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Jim Cramer says Iran war fears are crushing these stocks that should be winners
CNBC's Jim Cramer argues that Iran war fears are causing a sell-off in discount retail stocks that typically thrive when consumers tighten spending. Stocks like TJX, Dollar General, Ross Stores, and Five Below are falling despite strong fundamentals. Cramer warns that investors are reacting emotionally to war headlines and rising oil prices, missing potential buying opportunities. The broader implication is that geopolitical events can distort market behavior, creating mispricings for disciplined investors. However, prolonged conflict could further weaken consumer spending, potentially validating the sell-off.
MonitorConfidence: MediumShort term horizonGeopolitical risk: High
Published 11 May 2026, 23:55 UTC2 min read
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Summary
TL;DR
- Discount retailers like TJX and Ross Stores are falling despite typically outperforming in weak consumer environments.
- Cramer's Charitable Trust owns TJX and is considering buying more on the dip.
- Five Below, a purely discretionary retailer, has been 'slaughtered' despite historical resilience.
- The SPDR S&P Retail ETF fell roughly 3.6% on the day.
- Cramer cautions against trading on headlines and suggests investors rethink their bets.
Interesting facts
- Cramer's own portfolio includes TJX, and he sees the dip as a potential buying opportunity.
- Ross Stores posted strong results yet is one of the worst performers in the S&P 500.