In this article, we will take a look at 23 stocks that Jim Cramer discussed 12 months ago during his show on March 26, 2024, and examine whether he was right or wrong about those stocks.
In the most recent Mad Money episode, Jim Cramer shared his thoughts on the current state of the market, especially about AI stocks. He noted that despite the enthusiasm surrounding AI, investors are no longer willing to pay high prices for stocks tied to this technology. Cramer explained that on days like Tuesday, people in the market are feeling what he referred to as “painful shrinkage.”
“In this business, shrinkage means paying less for the same earnings that you were willing to pay up for only just a week or two ago.”
READ ALSO: Jim Cramer’s Thoughts on These 5 Stocks and Was Jim Cramer Right About These 23 Stocks?
He pointed out that this phenomenon is commonly known as price-to-earnings multiple compression, a widespread trend across the market. Cramer asked why this is happening, especially when it seems like nothing has changed with the companies themselves. He explained:
“Look, when everyone’s terrified that a piano’s about to fall on their heads, they don’t want to get hit by the baby grand and right now they don’t want to own the falling stocks either. So they sell but they can’t get a good price anymore because too many people want out for the same reasons. They think that stocks are overpriced versus when we consider what could lay ahead.”
Cramer further elaborated that there is a strong sense of apprehension in the market right now, with investors bracing for potential economic challenges. Despite good news that may come out about companies or the economy, people are reluctant to hold onto stocks because they are anticipating weakness down the road.
He said that even though they cannot see it clearly, the ongoing concerns about the economy and the administration’s messaging about necessary economic adjustments create a climate of fear. As Cramer put it, “If the administration keeps talking about how we’re transitioning, how the economy needs to make some painful adjustments, then any big rally that we had Friday and yesterday will become magnets for sellers.”
“Here’s the bottom line: This latest round of multiple compression came on a day of wonderment about artificial intelligence, and even with Jensen’s fabulous speech, multiple compression was just much more powerful. You know what? It’s going to stay that way until we get through this environment, either because the White House backs off, or because stocks come down to the point where we simply get used to it.”
Methodology
For this article, we compiled a list of 23 stocks that were discussed by Jim Cramer during the episode of Mad Money on March 26, 2024. We then calculated their performance from March 26th, 2024, market close to March 18th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.
Please note that this article mentions Jim Cramer’s previous opinions and may not account for any changes to his opinions regarding the stocks that are mentioned. It is primarily an examination of how his previously provided opinions have panned out.
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).
23. Super Micro Computer Inc. (NASDAQ:SMCI)
Number of Hedge Fund Holders: 45
Super Micro Computer Inc. (NASDAQ:SMCI) is a leading global provider of high-performance server technology and data center solutions. While discussing the top year-to-date performers of the S&P 500 at the time, Cramer highlighted Super Micro as the best performer.
“This company provides the racks and the data center. It’s more of a pick and shovel story for the cloud and artificial intelligence. It’s more than just an offshoot of Nvidia […] The chart we were using tonight nailed this thing perfectly not that long ago.”
Super Micro Computer Inc. (NASDAQ:SMCI) has dropped significantly, down 61.46% since that episode, due to accounting discrepancies.
Jim Cramer has also changed his view on the stock, saying this on the 7th of March:
“There are still remedies that are needed. Until all the remedies happen, I am not going to approve it. In the meantime, that industry has become very cutthroat. Look at HPE today. If you want to know the winner in that space, it’s going to be Michael Dell and I do say at this level that it would be a good idea to buy Michael Dell’s company. It is so low, it sells, it’s nine times earnings and Michael Dell is fantastic at what he does and also probably one of the most charitable people I’ve ever met.”
22. Nvidia Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 223
Continuing his segment on S&P 500 top performers, Cramer covered Nvidia Corporation (NASDAQ:NVDA), the world’s dominant designer of GPUs and AI chips, as the second-best performer at the time but warned of short-term volatility.
“Speaking of Nvidia, yes, it’s the second-best performer in the S&P for the year even as it was down hard today as part of the broadening of the market […] One day though there’s not a sell-off make, but I’m just trying to make a point about what’s been working beyond the stock of Nvidia.”
Nvidia Corporation (NASDAQ:NVDA) has performed well, gaining 26.67% since Cramer mentioned it.
