Jim Cramer Defends DuPont de Nemours, Inc. (DD): “They Did Nothing Wrong”

Insider Monkey
04-09

We recently published a list of Jim Cramer Believes Trump Hasn’t Ordered A Market Crash & Discusses These 10 Stocks. In this article, we are going to take a look at where DuPont de Nemours, Inc. (NYSE:DD) stands against other stocks that Jim Cramer recently discussed.

In his appearance on CNBC’s Squawk on the Street on Friday, Jim Cramer struggled to understand President Trump’s game plan. The President’s decision to announce tariffs on countries that have a trade surplus with the US roiled the stock market and made Cramer speculate whether the coming Monday would resemble 1987’s infamous Black Monday crash. He commented:

“I do think that what’s happened Carl, is that I struggle for why, for what the President’s game plan is. Because if you wanted to make the market, uh, crash, I think you would go with his game plan. I don’t like that, I do not favor that, that’s a they know nothing game plan, and it’s very disappointing. Because I’m a savvy person, business person, surrounded by business people, it should not be in our country’s interest to have the market crash.”

Naturally, criticizing the government is controversial and so is speculating about a possible incoming historic market crash. However, Cramer remained defiant and shared with viewers how he withstood the 1987 crash:

“Now if I am blamed for what I said, you know what, I don’t play for dinner! I am finally at the darn age where I’m allowed to say that if I mean it. Now I said it a couple of other times and I was right! In every occasion. I was in cash for 1987. In cash. That was not stupid. I was in cash for the crash. I obviously said in 2007 that they knew nothing. That was a good call. I don’t want this to be that call. There’s plenty of opportunity for the President to say, you know I’ve been thinking. We’ll do the TikTok deal. We’ll avoid this.”

While he didn’t shun buying stocks, Cramer urged viewers to be careful. “I can’t think of a single reason to buy a stock,” he said. Now I’m on hold, I mean we’ve sold enough stuff for our charitable trust. But I can’t bottom fish! I don’t want to sleep with the fishes!” he added.

In his Thursday show, Cramer outlined that stocks were readjusting to lower multiples stemming from tariff-induced higher costs of business. When asked if he was more bearish than his earlier prediction of prices falling for a multiple adjustment, he remarked:

“I think that, I find it impossible to believe that the President would actually order a crash. . . .We have a lot of people who have money in the stock market. It’s the bedrock of a lot of 401(k) and IRA. And I think that should play a role too. And I am much more of a hard-line tariff person than the President. . .I hate free trade. I am so much harder line than Navarro! And Trump!”

Cramer implored the Trump administration to give companies a path to navigate through tariffs. “You can undo what you did in the next 48 hours,” he said. “It makes no sense to hurt American companies. Give them a path! And then what then we go up!,” he added.

Our Methodology

To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on April 4th.

For these stocks, we also mentioned the number of hedge fund investors. 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

A closeup of a hand manipulating a complex piece of machinery in a semiconductor factory.

DuPont de Nemours, Inc. (NYSE:DD)

Number of Hedge Fund Holders In Q4 2024: 58

DuPont de Nemours, Inc. (NYSE:DD) is one of the biggest chemical companies in the world. It was one of the hardest hit stocks during the tariff selloff as the shares dropped by a whopping 21%. One reason DuPont de Nemours, Inc. (NYSE:DD)’s shares dropped was that it was caught in the middle of President Trump’s approach of levying tariffs to force concessions from China. China announced that it would start an investigation into DuPont de Nemours, Inc. (NYSE:DD)’s operations as a monopoly. Naturally, investors weren’t pleased. Here is what Cramer said:

“DuPont my charitable trust owns. This is an instance where I think that our country’s destroying DuPont. At least a big part of it, say 18% of it and there’s no reason for it whatsoever. We didn’t have to do this.

“I think by the way just to clarify with DuPont. They did nothing wrong. I mean that’s just what you do.”

Overall, DD ranks 6th on our list of stocks that Jim Cramer recently discussed. While we acknowledge the potential of DD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than DD but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

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