UNH - From Boeing To Nike Jim Cramer Spotlights Dow's Biggest Q1 Flops: 'Nothing Pristine About This List' | Benzinga
In a recent episode of CNBC’s “Mad Money,” host Jim Cramer reviewed the Dow Jones Industrial Average’s (DJIA) five worst-performing stocks in the first quarter of 2024.
What Happened: Cramer, in his analysis, suggested that these stocks could be worth keeping an eye on despite their poor performance, reported CNBC.
He mentioned that while a three-month period is usually insufficient to change a stock’s trajectory, some companies might be laying the groundwork for a turnaround. Cramer then highlighted the five worst-performing stocks, according to FactSet.
Below are five stocks, ranked from worst to best, according to FactSet:
- Boeing Co (NYSE:BA): Cramer highlighted Boeing’s ongoing struggles, citing recent high-profile malfunctions with several company planes. He expressed concern that Boeing might remain a long-term renter on the poorly performing list.
- Nike Inc. (NYSE:NKE): With fierce competition in the shoe market, Cramer expressed worry about Nike’s business in the U.S. He suggested that consumers increasingly opt for cheaper alternatives, leading to uncertainty about Nike’s performance until quarterly results are revealed.
- Intel Corp (NASDAQ:INTC): Cramer suggested that Intel could see a rally due to favorable year-over-year comparisons, noting a recent increase in price target by UBS.
- Apple Inc (NASDAQ:AAPL): Despite short-term challenges such as slowing sales in China and a potential inventory ...