We recently published a list of Jim Cramer Was Talking About These 10 Stocks Amid Tariff Chaos. In this article, we are going to take a look at where Cheesecake Factory Incorporated (NASDAQ:CAKE) stands against other stocks that Jim Cramer was talking about amid tariff chaos.
Jim Cramer in a latest program on CNBC talked about the market rebound on Friday, and said that there’s still uncertainty ahead as consumers remain worried about the impact of tariffs.
“Right now people are scared. We saw a shocking decline in the University of Michigan consumer sentiment survey this morning. People fear inflation and worry about their savings, which happens to be, in many cases, the stock market. They don’t know what tariffs mean and they haven’t had them explained to them in any satisfactory way, so they figure the tariffs are yet another thing that raises prices in the supermarket — and that’s probably true.
I know the president and his crew have chosen not to focus on the stock market because they don’t want to have it be a referendum on themselves. I agree with that, but it won’t be — it’ll be the voice of the people and what they’re worried about. Think of the market as a gauge of hope versus despair. The results lately demonstrate despair, even if today we finally got a solid session. The cause and effect are so palpable that you don’t need me to tell you how these gains came about, do you?”
Cramer predicted that retail sales numbers next week will be “dismal” as consumers are worried about losing their jobs and are cutting back on spending.
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In
For this article, we picked 10 stocks Jim Cramer recently talked about during his programs on CNBC. With each stock we have 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).
Number of Hedge Funds Investors: 22
A caller recently asked Jim Cramer about Cheesecake Factory Incorporated (NASDAQ:CAKE) during the Lightning Round segment of his program on CNBC. Cramer recommended the stock and called it a “winner.”
“You got a winner in Cheesecake Factory (NASDAQ:CAKE), and you’re absolutely right. And by the way, they do have a menu that doesn’t have a lot—you know, they’ve got stuff that is not incredibly fattening too. I think that you got a good stock to buy with Cheesecake.”
Overall, CAKE ranks 9th on our list of stocks that Jim Cramer was talking about amid tariff chaos. While we acknowledge the potential of CAKE, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CAKE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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