Squawk on the Street Consumer Concerns, Musk: “Hold Onto Your Stock”, Honing in on Housing 3/21/25
Mar 21, 2025
Sara Eisen and Jim Cramer discuss the significant drop in Nike and FedEx shares amid fears of an economic slowdown. Elon Musk reassures Tesla employees to 'hold onto your stock' as the company faces a potential ninth week of losses. The conversation touches on Home Depot's resilience despite market challenges and the broader consumer confidence landscape. Additionally, they analyze the volatile perceptions surrounding Tesla and Lennar’s mixed earnings report, exploring the complexities of current market dynamics.
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Tesla's Political Brand
- Tesla's stock performance is heavily influenced by Elon Musk's political stances and his involvement with Doge.
- Some investors are hesitant due to Musk's alignment with anti-climate change theories.
Lennar Analysis
- Lennar is inexpensive relative to the last five years, making it potentially attractive.
- However, there's no compelling reason to buy right now due to the uncertain impact of the Federal Reserve's actions.
Market Health Beyond Tech
- The market's overall health is better than it appears because the focus on tech stocks like MAG7 obscures positive performance elsewhere.
- Broadening out investments beyond tech can lead to a healthier portfolio.