CNBC’s Jim Cramer recently delved into the performance of the five worst-performing stocks on the Dow Jones Industrial Average during the first quarter. Among the companies he highlighted were Boeing, Nike, Intel, Apple, and UnitedHealth.
Cramer expressed his thoughts on these underperforming stocks, suggesting that while a three-month period may not be enough to see a significant turnaround, some companies are laying the groundwork for potential growth. He pointed out specific levels where these stocks could become enticing for investors.
Starting with Boeing, Cramer noted the company’s recent string of high-profile malfunctions and labeled it as a potential long-term underperformer. Nike, on the other hand, faced concerns in the competitive shoe market, especially in the U.S., where consumers are becoming more price-conscious.
Intel, according to Cramer, may see a rally due to favorable comparisons from the previous year, with UBS raising its price target on the stock. Apple, despite challenges in China and a possible inventory bubble, remains a long-term winner in Cramer’s eyes, thanks to its strong management team.
Lastly, UnitedHealth Group struggled with higher medical costs, but Cramer expressed confidence in the company’s management and its potential for a rebound. Despite the challenges faced by these companies, Cramer emphasized the importance of understanding the market dynamics and the need for a compelling narrative to attract investors.
In a market that demands a pristine story, these underperforming stocks may have some hurdles to overcome, but Cramer’s analysis sheds light on potential opportunities for investors willing to take a closer look.