Cramer on CEO reaction to China trade war — some think Trump is ‘stupid,’ others want to stop him

Reaction from American chief executive officers to the escalating U.S. trade war and stalled trade talks with China ranges from thinking President Donald Trump is “stupid” for taking such a hard line to thinking they can actually stop him, CNBC’s Jim Cramer said Friday. “There are some CEOs who think Trump is stupid and that this is all bad and it will go away in the election,” Cramer said on “Squawk on the Street. ” Cramer continued, “Then there are CEOs who have been trying to get into China f


Reaction from American chief executive officers to the escalating U.S. trade war and stalled trade talks with China ranges from thinking President Donald Trump is “stupid” for taking such a hard line to thinking they can actually stop him, CNBC’s Jim Cramer said Friday. “There are some CEOs who think Trump is stupid and that this is all bad and it will go away in the election,” Cramer said on “Squawk on the Street. ” Cramer continued, “Then there are CEOs who have been trying to get into China f
Cramer on CEO reaction to China trade war — some think Trump is ‘stupid,’ others want to stop him Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: berkeley lovelace jr jessica bursztynsky, berkeley lovelace jr, jessica bursztynsky
Keywords: news, cnbc, companies, president, think, china, trade, companies, going, cramer, ceo, ceos, week, trump, reaction, tariffs, stop, stupid, war


Cramer on CEO reaction to China trade war — some think Trump is 'stupid,' others want to stop him

Reaction from American chief executive officers to the escalating U.S. trade war and stalled trade talks with China ranges from thinking President Donald Trump is “stupid” for taking such a hard line to thinking they can actually stop him, CNBC’s Jim Cramer said Friday.

“There are some CEOs who think Trump is stupid and that this is all bad and it will go away in the election,” Cramer said on “Squawk on the Street. ” “There are CEOs who say, ‘You know what, we’re not going to let this happen.'” Cramer continued, “Then there are CEOs who have been trying to get into China for years — and never been allowed — and they’re the companies, the companies going higher.”

Cramer also speculated Friday that Trump does not want “sincere talks” with China over trade because the president feels like he has “got them on the run” and “feels this is how you get re-elected.”

Last week, Cramer reported people were saying that U.S. companies that did not reduce their China exposure after months and months of watching Washington and Beijing clash over trade and economic issues have only themselves to blame.

The Trump administration, at 12:01 a.m. ET last Friday, increased duties on $200 billion worth of Chinese products from 10% to 25%. On Monday, in retaliation, China announced plans to raise tariffs rates on $60 billion in U.S. goods. The president has also been threatening all along to put tariffs on the rest of China’s imports.

Wall Street has been concerned higher tariffs could eventually harm U.S. businesses, especially those with lots of exposure to China. The moves from the Trump administration led to a massive sell-off to start the week. But stocks clawed back most of their losses through Thursday’s close.

Cramer on Friday said, “Why is everyone so confused by these [China moves from Trump]? I don’t think he could be more clear. He’s saying, ‘Listen, I’m not going to do what the previous presidents have done.'”

“Trump doesn’t want American companies to do business with China,” the “Mad Money” host added. “Trump doesn’t want any sort of effort that makes China militarily better, that makes them ahead of us in terms of 5G,” the next generation wireless technology.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: berkeley lovelace jr jessica bursztynsky, berkeley lovelace jr, jessica bursztynsky
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Margrethe Vestager: Facebook breakup would be solution of last resort

Cramer on CEO reaction to China trade war — some think Trump is…”There are some CEOs who think Trump is stupid and that this is all bad and it will go away in the election,” CNBC’s Jim Cramer says. Marketsread more


Cramer on CEO reaction to China trade war — some think Trump is…”There are some CEOs who think Trump is stupid and that this is all bad and it will go away in the election,” CNBC’s Jim Cramer says. Marketsread more
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Margrethe Vestager: Facebook breakup would be solution of last resort

Cramer on CEO reaction to China trade war — some think Trump is…

“There are some CEOs who think Trump is stupid and that this is all bad and it will go away in the election,” CNBC’s Jim Cramer says.

Markets

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Cramer’s week ahead: A slate of retail earnings reports could shed light on the China trade impact

CNBC’s Jim Cramer on Friday said he expects more of the same in the week ahead of stock trading. “Next week, once again, is all about trade and retail,” the “Mad Money” host said. “This is the week when most retailers report, so we will be listening closely to what they say about the trade war.” Monday: Trade watchThe stock market will confront the same issues on Monday as the week prior. Tuesday: Home Depot, TJX, NordstromHome Depot: The home improvement retail giant reports earnings before the


CNBC’s Jim Cramer on Friday said he expects more of the same in the week ahead of stock trading. “Next week, once again, is all about trade and retail,” the “Mad Money” host said. “This is the week when most retailers report, so we will be listening closely to what they say about the trade war.” Monday: Trade watchThe stock market will confront the same issues on Monday as the week prior. Tuesday: Home Depot, TJX, NordstromHome Depot: The home improvement retail giant reports earnings before the
Cramer’s week ahead: A slate of retail earnings reports could shed light on the China trade impact Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: tyler clifford
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Cramer's week ahead: A slate of retail earnings reports could shed light on the China trade impact

CNBC’s Jim Cramer on Friday said he expects more of the same in the week ahead of stock trading. “Next week, once again, is all about trade and retail,” the “Mad Money” host said. “This is the week when most retailers report, so we will be listening closely to what they say about the trade war.”

