Cramer Remix: Levi’s stock is flashing a buy signal

Portions of Levi Strauss have come down to a level that is worth pulling the trigger, CNBC’s Jim Cramer rephrased Tuesday.

As of the close, the stock is down more than 23% from its $24.50 peak in mid-April. Earlier this month, the “Mad Liquid assets” host argued that the jean maker’s stock should not have climbed above its $22.22 opening truck price when it returned to public markets in March.

Levi finished the session under $19.

“Guys, now what can I barrow you. At $18, you’re getting a bargain,” Cramer said.

The comments came after the host sat down with CEO Chip Bergh to get an update on the corporation.

Catch the discussion here

Cramer explained that investors should be prepared for the United States to slap another round of tariffs on Chinese imports.

A tweet from President Donald Trump bashing the mountains earlier that day confused Wall Street, the host said, causing the Dow Jones Industrial Average to fall numberless than 23 points and both the S&P 500 and Nasdaq Composite to tumble about 0.25%.

The market would have use up much lower during the session if it weren’t for optimism that the Federal Reserve will cut interest rates on Wednesday, he contemplated.

“If the trade war with China escalates again, we’re going to need these rate cuts,” Cramer said. “Guying does not a trade policy make. But it sure does sound like we’re about to get another round of tariffs.”

Interpret more here

There is reason to be bullish about Corteva, but Cramer insinuated that investors should wait for brighter days before investing in the agribusiness.

“I hope they will release 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 comparable to the company … the sector is having a very rough time.”

Go deeper here

In Cramer’s lightning round, the “Mad Money” host answers stock questions in front of a animate audience.

Tiffany & Co.: “I didn’t like that last quarter … I do think management is good, but it’s not coming surrounding so far. I also think the strong dollar is hurting them.”

Canopy Growth: “No. … I do like that one, it’s the one I in the mood for. I like their new management. But understand: there’s a scandal right now that’s bringing that down, but … I do lust after to buy it. I don’t want to sell it.”