In a recent Mad Money episode, Jim Cramer discussed the market decline as “man-made” and emphasized the impact of leadership decisions rather than economic factors. He expressed concerns about the administration’s tariffs agenda and the potential impact on the global economy. Cramer highlighted the challenges that would need to be overcome for the current strategy to succeed, including avoiding inflation spikes and negotiating new trade deals quickly. Among the 15 stocks mentioned in the episode, Micron Technology Inc. (NASDAQ:MU) was highlighted as having strong potential, with 94 hedge fund holders.
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Oil prices jump after U.S. strike on Iranian nuclear facilities
Oil prices surged and stock futures declined amid rising concerns over economic repercussions from U.S. strikes on Iran's nuclear facilities, with fears about access to the Strait of Hormuz, a crucial oil transit route. Analysts warned that disruptions could lead to significant increases in oil and gas prices, while Iran's parliament considered closing the strait, despite potential harm to its economy and ties with China. Need More Context? 🔎
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