We recently published a list of 10 Jim Cramer Stocks to Buy and Sell Now. In this article, we are going to take a look at where Louisiana-Pacific Corporation (NYSE:LPX) stands against other stocks that Jim Cramer discussed.
Jim Cramer in a latest program on CNBC talked about President Donald Trump’s attack on Federal Reserve Chair Jerome Powell and said he was expecting this to happen “weeks ago.” Cramer said that he “likes” Powell and thinks the central bank chief is now in a difficult situation. Cramer thinks it’d be “illegal” for Trump to fire Powell.
“The Federal Reserve never cuts rates when inflation’s out of control, which it very well could be once the tariffs are all in. I think the Fed chief wants to find out if that’s going to happen. I like Powell, you know that. I think he’s generally done a good job, a good public servant. Unfortunately, right now, he’s stuck between a rock and a hard place. Now, history says he should be doing exactly what he’s doing, but history is now in the eye of the beholder, and there’s only one beholder in this whole country, and it ain’t J. Powell.”
Cramer said that tariffs will result in higher prices, and that will in turn make the central bank’s job difficult because it cannot cut rates when prices are going up.
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.
For this article, we picked 10 stocks Cramer was talking about in his recent programs. With each stock, we have mentioned the number of hedge fund investors. 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).
A construction worker standing on a rooftop with a toolbelt in hand, looking out at a new home development in the background.
Number of Hedge Fund Investors: 39
A caller recently asked Jim Cramer about the building materials company Louisiana-Pacific Corporation (NYSE:LPX). Cramer recommended that the investor buy the stock.
“I think you should buy it here… could go higher. President’s probably going to announce tariffs against Canada for I know for lumber and LPX is going to go right up to $120.”
SouthernSun Small Cap Strategy stated the following regarding Louisiana-Pacific Corporation (NYSE:LPX) in its Q3 2024 investor letter: