In this article, we will look at Jim Cramer’s latest stock calls and his coverage of upcoming economic data. On Thursday, the host of Mad Money discussed what investors should keep an eye on in the coming week and pointed to tensions in the Middle East, various earnings reports, and several important economic reports.
Now, Monday, I expect we’re going to be digesting this weekend’s war damage in Iran and everywhere else, especially our allies in the Gulf. We keep expecting that there’ll be a moment when the Iranians have no more missiles and no more drones… Frankly, sometimes it seems like that Iran seems as strong as it was when the war started. Even if you cut off the head of the snake, it seems to mean nothing. That’s why this weekend could be so important… Thursday brings the core PCE deflator, which has been the preferred index of inflation for Jay Powell’s Federal Reserve… Then on Friday, which is kind of a one-two punch on inflation here, we get the consumer price index.
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Cramer questioned whether either report will fully account for rising prices tied to the oil shock stemming from the Iran conflict, and said that the impact could be meaningful. He also highlighted a recent market pattern tied to the conflict, and noted that since the war began, the final trading day of each week has produced an average decline of 1.28%. He mentioned that the pattern was broken in the latest session. He suggested the market could have seen a steeper drop if not for optimism that a positive development might emerge. He noted that even talk that a Gulf nation could be nearing some form of agreement was enough to halt selling pressure, despite a sharp move higher in oil prices.
So here’s the bottom line: In a world where investors want the war to end quickly, it was surprising to see any sort of rally before the weekend. With oil spiking, the fog of war seems foggier than ever, except this session. It ended a little clearer and more positive than we ever thought after the president’s bellicose speech last night. It was a very… difficult to fathom day, mostly because higher oil prices and lower stock prices were axiomatic until this truly amazing session.
Our Methodology
For this article, we compiled a list of 14 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 2. We listed the stocks in the order that Cramer mentioned them.
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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Jim Cramer’s 14 Stock Calls, Including Exxon, Lockheed and Upcoming CPI Data
14. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)
Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is among Jim Cramer’s latest stock calls as he covered Exxon, Lockheed, and others. Toward the end of the lightning round, answering a caller’s question about the stock, Cramer remarked:
This stock has had quite a run. It’s a parabolic move. I wish I could have recommended it earlier. I can’t recommend a parabolic move. It’s just too straight up. We have to wait for a pullback.
Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) focuses on the exploration, production, and refining of crude oil, natural gas, and renewable energy sources. In addition, the company manages the logistics and trading of electricity, biofuels, and various oil products.
13. Oklo Inc. (NYSE:OKLO)
Oklo Inc. (NYSE:OKLO) is among Jim Cramer’s latest stock calls as he covered Exxon, Lockheed, and others. When a caller asked about the stock, Cramer said:
You see, I think Oklo, while not a science project, not a science project, has very little prospects for making any money any time in the future that we think is important for a stock.
Oklo Inc. (NYSE:OKLO) designs advanced fission power plants to deliver scalable clean energy and develops nuclear fuel recycling technology that transforms waste into usable reactor fuel. During the January 23 episode, a caller asked whether the company’s stock was a buy, sell, or hold, and Cramer responded:
Okay, Oklo, I’ve been saying sell it… It’s been knocked down pretty bad. I think it, there’s always these yahoos who want to come in, it’s up 22% for the year, who say, well, listen, it’s going to be the next greatest thing ever, and their technology’s unbelievable. This is nuclear power, and when we talk about nuclear power, you’re right. GE Vernova knows how to build a plant. Everybody else is just trying to learn and is not commercial. Oklo is not a commercial enterprise. Period.
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