In a recent broadcast, we shared a comprehensive analysis of Jim Cramer’s complete warning regarding Black Monday, along with insights on ten specific stocks. This article delves deeper into Kraft Heinz Company (NASDAQ:KHC) as we compare its performance with other stocks highlighted by Cramer.

During his appearance on CNBC’s Squawk on the Street last Friday, as markets experienced a significant downturn for the second consecutive day, Cramer provided his insights on the unfolding economic situation. He pointed out that China's recent decision to implement reciprocal tariffs was ushering in a challenging and retaliatory global trade environment. Cramer expressed his thoughts about this development stating, “Well, I think we are in a tit for tat environment. I think that when you look at what they are gonna bang us first, it’s gonna be agriculture. It won’t feel that much, and the President and Congress will give them checks because that’s what we do as a country, a practice that dates back to 1933. Beyond that, I believe technology might be the next target, possibly leading to unfavorable investigations.”

Despite his longstanding support for tariffs against other nations, arguing that American companies face unfair restrictions when attempting to sell their products internationally, Cramer expressed disappointment in how the situation has been managed. He stated, “We can go further into how poorly we’ve handled this situation. I’m willing to elaborate on that. It’s truly disheartening for those of us who advocate for fair trade and appropriate tariffs. We’re still grappling with the specifics of what they were doing. My long-held position could have evolved into something great, yet the mismanagement has been extraordinary.”

One of Cramer’s most alarming comments during the show revolved around the potential implications of the recent market selloffs. He questioned whether the downturns observed on Thursday and Friday were precursors to a more severe crisis. He provided a sobering historical perspective by reflecting on past market crashes, stating, “Okay, so on Wednesday, October 14th, I don’t know if I have to mention the year, the Dow was down 3.8%. On Thursday, October 15th, the Dow dropped by 2.4%. On Friday, October 16th, it fell 4.6%. If the downward trend continues, we might see the Dow falling by as much as 22.6% on Monday. That’s the trajectory we’re on unless the President changes course. That’s a Black Monday scenario, similar to what we witnessed in 1987. It’s a valid analogy. We can also compare it to the situations in April 2000 and March 2020, which were among the worst market declines. I was hoping for a more favorable outcome, but the best I can reference is the events of March 2020 when there was a significant downturn. April 2000 witnessed a major shift away from technology stocks into more stable companies like Bristol Myers and Coca-Cola, but that wasn’t immediate.

Even Cramer’s co-host, Carl Quintanilla, reflected shock at the weight of Cramer’s warnings, prompting him to inquire whether Cramer was indeed signaling a real market crash. In response, Cramer cautioned that if investors were trying to 'bottom fish' on Thursday and Friday back in 1987, they would have ended up 'sleeping with the fishes' by Monday.