J.M. Smucker (SJM) Stock Plunge: Cramer Reacts
The J.M. Smucker Company (SJM) has experienced a significant downturn, drawing reactions from analysts like Jim Cramer.
Key Takeaways
- Stock Drop: SJM's stock fell sharply after a disappointing earnings forecast.
- Earnings Miss: Revised earnings per share guidance missed analyst expectations, leading to a 14% year-to-date decline.
- Inflationary Pressures: Management cited potential tariff impacts on green coffee and ongoing inflation.
- Hostess Acquisition: Cramer voiced concerns about the Hostess acquisition and its subsequent write-down.
Cramer noted the impact of weight loss drugs on consumer behavior and its potential consequences for Smucker's portfolio. While acknowledging SJM as an investment, the article suggests AI stocks may offer greater return potential.
