Cramer's Morning Take: Johnson & Johnson 4/1/25

SPEAKER_1 (0:00)

Are you still quoting 30-year-old movies? Have you said, cool beans in the past 90 days? Do you think Discover isn't widely accepted? If this sounds like you, you're stuck in the past. Discover is accepted at 99 percent of places that take credit cards nationwide. And every time you make a purchase with your card, you automatically earn cash back. Welcome to the now. It pays to Discover. Learn more at discover.com/creditcardbased on the February 2024 Nelson Report.

Ryan Reynolds (0:28)

Ryan Reynolds here from Mint Mobile.

SPEAKER_3 (0:29)

The message for everyone paying big wireless way too much.

Ryan Reynolds (0:33)

Please, for the love of everything good in this world, stop. With Mint, you can get premium wireless for just $15 a month. Of course, if you enjoy overpaying, no judgments, but that's weird. Okay, one judgment. Anyway, give it a try at mintmobile.com/switch.

SPEAKER_3 (0:49)

Upfront payment of $45 for three-month plan equivalent to $15 per month required. Intro rate first three months only, then full price plan options available, taxes and fees extra.

Ryan Reynolds (0:56)

See full terms at mintmobile.com.

Jim Cramer (1:01)

Hey, it's Cramer, and this is my morning take on the market from today's CNBC Investing Club morning meeting. So I think that we got the worst case scenario was in the Washington Post this morning. We talked about just punitive tariffs all over the globe. Once that's out there, then if we get that, I think there's a possibility that we could be through the worst. And I think that's very important.

Jeff Marks (1:20)

So we're talking about the Post. They reported that the administration is considering a roughly 20% tariff on goods. So different from the reciprocal tariffs, right? This is a blanketed 20%.

Jim Cramer (1:34)

And that's very punitive. And that would be the beginning of, we think of just great, they tariff us, they go after our tech companies, we go back.

Jeff Marks (1:43)

So I guess the idea that maybe reciprocal wouldn't be as bad as feared, obviously, market pricing in fear. Maybe yesterday was pension buying, you did have a nice intraday reversal. Kind of like what we saw at the end of February as well. And we're giving that back today.

Jim Cramer (2:02)

Well, I mean, you know, what I would say is it is early. I had said on Squawk, I expect a retest. Now the Dow is much stronger than you think because you have, remember you have J&J in there. And I want to make a case, yesterday we talked about J&J, that you could buy J&J here because it's a $7 billion exposure that flows back in. I think it's a very interesting situation. The reason it's an interesting situation is if this is, I mean, I'm not going to come to you hard on this, but the stock is up 9 It does have more than 20 drugs that have a billion dollars. I think I can make a case that we should be buying J&J.

Jeff Marks (2:37)

So the news impacting J&J was the Texas Bankruptcy Court denied their settlement plan for TALC.

Jim Cramer (2:44)

Even though they had 88% of the plaintiffs agreed and wanted the $10 billion dollars that would have been coming their way, I do think, remember, they were reserved for 7 I think this is a really interesting opportunity, and I think people should take it. Believe me, I would, but we have a lot of stocks. We're not really interested in buying a new one.

Jeff Marks (3:05)

Well, yeah, I mean, look, the market is on edge waiting for the tariff announcement. The Journal said tariff has settled on a plan, but it won't reveal what is decided. So we should know, hopefully, tomorrow at the latest. Right. Tomorrow is when the hyped up liberation day that Chuck has been talking about.

Jim Cramer (3:23)

You know, I'm always a believer in get the worst case out. So if you get the worst case, then people know what to do. Start your day with my outlook on the market every morning. Visit cnbc.com/morningtake to become a CNBC Investing Club member at a special rate today.

Ryan Reynolds (3:42)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC, NBC Universal, or their parent company or affiliates, and may have been previously disseminated by Cramer on television, radio, internet, or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment, or strategy. You should be aware of the risk of loss in following any strategy or investment discussed in the content from Cramer. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.