Jim Cramer On 9 Stocks That Are Rallying Despite Tariff Worries

5. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 76

Starbucks Corporation (NASDAQ:SBUX) is a well-known international brand that specializes in roasting, marketing, and selling coffee, along with a wide range of beverages, coffee beans, and food products in its locations. Talking about the company, Cramer said:

“There’s some real crazy stuff that happened today. If you offered a value meal, your stock went up higher. Brinker, Darden, Dutch Bros, McDonald’s, Starbucks, they all moved higher.”

Cramer recently highlighted Starbucks (NASDAQ:SBUX) as one of the best-performing stocks of the S&P 500 in January and explained:

“Hey, by the way, let’s have an honorable mention for Charitable Trust holding Starbucks, that was sixth in the S&P 500 last month. It gained 18% primarily because of a big move last Wednesday after the company reported a better-than-feared quarter with positive commentary from new CEO, Brian Niccol, formerly of Chipotle. While the stock moved a lot since Niccol was announced its new CEO last August, I’d still much rather bet with him than bet against him even up here.”