Monday: Trade watch

The stock market will confront the same issues on Monday as the week prior. The days following will see a lot of retailers hold conference calls, and Cramer is looking to see what they have to say about tariffs on Chinese imports. “The market will punish companies that source in China and reward companies that don’t, because that’s what [President Donald Trump] is doing,” he said.

Tuesday: Home Depot, TJX, Nordstrom

Home Depot: The home improvement retail giant reports earnings before the bell. Cramer is expecting weather to weigh on earnings again. “There’s much too much rain this gardening season, and I bet that hurt them,” he said. “I still believe Home Depot can tell a decent story about trade, but it won’t matter if gardening season, their equivalent of Christmas, turns out to be a bit of a bust.” TJX: The T.J. Maxx parent delivers its quarterly results to shareholders in the morning. Nordstrom: The luxury department chain has an earnings call at the end of trading. The stock is down more than 20% this year and more than 27% in the past 12 months. “At these levels, it pays you a 4% yield. I think it may be too cheap to ignore,” Cramer said.

Wednesday: Lowe’s, Target

Lowe’s: Lowe’s, the main rival to Home Depot, presents its quarterly earnings before the market opens. CEO Marvin Ellison is guiding the home rehab chain through a turnaround. “Wall Street loves Ellison, though,” Cramer said. “If Lowe’s gets hit, either before or after the quarter, I’d be a buyer of the stock.” Target: Target comes out with its latest results before trading begins. The stock is about $20 per share off its September high and has a 3.6% yield. “I know it’s battling both Walmart and Amazon, which might be too much competition for any one company, ” Cramer said. “But I think CEO Brian Cornell’s doing a terrific job. You know what, I like the stock here.”

Thursday: Best Buy, Splunk

Best Buy: The tech gadget store reports earnings in the morning. The stock is up 30% this year, and Cramer is warning not to take a chance on it at current levels. “I’m betting they’re going to have to talk about tariffs on the whole darned conference call,” he said. Splunk: The software analytics company, one of Cramer’s “Cloud King” stocks, presents its financial report after the market closes. Cramer expects Splunk to put up a good conference call out of CEO Doug Merritt. He said Merritt continues to deliver on promises. “I like it a lot. … [It’s got] no China exposure — I say buy,” he said.

Friday: Foot Locker

Foot Locker: The shoe retailer will lay out its quarterly report for investors before stocks start trading. With a presence in shopping centers across the country, Foot Locker carries Nike, Adidas, Under Armour and a range of other sports apparel brands in its stores. “The stock’s been held back by trade war worries,” Cramer said. “I bet it will prove to be immune, or at least more immune than most people think.”

WATCH: Cramer breaks down the week ahead in earnings


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: tyler clifford
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Cramer: Trump no longer cares if his China policies hurt American businesses

President Donald Trump has practically “blacklisted” Chinese telecommunications giant Huawei and made it crystal clear that he does not want American companies doing business with the country, CNBC’s Jim Cramer said Thursday. “Huawei has the best technology for the 5G wireless infrastructure build-out, but without components from American suppliers, that technology just doesn’t work. The move bans American businesses from buying equipment from Huawei and requires a special license to sell compon


President Donald Trump has practically “blacklisted” Chinese telecommunications giant Huawei and made it crystal clear that he does not want American companies doing business with the country, CNBC’s Jim Cramer said Thursday. “Huawei has the best technology for the 5G wireless infrastructure build-out, but without components from American suppliers, that technology just doesn’t work. The move bans American businesses from buying equipment from Huawei and requires a special license to sell compon
Cramer: Trump no longer cares if his China policies hurt American businesses Cached Page below :
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Cramer: Trump no longer cares if his China policies hurt American businesses

President Donald Trump has practically “blacklisted” Chinese telecommunications giant Huawei and made it crystal clear that he does not want American companies doing business with the country, CNBC’s Jim Cramer said Thursday.

That tanked the shares of a group of chipmakers — Qualcomm, Skyworks Solutions, Broadcom, Micron, and Xilinx — as much as 7.3%, he argued.

