In this article, we will look at Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. The host of Mad Money said Tuesday’s trading session delivered what he described as “a heck of a lot of bad news.”
All I can tell you is some stocks are no longer in trouble, but many are. How do I know this? Because I speak the language of stocks, and I gotta tell you, I don’t like what I’ve been hearing. The president of the United States shouldn’t like it either… I’m hoping the Pakistanis can pull off this two-week truce. Still, whether it’s the Fed’s GDP forecast or the price of oil, that’s all too big picture for me. That’s why I prefer to make my analysis from the ground up, listening to what the stocks are saying.
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Cramer continued by saying he is picking up “a heck of a lot of bad news” that is being masked by overall market averages. He pointed to a weak consumer environment combined with persistent inflation and noted that it could resemble the stagflation of Jimmy Carter’s era if policymakers are not careful. He added that he hopes tensions ease, but said that if the president were to escalate conflict with Iran in an aggressive way, it could seriously harm both the global economy and the domestic market. He added that the risk is already being communicated through stock activity.
Here’s the bottom line: Much like hips, stocks don’t lie. Of course, the stagflation scenario that looks like it might be coming, it can easily be reversed. At the same time, you can see how things might spin out of control if the voices keep screaming for help in my head. I wish these stocks would just shut the heck up, but that’s not how the conversation works.
Our Methodology
For this article, we compiled a list of 18 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 7. 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 18 Stock Calls and the Impact of Iran War: Apple, Alphabet, and More
18. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. Cramer highlighted the company’s partnership with Anthropic, as he commented:
Oh, and for weeks, I’ve been hearing the drumbeat that CrowdStrike would be destroyed by Anthropic. But today, Anthropic announced a partnership with CrowdStrike as well as Palo Alto Networks and some others called Project Glass Wing to protect Anthropic users. Anthropic needs CrowdStrike. It doesn’t seek to wipe it out. Hence why CrowdStrike rallied 24 points, and I think there’s a lot more ahead there, too.
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) provides cloud-based cybersecurity solutions. The company offers protection for endpoints, cloud systems, identities, and data. Cramer addressed the AI worries around the stock during the March 30 episode, as he stated:
There’s a private company, it’s called Anthropic. They’re developing an AI model with unchecked agent abilities that theoretically could have tremendous cybersecurity powers. Given the strength of Claude, the market believes this new offering from Anthropic will be devastating for the two preeminent cybersecurity stocks, Palo Alto Networks and CrowdStrike, both of which we, fortunately or unfortunately, depending upon the day, own for the Charitable Trust.
For a while, people seemed to be under the impression that with Anthropic’s new agents, we might not need traditional cybersecurity at all. Now, that is just dead wrong. In reality, the rise of AI should be a tailwind. That means good for Palo Alto and CrowdStrike because these same AI agents can be programmed by hackers to take over your network very easily. They are the vulnerability. Without the help of traditional cybersecurity, you’re more vulnerable than ever. George Kurtz, the CEO of CrowdStrike, said as much when he came on the show last Wednesday. I remember listening to him, and he was saying, look, you know, this is really good for us. Now, George has been straight with us all along.
17. Amazon.com, Inc. (NASDAQ:AMZN)
Amazon.com, Inc. (NASDAQ:AMZN) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. Cramer addressed the “negative whispers” around the company, as he said:
Last week, the negative whispers were about Amazon. Get out now, the consumer’s slowing down, going to hurt their main business, Amazon Prime. I said, there’s one thing I know for a fact that the pessimists don’t seem to understand. I know Amazon. They’re tight as a drum. No way anyone can get a read on retail sales from them. No one gets information because they don’t leak. Now, it’s possible that the naysayers just wanted to get on my nerves, but it doesn’t matter. It sounded so good, I had to bear down and find out what could be found out, not much, and then hold on.
Amazon.com, Inc. (NASDAQ:AMZN) sells consumer goods and digital content through online and physical stores, provides advertising and subscription services, operates Amazon Web Services for cloud computing, develops electronic devices, produces media content, and offers programs supporting third-party sellers and content creators.
16. Broadcom Inc. (NASDAQ:AVGO)
Broadcom Inc. (NASDAQ:AVGO) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. Cramer highlighted the company’s recent deals, as he said:
When Marvell Tech won some big business recently, it came at the expense of Broadcom. They both make custom accelerator chips. We didn’t take the bait and stuck with Broadcom for the Charitable Trust. Today, we discovered that Broadcom got not one but two deals, one with Google and the other with Anthropic. Stock soared more than 6% in response. Thank heavens, we chose not to listen.
Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor devices and infrastructure software, including networking, connectivity, and storage solutions. The company’s products are used for applications in data centers, telecommunications, broadband, smartphones, industrial systems, and AI networking. Cramer mentioned the company during the game plan presented during the February 27 episode and said:
After the close, Broadcom reports… $1.5 trillion company makes semis and software, really doesn’t get enough attention given its size. Now, some of the chips are sold to Alphabet, which is a big buyer. That said, Broadcom needs to get new clients. Right now, it’s caught in the software decline stemming from AI fears. I think the decline’s wrong. You don’t get to $1.5 trillion for doing nothing, right? But you know what? This is one of those that’s just too hard to own right now, and I know that, and I sensed that today when we had our monthly meeting.
15. Alphabet Inc. (NASDAQ:GOOGL)
Alphabet Inc. (NASDAQ:GOOGL) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. Cramer highlighted why he “stayed in” the stock, as he said:
Yesterday was Alphabet. I kept hearing that Google was doing badly, which would slow down the growth of Gemini. With Anthropic coming on strong, albeit for business, ChatGPT maintaining its success, you might have to abandon ship Alphabet. I just started buying it for the Charitable Trust. I thought it made no sense whatsoever. You get YouTube, Waymo, Search, Chrome, Gemini. So I didn’t dump it. I stayed in. It was a pretty bold thing to do. Now, it ramped up again, nearly 2%.
Alphabet Inc. (NASDAQ:GOOGL) provides technology-related products and services, including search, advertising, cloud computing, AI tools, and digital content platforms such as YouTube and Google Play. Cramer discussed the stock during the March 30 episode and commented:
Next, we’re going to talk memory stocks. Oh, everyone’s giving up on those, right? Last week, we learned that Google has something that could make it possible for computers to use less memory. While, this may or may not be true, it destroyed the entire cohort. Micron, Seagate, Western Digital, Sandisk, wow, getting obliterated. Carnage was non-stop. Charnel house. I wish that there was some gravitas to Google’s memory device killer, though, because I’m not buying it. Why? Because Google was down when it was announced. If this were for real, Google stock should have roared instead of going down. Still, the memory stocks were up so much going into last week that they were due for a pullback. Remember, they went parabolic… But if this turns into a bear market, they’re clearly not done going down.
14. Apple Inc. (NASDAQ:AAPL)
Apple Inc. (NASDAQ:AAPL) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. Cramer highlighted how the stock fell after false news. He stated:
It happens every day. Someone whispers something bad about tech to me. The story’s always hard to track down. Let me show you what I mean. This morning, I tried frantically to find out what the heck was the matter with the stock of Apple. Stock was falling like a safe thrown out of the Empire State Building, slicing through 1, 2, 3, 4, 5, 6, right down to the 13 points, 13 points. I’d seen a story earlier in the morning from Nikkei Asia that Apple’s foldable phone, expected for this fall, has been delayed. Oh, I dismissed it… didn’t mean anything…
But after chasing and chasing to find the real story, I had to settle on the fact that the Nikkei story about the foldable phone being late was probably the reason for the decline. I told people to start buying the stock when it was down 10. It just didn’t make sense to me that people would sell based on the one outlet’s somewhat dubious claims. Sure enough, at 1:00 PM, Bloomberg ran an officially sanctioned story saying the foldable phone was on time. Turns out Apple was framed. You caught a quick 5-point gain if you’d bought it when I told you to. Even better if you owned it and didn’t bother to trade it. And I gotta tell you, if we think that there’s no war tomorrow, this one’s going to keep flying higher.
Apple Inc. (NASDAQ:AAPL) manufactures and sells devices such as the iPhone, Mac, iPad, along with its line-up of wearables and accessories. The devices are supported by the company’s app ecosystem, AppleCare, and cloud tools.
13. Lockheed Martin Corporation (NYSE:LMT)
Lockheed Martin Corporation (NYSE:LMT) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. Toward the end of the lightning round, answering a caller’s query about the stock, Cramer said:
No, no, here, listen to me, Jim Taiclet is bankable. I want you to buy more. I think it would be terrific.
Lockheed Martin Corporation (NYSE:LMT) designs and maintains aircraft, missile systems, and helicopters for government and military use. The company also produces satellites, naval vessels, and cybersecurity tools. During the April 2 episode, a caller noted that aerospace and defense stocks have been declining and asked for Cramer’s advice. The Mad Money host responded:
Okay, it’s easy, Lockheed Martin. Jim Taiclet does a great job. The fact that the stock is down in the last few weeks is actually a terrific opportunity. I like that very much. I also like Boeing. Boeing I own for my Charitable Trust… I feel badly that we don’t own an oil, but we do own Boeing, and I think that’s just a terrific, terrific situation. A lot of things have changed in the world since Feb 28. The idea of owning outright military, a defense stock, they have not been that great until now. The President obviously wants a bigger defense budget. Lockheed gets more than, I think Lockheed does a great job, and Taiclet does a terrific job. And that is the straightforward one to own, and that’s the one I would tell you to buy.