This past Tuesday, the 18th of March, the host of Mad Money gave his thoughts on the stock:
“Well, we had a real test case today, didn’t we?… When you put 17,500 NVIDIAns and friends… in San Jose, you’d expect some sort of impact on the stock market or at least in the stock of NVIDIA but that sure didn’t happen. Today, we learned that nothing’s more powerful than multiple compression as NVIDIA’s stock actually slid $4 and 10 cents. It declined 3.4%. I say ouch…NVIDIA stock isn’t cheap unless everything goes right and in this climate of fear environment, it’s hard to see everything going right even for a company that is this special.”
21. Constellation Energy Corporation (NASDAQ:CEG)
Number of Hedge Fund Holders: 85
Constellation Energy Corporation (NASDAQ:CEG) is the largest producer of carbon-free energy in the U.S., focusing on nuclear and renewables. As part of his review of top stocks at the time, Cramer highlighted Constellation as a beneficiary of the clean energy boom.
“It’s a good time to be in the electricity business, especially renewable non-fossil fuel energy with mega-cap clients that don’t want their utilities to use coal or natural gas.”
Constellation Energy Corporation (NASDAQ:CEG) has risen by 16.21% since that older commentary.
The last time Jim Cramer mentioned the stock, which was on February 27, he pointed out that Constellation Energy Corporation (NASDAQ:CEG) is better than alcoholic beverages company Constellation Brands:
“Cause there’s two Constellations. There’s the good Constellation [Constellation Energy] and the bad Constellation [Constellation Brands].”
20. Deckers Outdoor Corporation (NYSE:DECK)
Number of Hedge Fund Holders: 66
Deckers Outdoor Corporation (NYSE:DECK) is a footwear and apparel company best known for its Uggs and Hoka running shoe brands. Cramer identified Deckers as a surprising retail winner during a broadening bull market at the time.
“Deckers is the essence of what I see as broadening of the bull market to now include special retail. You say Tesla, I say Deckers.”
Deckers Outdoor Corporation (NYSE:DECK) has declined by 24.60% following Cramer’s comments.
The host of Mad Money has also mentioned the company on the 18th of October, saying:
“We keep wondering how Hoka is doing and whether it’s still taking share from Nike. Hoka is a division of Deckers Outdoor, which reports after the close on Thursday. I anticipate a strong number for their insurgent running shoe division.”
Additionally, the Mad Money host also said this about DECK stock on March 19:
“I’m split. I think Hoka is real good, but that last quarter, Uggs was quite bad. Some people say it was, it was a problem with how much inventory they had. I think you should actually buy Deckers under 120. I like it. Next, buy 100. Get a good basis.”
19. Meta Platforms Inc. (NASDAQ:META)
Number of Hedge Fund Holders: 262
Meta Platforms Inc. (NASDAQ:META) is the parent company of Facebook, Instagram, and WhatsApp, and a leader in AI-driven advertising. Cramer praised Meta at the time for its cost-cutting and strong revenue generation.
“When you fire a lot of people and your revenues go higher, that’s Max leverage. So Meta is now printing money, and if TikTok gets banned, of course the stock could go to the moon.”
Meta Platforms Inc. (NASDAQ:META) has appreciated by 17.64% since being mentioned in that episode, being one of the best performers among the “Magnificent 7”.
Jim Cramer remains bullish on Meta Platforms Inc. (NASDAQ:META). Here’s what he said more recently on the 14th of March:
“The most offensive is Meta, because even though that does have advertising revenue, he’s completely crushing it. Mark Zuckerberg’s crushing it. And by the way, the Adobe thing was very interesting. The Adobe led, that stock was down huge. And one of big the reasons I think why I think is that you can go to Meta, and they can design anything for you. You can go to TikTok and they can, they don’t really help you, but Meta can do many things. And I think people go back to the conference calls and realize he owns, he’s really very much in control of the situation.
“[On concerns about the advertising market] There are. But again, people don’t realize that when you have a situation where you think everybody is, you’re not getting good ROI in your advertisement, you just circle the wagons, you get out of radio, you get out linear TV as fast as possible. And you go to, you go to Amazon, you go somewhat to YouTube. And you go to Mark Zuckerberg. And you go to TikTok.”
