Jim Cramer Shed Light on These 10 Stocks

3. General Motors Company (NYSE:GM)

Number of Hedge Fund Holders: 68

Cramer discussed the reason behind General Motors Company (NYSE:GM) stock being inexpensive as he said:

“I just cringe now when the president talks about this stuff. Again, not because I’m against tariffs, I’m in favor of tariffs. I like targeted tariffs. For example, it’s outrageous that China exports steel to Mexico in order to evade our tariffs and then ships the steel here. Gotta try to close that back door. But what do we do with the cars? When we make in the United States, they go back and forth over Mexico border when we make them.

We don’t know and that’s a big reason why General Motors trades at less than five times earnings, just extraordinary cheap. It’s a big reason why CEO Mary Barra announced a $6 billion buyback today. The stock, which is down 9% for the year, had a quick bounce, but it gave up a big chunk of it.”

General Motors (NYSE:GM) develops, produces, and markets a wide range of vehicles and automotive components, in addition to providing software-based services and subscriptions. Its vehicle lineup features brands such as Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling.