Jim Cramer Discusses These 13 Stocks & Says Calm Down Everyone

8. PACCAR Inc (NASDAQ:PCAR)

Number of Hedge Fund Holders In Q4 2024: 39

PACCAR Inc (NASDAQ:PCAR) is an American truck manufacturer headquartered in Bellevue, Washington. As a result, its shares depend on economic activity which makes it unsurprising that they have lost 15% over the past year and 4% year-to-date. PACCAR Inc (NASDAQ:PCAR)’s stock dipped by 11% in March after the Environmental Protection Agency (EPA) said that it would reevaluate the Biden administration’s rules. This generated fears that advance demand for PACCAR Inc (NASDAQ:PCAR)’s products might not surface. Cramer’s comments were in line with this news:

“[On stock moving after EPA’s latest comments] Well, they’ve always, anytime there has been like a tightening of the rules, they always, these companies have done well in pre buy. It’s like wow, I can go buy all the engines now before the tariffs so to speak of the EPA. And they lost that wind behind their back.

“[On whether the share performance is a function of transport stocks] Well, the transport’s, are not good. Uh, look, you don’t know what the traffic’s going to be coming from Mexico or Canada. You don’t know who to, what the tariffs, is the tariff going to be at the border? Is the tariff going to be on what is the final sale? Well let’s just pull back.”