18. Micron Technology Inc. (NASDAQ:MU)
Number of Hedge Fund Holders: 94
Micron Technology Inc. (NASDAQ:MU) is one of the largest U.S. producers of memory and storage solutions, including DRAM and NAND chips. Cramer called Micron a semiconductor play with exposure to AI, auto, and industrial markets.
“Micron actually represents all sorts of industries—auto, industrial, you name it. It’s the broaden semiconductor play like Super Micro.”
Micron Technology Inc. (NASDAQ:MU) has fallen by 13.77% since the show aired.
On the 14th of March, Cramer has warned about the impact on the firm from the President possibly retracting CHIPS Act investments. He has, however, remained upbeat about Micron Technology, Inc. (NASDAQ:MU)’s CEO, saying:
“[On Micron’s gains] Okay, so that is a good example. That if I were the President, I’d be saying, you know watch Micron, it’s up seven. And I would say Micron owes the US money because they got money from the CHIPS Act. And then he would say, I didn’t mean to hurt them, you have to take pain. And I’d be like, gratuitous. Now Micron is you know my favorite, I said earlier this week that people should buy it. I think Sanjay Mehrotra’s terrific. They have high bandwidth memory. But I will point out. They were involved with the CHIPS Act. And anybody’s involved with the CHIPS Act is considered radioactive. By the President. Be careful. I mean I think Sanjay’s great. I hope Sanjay is not in the crosshairs. They were trying to give money away. And if they call you and say, listen, we’d like to give you five billion, your natural reaction is not to say, woah, I don’t need that five. It’s more like, okay. Okay.”
17. Marathon Petroleum Corporation (NYSE:MPC)
Number of Hedge Fund Holders: 55
Marathon Petroleum Corporation (NYSE:MPC) is the largest independent oil refiner in the U.S., with a vast refining and distribution network. Cramer saw it as a key player in the energy trade at the time.
“Marathon has 13 refineries, processes 2.9 million barrels in 12 states. It’s our nation’s largest refinery system for heaven’s sake. This is the kind of stock people want right now, not a cell phone company with Chinese exposure.”
However, it didn’t go so well for the company over the past 12 months. Marathon Petroleum Corporation (NYSE:MPC) has dropped by 25.08% since Cramer’s mention.
16. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Holders: 115
Eli Lilly and Company (NYSE:LLY) is a global pharmaceutical leader. In that older episode, Cramer noted Eli Lilly as a key player in the booming GLP-1 market.
“Lilly’s been part of the great broadening for a while now thanks to this revolutionary GLP-1 drug for weight loss and diabetes […] Lilly’s Zepbound, which is their weight loss version of the GLP-1, is in extremely short supply all around the nation.”
Eli Lilly and Company (NYSE:LLY) has climbed by 8.03% since Cramer highlighted it.
On the 11th of March, Cramer asserted his opinion that Eli Lilly and Company (NYSE:LLY) is among the top 10 US companies:
“Remember Lilly passed Tesla, that’s why remember the Magnificent 7 is the Okay 10 because I don’t have seven.”
15. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Holders: 108
The Walt Disney Company (NYSE:DIS) is one of the world’s largest media and entertainment companies, operating iconic brands like Disney, Pixar, Marvel, and ESPN. During that episode, Cramer discussed Disney amid a heated proxy battle with activist Nelson Peltz at the time:
“Finally roaring because the board of directors wants to fight off Nelson Peltz. They do not want that famous activist investor in their boardroom. Nothing concentrates the mind like a good old-fashioned proxy fight.”
The Walt Disney Company (NYSE:DIS) has declined by 16.13% since being discussed during that episode.
Cramer appeared skeptical on Disney during a more recent program on the 11th of March:
“Do you give up on Disney here? I don’t know, I think you know really cause travel’s bad for a couple of weeks. I think that Disney is more oil and gas related than it is. . .but I see the stock going down.”
14. Western Digital Corporation (NASDAQ:WDC)
Number of Hedge Fund Holders: 85
Western Digital Corporation (NASDAQ:WDC) is a global leader in data storage solutions, providing hard disk drives and flash storage products. Cramer described the stock as a turnaround play back then, noting its cheap valuation.