“Huawei has the best technology for the 5G wireless infrastructure build-out, but without components from American suppliers, that technology just doesn’t work. They’re gonna get beat,” the “Mad Money” host said. “It could be the end for Huawei’s 5G leadership. That’s a huge blow to this pioneering company that many in the industry actually feel is nothing but an arm of the [Chinese] Communist Party.”

On Wednesday, the Trump administration made a national emergency via executive order to regulate any business dealing with information or communications technology that “poses an unacceptable risk to the national security of the United States.” The move bans American businesses from buying equipment from Huawei and requires a special license to sell components to the company, Cramer highlighted.

The semiconductor exchange-trade fund, which tracks chip stocks, slid 1.4%.

“This was a major escalation from the White House. Trump did the same thing to a smaller Chinese company not that long ago, ZTE, although he quickly walked it back,” Cramer said. “This one feels different … It’s clear the president no longer cares if his actions hurt major American businesses.”

Although several semiconductor names took a hit in the session, the major U.S. indexes all gained less than 1%. The Dow Jones Industrial Average added about 214 points, while the S&P 500 and Nasdaq Composite gained 0.89% and 0.97% respectively.

“It’s not that we rallied. It’s that the components of the rally actually made a ton of sense,” Cramer said. “This was a day where we separated the China winners from the China losers, and that allowed many stocks to roar based on good old-fashioned earnings per share.”

Cisco popped 6.7% and Walmart, which has exposure to China, climbed 1.43%. The host called them the “surprise winners.”

Cramer said many expected Cisco to stumble, but the networking equipment maker beat earnings and revenue estimates. Walmart, which has been investing in its digital business and other areas, provided better-than-expected earnings per share and grew U.S. sales by 3.4%.

“They expressed a degree of immunity to the tariffs that stunned Wall Street,” Cramer said. “These companies were widely perceived to be caught in the Chinese crossfire. Turns out that’s just not quite true.”

That’s unlike the assets of Ralph Lauren and Macy’s, who finished another day in the red. Earlier this week, their shares rallied off good quarterly reports but fell after revealing their exposure to China.

Cisco CEO Chuck Robbins told shareholders that they see minimal impact from tariffs on Chinese imports after preparing for the worse six months ago and shifting sourcing out of the country.

Walmart has warned that it will have to raise its prices if Trump goes through with his promises to slap another 25% tariff on $300 billion, on top of the existing $200 billion, worth of Chinese imports.

Luckily the department behemoth doesn’t ship food from the country, meaning their grocery prices can stay low, Cramer said. Furthermore, the retail giant can weather the storm with its massive scale because it “can source better than any other retailer on earth, save maybe Amazon. ”

If Walmart needs to change suppliers, they will do so and still have better prices than their competitors, he said, adding that he’s more concerned about the strong American dollar’s negative impact on the chain’s international sales.

“Here’s how I see it: President Trump is now in charge. He’s in charge of which American companies can do business in China. If you do too much, he’ll smite you. If you buy too much, he’ll find you. If you rely on them too much, he’ll crush you,” Cramer said. “The companies that didn’t see this escalation coming, they may get stream-rolled, but the ones that thought ahead are being re-rated to more exalted status … I think their stocks aren’t done going higher.”


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: tyler clifford
Keywords: news, cnbc, companies, business, companies, chinese, stocks, policies, walmart, american, hurt, businesses, technology, trump, cramer, cares, china, longer


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Cramer: US companies are getting hurt by tariffs because ‘they didn’t think Trump had the resolve’

Some American companies “let themselves get hurt” by tariffs because they assumed President Donald Trump wouldn’t follow through on his China trade threats, CNBC’s Jim Cramer said Thursday. “They didn’t think Trump had the resolve,” Cramer said on “Squawk Box. Cramer praised Cisco Systems after the U.S.-based networking equipment maker said Wednesday that it had reduced its manufacturing in China in anticipation of increased tariffs by the Trump administration. Cramer has voiced support for Trum


Some American companies “let themselves get hurt” by tariffs because they assumed President Donald Trump wouldn’t follow through on his China trade threats, CNBC’s Jim Cramer said Thursday. “They didn’t think Trump had the resolve,” Cramer said on “Squawk Box. Cramer praised Cisco Systems after the U.S.-based networking equipment maker said Wednesday that it had reduced its manufacturing in China in anticipation of increased tariffs by the Trump administration. Cramer has voiced support for Trum
Cramer: US companies are getting hurt by tariffs because ‘they didn’t think Trump had the resolve’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: berkeley lovelace jr
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Cramer: US companies are getting hurt by tariffs because 'they didn't think Trump had the resolve'

Some American companies “let themselves get hurt” by tariffs because they assumed President Donald Trump wouldn’t follow through on his China trade threats, CNBC’s Jim Cramer said Thursday.

