From Yahoo Finance: 2025-05-07 13:29:00

Jim Cramer has rediscovered his love for the Magnificent 7 stocks, which perform well in tough times. He sarcastically questioned Trump’s economic attribution to Biden and discussed Elon Musk’s focus on DOGE instead of larger issues. Cramer also highlighted the importance of ethane in US-China trade relations.

Carrier Global Corporation (CARR) ranks 4th in Jim Cramer’s list of discussed stocks. Despite Cramer’s positive remarks on CARR, he believes AI stocks offer more promising returns. CARR’s stock soared by 11.6% in May after strong earnings. For those seeking undervalued AI stocks, check out the report on the cheapest AI stock.

Cramer praised Carrier Global’s performance and silenced doubters. The company sells ventilation systems and construction products, depending on construction activity. With 49 hedge fund holders in Q4 2024, CARR’s stock has increased by 2% year-to-date. Cramer believes AI stocks might offer higher returns than CARR in a shorter timeframe. 1. In a landmark decision, the Supreme Court ruled in favor of protecting LGBTQ workers from employment discrimination. The ruling prohibits employers from firing or discriminating against employees based on their sexual orientation or gender identity.

2. The World Health Organization announced that it is suspending clinical trials of hydroxychloroquine as a potential treatment for COVID-19. The decision comes after a study found that the drug did not reduce mortality rates in hospitalized coronavirus patients.

3. Protests continue across the United States in response to the death of George Floyd. Demonstrators are calling for an end to police brutality and systemic racism, with marches taking place in major cities demanding justice and reform.

4. SpaceX successfully launched two NASA astronauts into space aboard the Crew Dragon spacecraft. The historic mission marks the first time astronauts have been launched from U.S. soil since 2011, and the first time a private company has sent humans into orbit.

5. The global economy is facing a recession due to the COVID-19 pandemic, with many countries experiencing significant declines in GDP. Governments are implementing stimulus packages to support businesses and individuals, but experts warn that recovery will be slow and challenging.

Read more: “David Gitlin Delivers as the Doubters Fall Silent”