Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 4/7/25
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Apr 7, 2025 Michelle Goss, the President and CEO of Levi Strauss, shares insights on the company's remarkable earnings amid a tricky economic landscape. She emphasizes the success of their direct-to-consumer strategy, revealing how it has driven record margins and growth. Goss discusses the impact of tariffs on their operations and how they've adapted pricing strategies in response to consumer behavior. Additionally, she addresses the broader market challenges, including the performance scrutiny faced by major tech stocks during this turbulent time.
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Don't Panic, Buy the Dip
- Don't panic and sell everything in a market downturn.
- Assess the situation and consider buying on dips, as there will be more.
Not a Systemic Crisis
- Current market conditions aren't systemic like 2008; institutions are strong.
- This downturn is likely a one-off event caused by President Trump's tariffs.
Potential Market Bottom
- The S&P 500 could bottom at 3,480 if President Trump's tariffs continue.
- Wall Street was initially bullish on Trump's policies, but the tariffs changed everything.