In this article, we will look at Iran Conflict Rattles Stocks — Jim Cramer’s Game Plan and 5 Stock Calls. Please visit Iran Conflict Rattles Stocks — Jim Cramer’s Game Plan and 9 Stock Calls, if you’d like to see the extended list and methodology behind it.
5. Conagra Brands, Inc. (NYSE:CAG)
Conagra Brands, Inc. (NYSE:CAG) was among the stocks Jim Cramer highlighted in his latest game plan as the oil-shock-driven sell-off continues. Cramer was bearish on the stock, as he said:
Wednesday brings another report from another food stock that is hurting and that is Conagra. Now, here’s the stock that typifies what’s been happening to the whole group, an endless multiple shrinkage where the market pays less and less for pretty much the same boring earnings. Conagra yields 9%. That is historically an unsustainable level. The company has stood by the dividend and talks positively about its frozen foods and its protein specialties. But the stock says the portfolio, as much as it’s curated by the company, is simply not delivering what the market wants. And that’s how you have to view it. It’s not personal.
Conagra Brands, Inc. (NYSE:CAG) makes packaged foods, including pantry staples, frozen meals, and snacks. Some of its well-known brands include Marie Callender’s, Slim Jim, Birds Eye, and BOOMCHICKAPOP. The stock was part of our best undervalued defensive stock picks for 2026. You can read about it here.
4. Acuity Inc. (NYSE:AYI)
Acuity Inc. (NYSE:AYI) was among the stocks Jim Cramer highlighted in his latest game plan as the oil-shock-driven sell-off continues. Cramer noted the company’s valuation following its stock price decline this year. He commented:
So much of what’s related to housing and construction is slowing down rather quickly. Take the only sizable company that reports on Thursday, Acuity Brands. This is a very important commercial lighting company. Look, you have to light a business, and it is really the best in show, what it does. $8 billion company whose shares now trade, this used to be a premium multiple stock, at less than 14 times earnings, down over 25% for the year. This is a consistent grower. That price-to-earnings multiple suggests that there’s very little hope for acceleration in construction, and construction truly matters. A lot of people are involved in that industry. Bad tell.
Acuity Inc. (NYSE:AYI) provides lighting solutions, building management systems, and specialized audio-visual control platforms.
3. NIKE, Inc. (NYSE:NKE)
NIKE, Inc. (NYSE:NKE) was among the stocks Jim Cramer highlighted in his latest game plan as the oil-shock-driven sell-off continues. Cramer called it the “most controversial stock of the week,” as he remarked:
Tuesday is a day of challenged companies… After the close, we have the most controversial stock of the week, Nike. Now, we own this stock for the Charitable Trust, and we’re nervous, and that’s exactly what I said in today’s monthly CNBC investing call. There’s no line of sight for Nike to return to greatness, at least not yet. China has proven to be intractable. The competition’s become fevered, and the inventory from the old regime somehow still seems to be dogging the company. It needs to be gotten rid of. If there’s still some left, I will be very disappointed. Meanwhile, we need to see some, we gotta see some innovation here, some new products that we’re stunned by, that we can’t live without almost instantly. We need some green shoots of return in the U.S. that are at least strong enough to make us feel like we’re dealing with the Nike of old, back when the stock was a winner. Now it’s a loser, and it’s hurting my Charitable Trust. Enough said.
NIKE, Inc. (NYSE:NKE) is an athletic and casual footwear, apparel, equipment, and accessories company that sells its products under brands, including Nike, Jordan, and Converse.
2. McCormick & Company, Incorporated (NYSE:MKC)
McCormick & Company, Incorporated (NYSE:MKC) was among the stocks Jim Cramer highlighted in his latest game plan as the oil-shock-driven sell-off continues. Cramer highlighted that he was in favor of the company’s potential merger, as he said:
Tuesday is a day of challenged companies. First, McCormick reports, and this spice stock has become very tough to own. The flavor company, as they call themselves, is said to be in talks to merge with Unilever’s food business, which includes Hellmann’s mayo, Colman’s mustard, and Knorr soups. If they do the deal, the combined company will own some big chunks of multiple supermarket aisles. But the food stocks have been quite simply awful, including McCormick, with a stock that’s down 22% for the year. There’s only one way out of this jam, though. They’ve got to merge and cut costs. I think that we’ll like a new McCormick, if they do merge, which can then slot their brands through its own delivery methods and save fortunes. I love the combo. I hope it works out. I hope they announce it.
McCormick & Company, Incorporated (NYSE:MKC) produces and sells spices, seasonings, condiments, and flavor products for consumers and food manufacturers.
1. NVIDIA Corporation (NASDAQ:NVDA)
NVIDIA Corporation (NASDAQ:NVDA) was among the stocks Jim Cramer highlighted, along with his latest game plan as the oil-shock-driven sell-off continues. Cramer called it the “once-loved, now-disliked” stock, as he commented:
Hey, oil’s down, stocks will be down, and they are. And it was another week when it paid to get out of anything in tech that used to be good. The stocks, the companies are still good, but not the stocks. They’re all bad now, including the once-loved, now-disliked NVIDIA… I’m owning it. I’m not trading it, but I know it’s going lower. I mean, look, people want… they want oil stocks. They don’t mind the soda stocks, any pharma stock, and I gotta tell you, they like the oil drillers. I mean, that’s really it. Tech, nothing, especially NVIDIA, especially the really despised Microsoft. These are two of the greatest performers of all time, and they haven’t been able to what we call catch a bid in what feels like ages. Until oil and interest rates, don’t forget those, stop going higher, it really doesn’t matter what those companies say or do. They are not going to get love from institutions and individuals, and I think they’re beginning to realize that.
NVIDIA Corporation (NASDAQ:NVDA) develops accelerated computing and AI platforms, GPUs for gaming and professional use, cloud services, robotics and embedded systems, and automotive technologies.
While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 15 Stocks That Will Make You Rich in 10 Years.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