“Western Digital is a data storage company […] It’s just an incredibly cheap stock. Western Digital’s actually been a money loser of late, but the estimates say business is about to flip and you want to be in this stock when that happens.”
Western Digital Corporation (NASDAQ:WDC) has fallen by 12.85% since that older segment.
On January 31st, Cramer reiterated that the stock appeared cheap:
“I have read so many upgrades to Western Digital that I have to believe the stock is way too cheap. I’m calling that one money side up.”
13. Eaton Corporation plc (NYSE:ETN)
Number of Hedge Fund Holders: 88
In that same episode, Cramer talked about Eaton Corporation plc (NYSE:ETN) as a key name in energy transition plays.
“Eaton’s become new line by focusing on the energy transition—yes, fossil to clean […] It’s a major focus for my Charitable Trust which we will discuss when the investing club convenes at noon tomorrow.
Eaton Corporation plc (NYSE:ETN) is a diversified industrial manufacturing company specializing in power management and energy efficiency. The share price of the company has slipped by 6.02% since being mentioned on the show.
Despite the recent setbacks, Cramer remains bullish on Eaton and believes a comeback is due soon:
“It’s unbelievable… It is unbelievable. That quarter was not that bad. I can’t believe what’s happened to the stock. I was talking with Jeff Marks today. We think it should be bought and bought right now.”
12. Lululemon Athletica Inc. (NASDAQ:LULU)
Number of Hedge Fund Holders: 60
Lululemon Athletica Inc. (NASDAQ:LULU) is a top global brand in premium athletic apparel, best known for pioneering the athleisure trend. When asked about it, Cramer expressed concern about increased competition facing the company back then.
“I am now beginning to believe that there are people who have figured out Lululemon’s formula and are coming after it. There’s Vuori, there’s the new Gap Athleta re-energized. I just think that the competition has heated up.”
Lululemon Athletica Inc. (NASDAQ:LULU) has dropped by 15.71% since that episode aired.
Cramer remains of the opinion that Lululemon Athletica Inc. (NASDAQ:LULU) is facing increased competition and that hurts the stock. Here’s what he said on the 7th of March:
“Athleta, David, could be taking share from Lulu. I asked whether there was an existential threat to Lulu. Lulu’s much more expensive. . .everything is much more expensive.”
11. Shake Shack Inc. (NYSE:SHAK)
Number of Hedge Fund Holders: 43
A caller had a question for Cramer about Shake Shack Inc. (NYSE:SHAK), the fast-casual restaurant chain with a growing footprint in burgers and modern American cuisine. Cramer offered cautious optimism about its leadership at the time.
“I will tell you we have liked Rob Lynch historically. We think he’s a terrific CEO. He has come in there, I think it’s a breath of fresh air […] I do think this stock needs a bit of a pullback because it sells at a very, very high price-to-earnings multiple, but I like where you’re going because I like the management.”
Shake Shack Inc. (NYSE:SHAK)’s stock price has decreased by 15.23% following Cramer’s commentary.
On the 27th of January, Cramer said he believes the company’s CEO is capable of turning the stock’s fortune around:
“[how market viewed ex-Mag 7 on the day of the sell off] I mean, it is interesting, by the way, that Rob Lynch moved over to Shake Shack, and he’s done a great job. But I will say that not the right day to ring the opening bell, in the sense of its line of focus. But a good sense that he’s brought the company to a growth pattern that’s far in excess of we thought it was going to have. He, Papa John’s, turnaround guy,
10. DraftKings Inc. (NASDAQ:DKNG)
Number of Hedge Fund Holders: 65
DraftKings Inc. (NASDAQ:DKNG) is a major player in online sports betting and daily fantasy sports across the U.S. In that older episode, Cramer discussed DraftKings as a stock with improving fundamentals, supported by strong technicals.
“I like DraftKings. I thought the company had a lot going for it when it reported what was widely called a mixed quarter back in mid-February. I said it was much better than that if you did your homework. The quarter was very, very encouraging.”
DraftKings Inc. (NASDAQ:DKNG) has pulled back by 22.56% since being mentioned.
