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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:
“The worst performers in the Dow include stocks that … have both hair and flies on them, in a market that demands a pristine story,” he said. “And there’s nothing pristine about this list; do not kid yourself.”
Despite the poor performance, Cramer believes these companies could be at a turning point and suggested that investors keep an eye on them.
Why It Matters: Investors are currently contemplating their next moves following a stellar first quarter for the S&P 500, which marked one of the index’s best starts in decades. This has led to a rise in demand for “Black Swan Events.”
Earlier, Cramer highlighted the role of share count reduction behind more than half of the S&P 500 stocks achieving new 52-week highs in the first quarter. This suggests that even struggling companies could see a turnaround with the right strategies.
On a related note, Cramer recently called GameStop Corp (NYSE:GME) the “worst company in America” after the video game retailer reported weak financial results for the fourth quarter.
Photo: Courtesy of Scott Beale on Flickr
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