Jim Cramer recently appeared on CNBC’s Squawk on the Street. He commented on the increasing bearishness in the stock market. Co-host Carl Quintanilla asked Cramer about the current investment landscape.
Quintanilla asked about the ratio of price target cuts versus raises. Cramer acknowledged the market’s challenges. He noted the predominance of price target cuts.
However, he did highlight Agnico Eagle Mines Ltd (NYSE:AEM) as a standout performer. Cramer shared his personal investment strategy. He revealed that he regularly contributes to an S&P fund at the end of each month.
He is restricted from buying stocks directly. He suggested that while he has paused his own buying, he believes there will be a better opportunity to invest soon. Cramer pointed out similarities between past tumultuous periods and the current environment.
He referenced the Federal Reserve’s interest rate hike cycle of 2022. This cycle saw the central bank implement successive 75 basis point rate hikes.
Cramer’s view on current market trends
This period, according to Cramer, offers insight into navigating today’s market. Cramer discussed his tentative support for President Trump’s tariff policies. Though he expressed concerns over their potential impact on prices and the overall market.
Among the stocks that Cramer discusses, Agnico Eagle Mines Ltd (NYSE:AEM) has emerged as a notable performer. The Canadian mining company’s shares have surged 30% year-to-date. The company is benefiting from global economic uncertainty and increased demand for gold.
Cramer praised the firm’s operational excellence and its strategic positioning in less risky areas. “Agnico Eagle’s terrific. If you wanna go there.
That’s the best one. I like that very much. Oh just crushing it and a really well-run company.
And by the way, not in bad areas, bad areas mean not dangerous areas,” Cramer said. While Cramer acknowledges the potential of AEM, his conviction in the promise of AI stocks remains strong. He suggests that AI stocks offer greater potential for higher returns in a shorter timeframe.