Cramer has soured a bit on gambling stocks ever since, but he remains a fan of the stock. Here’s what he said on the 6th of January this year:
“Yeah, I, I’m not that high on the gambling stocks right now. There’s, it feels like there’s too many of them and we need a consolidation. The one that I like is… DraftKings, but that’s come down quite a bit too. It’s not been a good group.”
9. State Street Corporation (NYSE:STT)
Number of Hedge Fund Holders: 61
State Street Corporation (NYSE:STT) is one of the world’s largest custody banks and asset managers. When asked about the stock during the lightning round, Cramer linked it to his theme of seeking earnings leverage back then.
“I actually want earnings leverage right now, which is why people like Citi and I like Wells Fargo and Morgan Stanley. State Street actually fits that too.”
State Street Corporation (NYSE:STT) has risen by 16.75% since that discussion.
8. Visa Inc. (NYSE:V)
Number of Hedge Fund Holders: 181
Visa Inc. (NYSE:V) is the world’s leading electronic payments company, handling trillions of dollars in transactions annually. Cramer was positive on Visa, citing improved visibility following a settlement at the time.
“I like Visa very much here. I like that settlement that was announced today. I think that’s actually going to clear their heads a little bit.”
Visa Inc. (NYSE:V) has performed strongly, up 20.41% since being featured.
Cramer remains bullish on Visa. Here are his comments from March 11:
“Watch fintech. Fintech bottoms before actual fin. Fintech is like the best place to be, you know Mastercard is a travel, travel related company. I would watch that. I would watch Visa. Another travel related company. Because those have been part of the cohort. If they can overcome travel and the Affirms of the world can overcome the buy-now-pay-later, you’re gonna see a rally. You will see a rally. “
7. Huntington Ingalls Industries Inc. (NYSE:HII)
Number of Hedge Fund Holders: 27
Huntington Ingalls Industries Inc. (NYSE:HII) is the largest military shipbuilder in the U.S.. The Mad Money host gave a positive take on its stock during the lightning round of that older episode.
“This is a very good Navy contractor that I’ve liked ever since the spin-off, which is now dating me years and years ago. It’s had a very big run, but I think it can go higher. It’s a winner, not a loser.”
Huntington Ingalls Industries Inc. (NYSE:HII) has fallen sharply, down 28.24% since Cramer spoke about it.
6. Chart Industries Inc. (NYSE:GTLS)
Number of Hedge Fund Holders: 47
Chart Industries Inc. (NYSE:GTLS) designs and manufactures highly engineered cryogenic equipment for the industrial gas and energy markets. Cramer recommended staying long when asked about Chart Industries back then.
“It is absolutely terrific. Sells at only 14 times earnings. You’re on to a good one—it’s very good for industrial gases.”
Chart Industries Inc. (NYSE:GTLS) has declined by 7.12% since that older episode.
On the 25th of November, Cramer highlighted that he recommended Chart Industries, Inc. (NYSE:GTLS) frequently since the first days of the show:
“Chart Industries makes highly engineered equipment used in the engineering and in the energy production process and it’s run up 57%. That’s the stock we used to recommend all the time when we first started the show. Once again, big moves there. I can’t say they’re unreasonable. These are three very profitable businesses, reasonable valuations. They’re about to face a much more benign regulatory environment.”
5. Walmart Inc. (NYSE:WMT)
Number of Hedge Fund Holders: 116
Walmart Inc. (NYSE:WMT) is the world’s largest retailer, known for its value pricing and global footprint. While talking about retailers back then, Cramer highlighted Walmart as the standout store at the time.
“Walmart’s rejuvenated itself like you can’t even believe. I urge you to go there—you’ll see prices like the old days with amazing overseas sources.”
Walmart Inc. (NYSE:WMT) has surged by 42.31% since that older commentary.
However, during the latest Mad Money episode on March 14, Cramer appeared a bit reserved and cautious about the stock, saying:
“I actually don’t like Walmart here. I think that the stock has moved up too much and we want to wait. And then if, and I’ll tell you the truth, maybe in the low $80s, no, maybe even the high $70s because right now retail’s a very hard thing to do. And the only retailer that I’m saying to buy right now is TJX. I like Costco, but TJX is much better than Walmart. Much better. I want you to sell the Walmart and buy TJX.”
