I'm expecting a digestion of the weekend's war damage in Iran on Monday, says Jim Cramer
Speakers
Jim Cramer -- Host of 'Mad Money'
— CNBC host, Mad Money
Summary
- Jim Cramer expects Monday's market to digest weekend war damage in Iran, with spillover effects on allies in the Gulf.
- He argues Iranian drone and missile attacks remain a persistent threat, even if other military assets like navy or air force are degraded.
- Speculates that a decisive US escalation could allow dictating terms, but current war progress appears limited.
- Highlights Levi's (Levi Strauss & Co.) as undervalued, with consistent earnings delivery not reflected in its stagnant ~$19 stock price.
- Levi's reports earnings next Tuesday after the close; Cramer anticipates "more than respectable" results from CEO Michelle Gass.
- Questions whether strong earnings will impact the stock, pointing to a market disconnect.
- Notes holiday-shortened trading week with no session on Good Friday.
Trade Ideas
Cramer explicitly stated Levi's keeps delivering respectable earnings, but the stock price remains around $19 as if performance is poor. There is a clear disconnect between the company's fundamental execution and its market valuation, with earnings report due next Tuesday. WATCH because the upcoming earnings could act as a catalyst to reassess valuation, but uncertainty exists on whether it will move the stock. Market indifference to positive earnings persists, maintaining the valuation gap.
Up Next
This CNBC video, published April 02, 2026, features Jim Cramer discussing LEVI. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Jim Cramer · Tickers: LEVI