12. CVS Health Corporation (NYSE:CVS)
CVS Health Corporation (NYSE:CVS) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. A caller asked if they should sell, hold, or buy more CVS shares, and here’s what Cramer had to say:
No, no, no. Listen to me, listen to me good. David Joyner’s the real deal. He is creating the national drugstore chain. Now, CVS is real. He’s for real [buy, buy, buy].
CVS Health Corporation (NYSE:CVS) provides healthcare solutions through insurance, pharmacy benefit management, and retail pharmacy services. During the January 8 episode, Cramer mentioned the stock and said that he is “looking for another huge year.” He commented:
The sixth best sector and the only other sector to finish 2025 up double digits was healthcare, which finished up 12.5%. Coming into last year, there was a lot of worry about what the health and human services department might do to the industry under the leadership of RFK Jr. But when the worst of these fears failed to materialize, the healthcare stocks were able to make a big run into the end of the year. Guess what was the best performer? CVS Health, up nearly 77% as the company recovered under new CEO David Joyner, and their top competitor Walgreens, is shutting down a lot of stores. Joyner’s money. I’m looking for another huge year.
11. The Campbell’s Company (NASDAQ:CPB)
The Campbell’s Company (NASDAQ:CPB) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. A caller asked whether it is a good time to take a position in the stock and whether the dividend is sustainable. In response, Cramer said:
Alright, I never buy a stock for dividend, for high yield, because too many times, that yield turned out to be chimerical. Now, I absolutely like the company, I like the brands, but when I see 7, 8% yield, I just say, you know what, it’s not worth it. It’s just not worth it. And I’m going to say that you shouldn’t own Campbell’s. I’d rather have you own McCormick, frankly. There you go. I’m out of the closet with McCormick. I’m there. Boom, boom, boom.
The Campbell’s Company (NASDAQ:CPB) produces and sells soups, broths, sauces, juices, frozen meals, and beverages. In addition, it offers a wide range of snacks through brands such as Pepperidge Farm, Goldfish, Snyder’s of Hanover, Cape Cod, and Kettle Brand.
10. Globalstar, Inc. (NASDAQ:GSAT)
Globalstar, Inc. (NASDAQ:GSAT) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. A caller asked how valuable the company is, and Cramer replied:
I gotta tell you, people told me for years to own that stock. And did I listen? No, I had cotton in my ears, I had wax in my ears, I had holes in my ears. And those I still have. And I’m going to have to say uh-uh, it’s right, and I got it wrong.
Globalstar, Inc. (NASDAQ:GSAT) delivers mobile satellite services and equipment supporting voice, data, IoT connectivity, and asset tracking across industries such as government, energy, transportation, and emergency response. During the September 16, 2025, episode, a caller inquired about the stock, and Cramer responded:
I have to admit, I have waited for this to happen, and it’s finally breaking… It’s finally breaking out.
It is worth noting that since the above comment was aired, the company’s stock has gained over 130% in value.
9. ServiceTitan, Inc. (NASDAQ:TTAN)
ServiceTitan, Inc. (NASDAQ:TTAN) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. When a caller inquired about the stock during the lightning round, Cramer said:
You know what? That thing is, I thought that was a good, you know, when it came out of the chute… I believe it was looking really good. It’s just been, kind of been cut in half. I don’t understand. You know what? I’m going to have to huddle with Ben Stoto. I’m not kidding. I’m going to huddle with Ben Stoto. We’re going to find out what the heck happened. We’re going to find out what the heck happened to ServiceTitan. That’s what we’re going to do.
ServiceTitan, Inc. (NASDAQ:TTAN) provides a cloud platform that helps contractors run their businesses by handling scheduling, dispatching, estimates, invoicing, payments, and other daily workflows. Moreover, the company offers specialized software for trades such as pest control and landscaping, as well as fintech tools. Cramer was quite bullish on the stock during the March 5 episode, as he remarked:
Can you believe how that stock’s going down? I am surprised. I looked at that today. I think it’s ridiculous. This is a very good company. You’re getting this, like many companies, it’s been brought down by oil, brought down by a general malaise. That is a good company, and I think that you should hold on to it, and if you have any more extra capital, I would put some more money to work in it. They are giving some stocks away right now, and we want to take advantage of the sale.
