We recently published a list of Jim Cramer Was Talking About These 10 Stocks Amid Tariff Chaos. In this article, we are going to take a look at where Best Buy Co Inc (NYSE:BBY) stands against other stocks that Jim Cramer was talking about amid tariff chaos.
Jim Cramer in a latest program on CNBC talked about the market rebound on Friday, and said that there’s still uncertainty ahead as consumers remain worried about the impact of tariffs.
“Right now people are scared. We saw a shocking decline in the University of Michigan consumer sentiment survey this morning. People fear inflation and worry about their savings, which happens to be, in many cases, the stock market. They don’t know what tariffs mean and they haven’t had them explained to them in any satisfactory way, so they figure the tariffs are yet another thing that raises prices in the supermarket — and that’s probably true.
I know the president and his crew have chosen not to focus on the stock market because they don’t want to have it be a referendum on themselves. I agree with that, but it won’t be — it’ll be the voice of the people and what they’re worried about. Think of the market as a gauge of hope versus despair. The results lately demonstrate despair, even if today we finally got a solid session. The cause and effect are so palpable that you don’t need me to tell you how these gains came about, do you?”
Cramer predicted that retail sales numbers next week will be “dismal” as consumers are worried about losing their jobs and are cutting back on spending.
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For this article, we picked 10 stocks Jim Cramer recently talked about during his programs on CNBC. With each stock we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Best Buy Co Inc (NYSE:BBY)
Number of Hedge Funds Investors: 37
Jim Cramer in a latest program on CNBC said Best Buy Co Inc (NYSE:BBY) results were better than expected but the stock fell because of the management’s comments saying the company will have to raise prices due to the potential impact of tariffs.
“The numbers out today were much better than expected—not better than expected, not better than feared, much better than expected. There was without a doubt a shock when you saw how good these were, because what it said is that Corie Barry and raised the div to, in this environment, is just doing incredibly well. And then there was this paragraph at the end of her talk where she said, of course, tariffs are coming, get a lot of stuff from China and Mexico, and we’re going to have to raise prices. We’re not sure how much we’re going to have to raise prices.”
Best Buy (NYSE:BBY) posted fourth-quarter results that topped Wall Street’s forecasts, while its FY26 outlook came in line with expectations. However, shares fell amid consumer environment headwinds.
“As we enter FY26, we believe consumer behavior will be largely similar to last year – remaining resilient but still dealing with high inflation that is driving expenses up across their lives, making them value focused and thoughtful about big ticket purchases,” said Best Buy CFO Matt Bilunas during the earnings call. [read the full earnings call transcript here]
Best Buy sees comparable sales growth to range from flat to up 2% for FY26, with most of the growth likely in the second half due to product launches and new initiatives. Comparable sales for Q1 are projected to dip slightly from FY25.
Overall, BBY ranks 7th on our list of stocks that Jim Cramer was talking about amid tariff chaos. While we acknowledge the potential of BBY, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BBY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.