What Did Jim Cramer Say About These 19 Stocks Recently?

18. General Motors (NYSE:GM)

Number of Hedge Fund Holders: 68

The auto industry is in trouble, according to Cramer, as tariffs on Canadian aluminum and steel are set to raise manufacturing costs dramatically. He warned that General Motors (NYSE:GM) and Ford (NYSE:F) could see their margins squeezed, saying:

“A 50% tariff on Canadian aluminum doesn’t work because there’s no new source to replace it. Wherever we get aluminum, it’s going to be a lot more expensive, raising the price of cars and trucks dramatically, really hurting GM’s profits; Ford’s too. I don’t think it’s a mistake to say that the auto companies are in real trouble with a 50% tariff on Canadian steel and aluminum. You certainly can’t own their stocks.”

General Motors Company (NYSE:GM) is an American multinational automotive manufacturing company that is best known for its automobile brands which include Chevrolet, Buick, GMC, and Cadillac. The company is strategically focused on advancing its EV portfolio while also integrating new technologies into its vehicles. In Q4 2024, General Motors Company (NYSE:GM) saw a 21% increase in overall sales compared to Q4 2023, with EV sales surging by an impressive 50%. For the full year 2024, EV sales were up by 125%. General Motors Company (NYSE:GM) doubled its share in the EV market over the year and reported consistent growth in EV sales throughout 2024.