenced by the comment he made on March 7:
“I think you have to have an energy stock in your portfolio. You have to. The best ones may be the . . Enterprise Partners is doing very well, EPD. I don’t know. There’s a lot of ways to make money down there.”
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