8. McCormick & Company, Incorporated (NYSE:MKC)
McCormick & Company, Incorporated (NYSE:MKC) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. Cramer highlighted the Unilever deal as “huge.” The Mad Money host stated:
In a dead group like this, if you’re a major operator and you want to matter again, you gotta swing for the darn fences when something like this becomes available. McCormick’s not making a deal for some random collection of weak brands; it’s buying a set of premium assets that can transform its position in the category. And that is why I think the market’s missing the whole real story here… Honestly, the question is not whether the structure is messy. It is messy. The question is whether McCormick can create more value with these assets than Unilever could. And I think the answer to that is absolutely yes… One of the knocks on McCormick was that it was too domestically focused, and this is the most aggressive way for them to gain share overseas, where there’s still a lot of growth…
The Unilever food deal, it is so huge. McCormick’s balance sheet gets uglier and the structure is unusual. Very risky thing for a conservative company. Plus, it’s not expected to close until mid-2027, and regulators could take a hard look… So the market’s not wrong to worry about that. But after this kind of stock collapse, I think the worries are priced in. McCormick’s finally fallen enough to get interesting. Not safe or easy, but I like the deal…
Here’s the bottom line: In a market where the packaged food has been an absolute graveyard, right, I mean, the worst, the only real way out of, what you can possibly do is to try to get bigger, get more global, own more of the flavor aisle, cut costs, make yourself matter, make yourself relevant. These kinds of brands do not become available very often. McCormick took the shot. If Brendan Foley runs his business the way I think he can, this will eventually look a lot less like a food company overreaching and a lot more like the moment when McCormick decided to get big or go home because they’re done being at the mercy of the market.
McCormick & Company, Incorporated (NYSE:MKC) produces and sells spices, seasonings, condiments, and flavor products for consumers and food manufacturers.
7. Caterpillar Inc. (NYSE:CAT)
Caterpillar Inc. (NYSE:CAT) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. A caller inquired what could cause a long-term problem for the company, and Cramer replied:
Well, you’d have to see metals and mining really get crushed. You’d have to see the Permian give out. You’d have to see no more construction on roads. None of that’s going to happen. Joe Creed has got this thing going. He’s the CEO. I think CAT is one of the most viable stocks. I think this stock could be up gigantically if we get the end of the war, gigantically.
Caterpillar Inc. (NYSE:CAT) provides heavy machinery, engines, turbines, and rail equipment. In addition, the company offers power systems, parts, and support that keep the equipment working. Cramer discussed the stock during the February 27 episode, as he said:
Now also on Thursday, very exciting, Caterpillar’s part of a fireside chat at CONEXPO. That’s that annual construction trade show that you and I probably don’t go to, but sounds like a real hoot. There’s CEO, Joe Creed, a total straight shooter, might talk about how people are using Caterpillar generators to power data centers. All very exciting. I kick myself daily for not getting into that one, and I don’t know if they’ll let me out from my job here to go attend CONEXPO. Maybe next year.
6. Casey’s General Stores, Inc. (NASDAQ:CASY)
Casey’s General Stores, Inc. (NASDAQ:CASY) is one of Jim Cramer’s stock calls as he discussed the impact of the Iran war on the markets. Cramer highlighted the reasons for the stock’s success, as he commented:
I love Casey’s not just because it’s made our viewers big money, although that certainly helps; this is a terrific company that tends to fly under the radar because it operates in places where few from Wall Street would ever go… Since I recommended this stock in late 2023, the stock’s up nearly 166%, trouncing the S&P 500, which is up 53% over the same period. Since then, I just keep pounding the table on Casey’s, and it’s steadily cruised higher. It’s up a quick 37% since I last pushed it. That was seven months ago…
I think there’s still plenty of room to grow. The concept works in just about any rural area. When I last spoke to CEO Darren Rebelez last June, he told us that there was a potential for thousands of Casey’s locations across the country. I have no reason to doubt this man. The company’s got a great strategy of targeting small to mid-sized towns, with two-thirds of the locations in towns of 20,000 people or fewer. And there are a lot of those towns to target in the 31 states that Casey’s hasn’t even entered yet.
Believe me when I say this, I wish that Starbucks would not have so many stores in big cities in the east and west and would put stores in these kinds of places because that’s where the money is. Here’s the bottom line: I’m proud to see Casey’s General Stores get the call up to the S&P 500, and I’m happy that we’ll be able to track the company’s progress more closely now that it’s in the big benchmark index. Congratulations to Casey’s on the honor. And even though higher gas prices and a higher price-to-earnings multiple make the stock harder to recommend up here, I’m confident that it can keep chugging its way higher long-term.
Casey’s General Stores, Inc. (NASDAQ:CASY) operates a chain of convenience stores that offer freshly prepared foods such as pizza, donuts, and sandwiches, along with motor fuel, tobacco products, beverages, and other household and automotive essentials.
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