Jim Cramer Reveals Stocks Benefiting From Tariff Selloff & Discusses These 8 Stocks

6. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders In Q4 2024: 166

Apple Inc. (NASDAQ:AAPL)’s shares were hit quite hard during the post-tariff selloff. The stock dipped by 15.9% on Thursday and Friday due to the firm’s China exposure and the potential to be hit by retaliatory measures. China is one of Apple Inc. (NASDAQ:AAPL)’s largest smartphone markets, and investors were worried whether the firm could face action from the Chinese government. In his previous remarks, Cramer speculated that Apple Inc. (NASDAQ:AAPL) might secure a tariff exemption. Here are his latest thoughts:

“Does Apple have power? Can Apple go to Verizon and ATT and say listen you still want our phones to open accounts? I don’t know. I mean look ATT’s up today. All domestic.

“[On 54% China tariffs affecting the iPhone’s price] It’s bad. Look I’m not gonna tell you it’s good. It’s bad.

“If T-Mobile says listen this is our chance to get share from Verizon [by selling the iPhone]. . . it’ll be a joint hit [on T-Mobile and Verizon].”