In this piece, we will look at the stocks Jim Cramer recently discussed.
In his appearance on CNBC’s Squawk on the Street on Thursday, the day after President Trump unveiled his tariffs to reset America’s trade policies, Jim Cramer shared what will follow the tariffs. According to Cramer, the tariffs are just the first piece of the President’s economic strategy. He commented:
“I think that next is the tax cut that we get because there will be a lot of revenue because as David said they can’t move. No, look, when the mills come back, they’re made up of robots. That’s just the way it is.”
As to what consumers should do before the tariffs hit, Cramer believes that “You buy an iPhone. Yes. And you buy a car,” as these products are likely to see the steepest price increases once the rules make their way into supply chains.
The CNBC host also commented on what might happen to the auto industry as tariffs potentially raise prices and affect demand. According to Cramer:
“Well Q2 it depends on where we are in terms of the drop off. But autos, you know, you gotta buy a car now. I mean, it’s a great time to buy a car. Used car prices will spike.”
He also shared his thoughts on whether Deutsche was right about the tariff rollout and calculations presenting a larger risk about decision-making in the Trump administration “Well no, it’s just they don’t want you to, they want you to come back here as they just made it so that wherever you go, it’s bad,” said Cramer.
As to whether the tariffs are a negotiating strategy employed by the President to secure favorable trading terms, Cramer doesn’t believe so. “There’s no negotiations. You just, this is it. . . it’s not a negotiation,” he believes.
According to Cramer, firms that shifted manufacturing to Vietnam, he pointed out that businesses that shifted supply chains were proven wrong. “And I gotta tell you, that’s turned out to be the one that people thought if we go to Vietnam we’re safe. And it was just dead wrong,” he said.
Cramer also commented on whether Chinese companies putting factories in Mexico might let them evade tariffs. As he believes that the new rules are quite airtight, this won’t be the case according to him:
“No, they’re getting away with it right now. I don’t think they’re gonna get away with. Mexican parts is a really big flashpoint for the American companies and they don’t know the answer. Even the top people don’t know the answer about the Mexican parts. And how it’s gonna play out.”
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 April 3rd.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. Target Corporation (NYSE:TGT)
Number of Hedge Fund Holders In Q4 2024: 56
Target Corporation (NYSE:TGT), a discount retailer, struggled in 2024 as its customers preferred larger rivals such as Walmart and Costco. Year-to-date, the shares are down by 30% as weak earnings and overall bearishness for retailers have dampened investor sentiment. During Thursday’s selloff, Target Corporation (NYSE:TGT)’s shares dipped by 10.9% as investors shunned stocks with retail and China exposure. Commenting on the selloff, Cramer shared:
“Target has 11 brands, billion dollars, a lot of them, they are sourced all overseas. Not a winner. No pricing power.” But then we have to come back and say maybe Target should stay down but Costco should go up. So there’s like a secondary look at things.”
9. Dell Technologies (NYSE:DELL)
Number of Hedge Fund Holders In Q4 2024: 63
Dell Technologies (NYSE:DELL) is a computer hardware company that is a frequent part of Cramer’s morning show. Before the selloff, he had focused primarily on the firm’s CEO Michael Dell and his mega AI plans. However, as the tariffs approached, Cramer continued to share that Dell Technologies (NYSE:DELL) was heavily exposed to any inflationary pressures. The firm’s shares dipped by 19% as investors shunned the shares due to China exposure. Here is what Cramer said as the shares dipped:
“I think that Dell thought that they were going to have, they had very positive meetings. . . some of these companies had very positive meetings with the President.”
“I’m just saying that money’s going to gravitate from places that had been like Dell . . .”
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