Jim Cramer says the recent pin action in Levi's stock has created a buying opportunity for investors.
"Guys, now what can I tell you. At $18, you're getting a bargain," Cramer said.Catch the discussionPresident Donald Trump listens to a question from the news media as he sits behind the Resolute Desk in the Oval Office of the White House in Washington, July 26, 2019.Cramer said that investors should be prepared for the United States to slap another round of tariffs on Chinese imports.
The market would have finished much lower during the session if it weren't for optimism that the Federal Reserve will cut interest rates on Wednesday, he said. "If the trade war with China escalates again, we're going to need these rate cuts," Cramer said. "Taunting does not a trade policy make. But it sure does sound like we're about to get another round of tariffs."Jim Collins, CEO of Corteva Agriscience, a former division of DowDuPont, rings the opening bell at the New York Stock Exchange, June 3, 2019., but Cramer suggested that investors should wait for brighter days before investing in the agribusiness.
"I hope they will deliver a better-than-feared quarter when it reports on Thursday, but hope should never be part of the equation," the host said. "As much as I do like the company ... the sector is having a very rough time."
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