4. Costco Wholesale Corporation (NASDAQ:COST)
Number of Hedge Fund Holders: 96
Costco Wholesale Corporation (NASDAQ:COST) is a leading membership-based warehouse club, known for its bulk goods and strong customer loyalty. Cramer pointed to Costco as another retailer thriving despite macro headwinds at the time.
“Costco is delivering insane numbers at a time when everyone’s supposed to be so cash strapped. They have the lowest prices and they’re doing a gigantic amount of business per store.”
Costco Wholesale Corporation (NASDAQ:COST) has gained 23.12% since it was highlighted in that episode.
Jim Cramer remains bullish. As of his latest comments on the 14th of March, he believes that Costco Wholesale Corporation (NASDAQ:COST) remains a very good business to buy, and that the recent dip was unjustified:
“Right now, the stock’s in free fall. Now why is that? Because these knucklehead analysts felt it was a bad quarter. They didn’t know how to read the, they didn’t know how to read the income statement and they certainly didn’t know how to listen to the conference call. This stock is now, when it’s a stock that’s in free fall, we’re going to let, what I like to do is tell people, wait, it’s going to tell you what to do… We’re going to wait till it settles and when it settles, we’re going to buy. But we just don’t know what level it’s going to settle. That’s what we do. It’s called patience.”
3. Target Corporation (NYSE:TGT)
Number of Hedge Fund Holders: 56
On the topic of retailers, Cramer also talked about Target Corporation (NYSE:TGT), a discount retailer offering general merchandise and groceries through a large store network. He called the stock a comeback story back then:
“Target just reported a sharply better-than-expected quarter—a marvel—which shows that this company’s still got it. Plus, the stock’s substantially cheaper than Walmart. I think Target can go much higher.”
Target Corporation (NYSE:TGT) has tumbled by 39.48% since Cramer’s comments.
Cramer advised his viewers on the 11th of March to be patient and wait for the stock to bottom:
“But I do feel that we have to see Target bottom at a 4% yield. We gotta see Walmart bottom.”
2. Williams-Sonoma Inc. (NYSE:WSM)
Number of Hedge Fund Holders: 40
Williams-Sonoma Inc. (NYSE:WSM) is a high-end home furnishings and kitchenware retailer. Cramer was impressed with Williams-Sonoma Inc. (NYSE:WSM) back then for proving naysayers wrong with strong margins and execution.
“CEO Laura Alber has this chain firing on all cylinders […] The combination of great merchandising and a fantastic e-commerce first strategy allowed Alber to crush the naysayer analysts.”
Williams-Sonoma Inc. (NYSE:WSM) has edged down by 1.96% since being discussed.
On December 19, Cramer discussed that Williams-Sonoma, Inc. (NYSE:WSM) is one of the companies offering value at a price and has great numbers as well.
“Darden joins three other premium value businesses, Williams-Sonoma, Ralph Lauren, and Lululemon. All had great numbers, also goods that cost a lot of money yet in each case, consumers recognize that their product is worth every penny. That’s why I call it premium value or value at a price. If you’re willing to pay up for quality, but you’re still somewhat cost-conscious, they got you covered.”
1. Dick’s Sporting Goods Inc. (NYSE:DKS)
Number of Hedge Fund Holders: 45
Cramer closed his retail segment with Dick’s Sporting Goods Inc. (NYSE:DKS), the largest U.S. sporting goods retailer. He highlighted the company’s ability to thrive even as Nike struggled at the time.
“Under the incredibly underrated Lauren Hobart, the company delivered a merchandise margin explosion. Nike getting trashed? Hey, no problem for Dick’s. Footwear was actually a bright spot.”
Dick’s Sporting Goods Inc. (NYSE:DKS) has slipped by 10.98% since that older episode.
Although Cramer appeared more cautious on retailers recently, he still admires the company. Here’s what he said on the 11th of March:
“We’re hearing disconcerting things from retail. Dick’s Sporting Goods, terrific company, reported excellent numbers but it’s CEO Lauren Hobart gave a very downbeat forecast. Why? Well here’s what she had to say: we are not seeing a weaker consumer now, we’re coming off fantastic Q4, our guidance reflects that there’s so much uncertainty in the world today, in geopolitical environment and macroeconomic environment we are just being appropriately cautious end quote.”
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