Jim Cramer Defended American Superiority and Discussed These 13 Stocks

9. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 56

Target Corporation (NYSE:TGT) came up in response to a downgrade from Goldman Sachs, with concerns about pricing, product sourcing, and soft consumer demand. Cramer was cautious, warning investors about potential earnings pressure:

“You know, when you go over to the downgrade of Target today, at Goldman, then you look at where Target sources things, and you get a sense, look, they’ve moved away from China. But wherever you moved, unless you moved to Texas where everyone’s moving, you’re still going to get hit. That’s why target numbers have to come down. Plus, they also say that business isn’t that good. I looked at that Target downgrade and I said, you got to be careful here.”