In this article, we will look at the stocks on Jim Cramer’s game plan as he shared his take on the market post-Iran-U.S. ceasefire talks. The host of Mad Money said on Friday that investor sentiment has become far too confident after the news of ceasefire talks between Iran and the United States.
The market’s bold. The market’s decisive. And frankly, I find it incredibly overconfident right now, given the tenuous nature of our ceasefire with Iran and the fact that they can shut down the most important commercial waterway on earth in a heartbeat, and we can’t seem to be able to do anything about it. I start off tonight’s show this way, not because I’m some military strategist, I am, however, a stock strategist, someone who can help you gauge the appropriate level of confidence in your stocks… I believe that many investors have gotten ahead of themselves and maybe are too bullish considering these circumstances. It’s a heck of a run we’ve had here. The idea that everything will finally go right in the Middle East seems like a real stretch to me.
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Cramer said he is not calling it a breaking point for the market. He said he does not see a broader threat that could destabilize the entire financial system.
Here’s the bottom line: Despite that tenuous ceasefire with Iran, I bet there’s a notion of opportunity. I just think the bulls need to pull in their horns a little bit. They need to have a little more fear to match the fear about what will happen with Iran over the next week. Otherwise, the overconfidence and the overbought nature of the market are just simply not conducive to us going that much higher.
Our Methodology
For this article, we compiled a list of 12 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 10. 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 Game Plan for 12 Stocks and His Take on the Market Post Iran-U.S. Ceasefire Talks
12. Fifth Third Bancorp (NASDAQ:FITB)
Fifth Third Bancorp (NASDAQ:FITB) is among the stocks on Jim Cramer’s game plan as he shared his take on the market post Iran-U.S. ceasefire talks. Cramer finished his game plan with FITB and other regional banks, as he commented:
Friday is a regional bank day. I like the regional banks. We get a better sense of how Main Street’s doing it. Now, it’s a trio of good ones, and this is what’s really important: Fifth Third, Regions, and Truist. I am a huge believer that this year will be the year when the big banks, like the ones that I cover down here, the big banks will, because the regulatory regimen is so much looser, will try to buy, not necessarily these three, although I would really buy Fifth Third, but they’re going to try to let them buy these smaller banks and that’s going to be fabulous… owning the smaller banks, not just the big ones. By the end of the week, we should know a ton about the state of the consumer and corporate America’s appetite for acquisitions and IPOs.
Fifth Third Bancorp (NASDAQ:FITB) provides financial services, including commercial and consumer banking, lending, mortgages, and cash management, along with wealth and asset management services, investment planning, and advisory solutions.
11. Netflix, Inc. (NASDAQ:NFLX)
Netflix, Inc. (NASDAQ:NFLX) is among the stocks on Jim Cramer’s game plan as he shared his take on the market post Iran-U.S. ceasefire talks. Cramer showed quite a bullish sentiment toward the stock, as he said:
Netflix reports Thursday, and this company’s a juggernaut. So many thought that they took their eye off the ball with the attempted purchase of Warner Brothers Discovery. I thought it’d be terrific either way, okay? If they got it, it’d be terrific. If they didn’t, well, they’d get paid a $2.8 billion breakup fee, walk away. I think they can just build up a great studio on their own. But more importantly, think of this, Netflix came out of nowhere to build this incredible, the greatest entertainment company on earth. I bet they can just keep doing what they’re doing. Let’s give them the benefit of the doubt.
Netflix, Inc. (NASDAQ:NFLX) provides streaming entertainment, including TV series, films, documentaries, and games. A caller asked about the stock during the March 18 episode, and Cramer replied:
Okay, let me tell you… I think I’m going to throw in one more positive. I think they could raise the price of the service. I think everybody loves it. I think you leg into Netflix. This is not a good market. You buy some here, you buy some a little bit lower. If you buy it all right now, you’re going to end up, if it goes to $85, you’re going to feel terrible. So buy it slow. That’s what we’re doing… Buy it slow. Then this market won’t get you down.
