Jim Cramer Calls Market Decline ‘Man-Made’ and Breaks Down 15 Stocks

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12. Levi Strauss & Co. (NYSE:LEVI)

Number of Hedge Fund Holders: 31

Levi Strauss & Co. (NYSE:LEVI) had just reported earnings and Cramer invited CEO Michelle Gass onto the show. He opened by defending the strength of Levi’s quarter, especially against market confusion about revenue performance amid global tariff uncertainty. Here are his thoughts on the stock:

“Levi Strauss is a great American company that should not have been able to deliver such a great number if things are so bad. […] We had a strong quarter, a very strong beat on EPS […] All regions around the world and all categories were positive this quarter, and it is a testament and a proof point that these strategies are working.”

Here’s what Jim Cramer said about Levi Strauss & Co. (NYSE:LEVI) a few days before the company’s CEO came on the show, in anticipation of its earnings report:

“We will soon find out what CEOs can do to deal with tariffs because Levi Strauss reports on Monday and it manufactures jeans all over the map from Japan and Mexico, Turkey, other places in Asia.

Levi’s offered some weaker guidance last quarter and it got hammered. Apparel’s been a mixed bag, people. The last company that spoke in the space, we just did a piece on, PVH, said very good things. Calvin Klein, Tommy Hilfiger, are doing well. Maybe Levi Strauss made the quarter too.”

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