In this piece, we will look at the stocks Jim Cramer recently discussed.
In a fresh appearance on CNBC’s Squawk on the Street, Jim Cramer started the show by sharing his thoughts on President Trump’s tariffs against Canada and Mexico. Cramer was surprised that markets were reacting negatively to the news as Trump had promised similar actions during his election campaign. “Well, first I mean, he said this over and over again. And if you didn’t take him seriously, I don’t know what you were thinking,” Cramer shared. “I mean this is what you elected, okay. You elected this, you elected the idea that we have too many people coming from Mexico. You elected the fentanyl. You elected that we have a strong stand against China,” he added.
However, Cramer wondered “Did you elect the Canada? That’s a little bit more harder to understand. But I just think well what were you worried about other than the fact he was going to do this.” Tying the President’s election promises into market performance, he outlined “So the market was way too high, but even last night, as soon as this came out, NASDAQ was down 2.6%. Now it’s come back. I think it has to revisit that level, David.”
The CNBC host also cautioned against reading too much into negativity. He shared that “I was watching someone on Frank’s show this morning, 5 o clock, and the person was basically, she was like [an] end of the world-er.” However, Cramer’s “Not an end of the world-er. I think it’s going to be a rough day, the market will. . . one point off a percent and a half of off the high, take it in.”
As to the impact on the US from the tariffs on Canada when it comes to oil, Cramer believes that it can be limited. According to him “It’s oil but it’s only ten percent. They have one terminal that exports in Vancouver. So the oil is going to get ten percent, arguably maybe even we drill more.”
Cramer also believes that President “Trump thinks that Canada is taking advantage of us. Wants that to stop.” As for what he believes, he shared “We have a bad trade deficit with them. We have a trade deficit with Mexico. I think that you can play the obvious ones. The autos are really kind of trying to figure out how much their cars cost.” The host also wondered about the end goal of the President’s tariffs. “I don’t know whether he [Trump] wants Volkswagen to say listen we make fifty thousand cars in Puebla, we’re going to build a plant here,” Cramer said. He added “I mean I think the only way to alleviate it is to say you’re going to build a plant. That takes a long time.”
One announcement that left him confused was the one about 10% tariffs on China, which were quite low compared to the 25% announced on Canada and Mexico. According to Cramer:
“I think that Canada and Mexico can come down. But China, whose really gift. China can go up. I felt China was, listen guys, ten percent’s real low. Come to the table, but we will raise it. So I think the difference is, that Mexico, Sheinbaum they have to talk. Canada they come down. But this was a gift to China. Why don’t people realize it was a gift to China.”
Delving deeper, he outlined:
“I think China can say, holy cow, we’ve gotta come to the table. Or we could get what happened to Canada. . . .the hardliners lost. I think the hardliners lost here. The hardliners wanted a much higher tariff on China. They wanted things shut down.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on February 3rd.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds invest in? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
10. Nucor Corporation (NYSE:NUE)
Number of Hedge Fund Holders In Q3 2024: 32
Nucor Corporation (NYSE:NUE) is an American steel company that is the largest of its kind in the country. Throughout 2024 and the first month of 2025, two themes have driven the firm’s narrative. These are cheap Chinese steel driving down prices to hurt Nucor Corporation (NYSE:NUE)’s revenue and the tussle between US Steel, Cleveland Cliffs, and the former US administration over Japanese firm Nippon’s attempt to buy US Steel. In his latest remarks covering Mexican tariffs, Cramer commented that Nucor Corporation (NYSE:NUE) could benefit:
“I think Navarro would have said, look, we have got to stop whatever China is doing. We have to put a tariff on China. But we also have to stop steel coming from Mexico in particular because they’re sneaking their, the Chinese are sneaking their steel in. That’s what it’s about. That’s why Nucor goes higher. Yeah. Buy some Nucor.
“. . . .I think Nucor’s good. I talked with Nucor last week. Anything that makes it so that, that we don’t have Mexican steel, there is no Mexican steel to speak of, it’s Chinese steel through Mexico. That’s what they do. That’s what they do.”
9. Constellation Brands, Inc. (NYSE:STZ)
Number of Hedge Fund Holders In Q3 2024: 36
Constellation Brands, Inc. (NYSE:STZ) is an alcoholic beverage company that sells beer and other products. Cramer has talked about the stock in quite detail this year. He believes that Constellation Brands, Inc. (NYSE:STZ)’s management isn’t taking seriously the fact that there appears to be a secular shift in the market against alcoholic beverages. He also believes that the firm has to reduce prices if it wants to reignite demand. In his latest remarks, Cramer continued to be pessimistic about Constellation Brands, Inc. (NYSE:STZ):
“Well, sell Constellation Brands. They had no clue of what was happening. Sell it.”