“They didn’t think Trump had the resolve,” Cramer said on “Squawk Box. “That proved to be wrong,” he said but added that some negative impact from the U.S.-China trade war is unavoidable.

Cramer praised Cisco Systems after the U.S.-based networking equipment maker said Wednesday that it had reduced its manufacturing in China in anticipation of increased tariffs by the Trump administration.

Cisco Chairman and CEO Chuck Robbins told Cramer on “Mad Money ” Wednesday evening that the current tariff risk to the company is “relatively immaterial at this point and built in to our guidance.”

However, Cisco’s CFO, Kelly Kramer, sitting next to Robbins, said if the Trump administration were to impose tariffs on the rest of China’s imports, that would not only impact Cisco but “every industry out there.”

Those tariff reassurances and better-than-expected fiscal third-quarter earnings late Wednesday boosted Dow-stock Cisco more than 5% early Thursday. That, coupled with better-than-expected earnings from Walmart, another component in the average, and a similar stock move higher for the retailer early Thursday, helped boost the market at the open.

If the Dow Jones Industrial Average, the S&P 500 and the Nasdaq were to close higher Thursday, that would be a three-day winning streak and perhaps a break in the negative sentiment surrounding trade headlines earlier this week.

The Trump administration last week increased duties on $200 billion worth of Chinese products from 10% to 25%. On Monday, in retaliation, China announced plans to raise tariffs rates on $60 billion in U.S. goods. The president has also been threatening all along to put tariffs on the rest of China’s imports.

Cramer has voiced support for Trump’s tougher stance on China but has also advised investors to load up on names that can withstand higher tariffs.

He reported last week that people were saying that American companies that did not reduce their China exposure after months and months of watching Washington and Beijing clash on trade have only themselves to blame.

“I’m also told that they are like, ‘Are you kidding me, you had a full year to move out of China. If you didn’t move out of China now, it’s your own fault,'” Cramer said at the time.


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: berkeley lovelace jr
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Seven comeback stocks that investors could pounce on: Cramer

The stock market had a number of winners Thursday and many of them are names that have made slower gains than the rest of the market, CNBC’s Jim Cramer said. He revealed seven equities that investors could consider buying:Stanley Black & DeckerShares of the toolmaker gained 2.43%. AllerganThe pharmaceutical company has lost more than half of its value from its highs four years ago, Cramer noted. The stock is well off its highs, Cramer said. WATCH: Cramer reviews lagging stocks


The stock market had a number of winners Thursday and many of them are names that have made slower gains than the rest of the market, CNBC’s Jim Cramer said. He revealed seven equities that investors could consider buying:Stanley Black & DeckerShares of the toolmaker gained 2.43%. AllerganThe pharmaceutical company has lost more than half of its value from its highs four years ago, Cramer noted. The stock is well off its highs, Cramer said. WATCH: Cramer reviews lagging stocks
Seven comeback stocks that investors could pounce on: Cramer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: tyler clifford
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Seven comeback stocks that investors could pounce on: Cramer

The stock market had a number of winners Thursday and many of them are names that have made slower gains than the rest of the market, CNBC’s Jim Cramer said. “In this newly rejuvenated market, it’s time to reach for the laggards and play catch-up,” the “Mad Money” host said. “The names on this list are exactly the ones that will work, given that they’ve fallen behind, right here, mostly through no fault of their own.” He revealed seven equities that investors could consider buying:

Stanley Black & Decker

Shares of the toolmaker gained 2.43%. Stanley Black & Decker announced that it will shift manufacturing of Craftsmen wrenches from overseas to a new plant in Fort Worth, Texas, which explains the rally, Cramer said. That’s the power of leaving China, he added. “Until today, Stanley Black & Decker would get hammered every single time we got another flare up in the trade war because so much of their merchandise is, indeed, made in China,” he said. “Now that’s changing, so the stock is catching fire.”

Centene

Centene is a health provider for government-sponsored programs, including the Medicare, Medicaid, and Affordable Care Act exchanges. The stock has taken a hit along with the other managed-care plays, and now its trading for less than 13-times earnings, Cramer noted. “Now that safe, consistent domestic names have come back in style on the Wall Street fashion show, this one I think is a winner,” he said.

Under Armour

Under Armour has an endorsement deal with the Golden State Warriors star Stephen Curry — who is currently eyeing his fourth NBA Finals championship in five years — and the apparel company has some serious momentum going, Cramer said. He called the point guard “the most compelling figure in basketball.” The stock is up nearly 24% this year. “But the stock doesn’t reflect that,” he said. “You’ve gotta remember that Under Armour has spent the past three years bouncing along its lows. This stock was nearly $55 just four years ago. It’s now a $22 stock.”

Allergan

The pharmaceutical company has lost more than half of its value from its highs four years ago, Cramer noted. Investors are concerned about new drugs coming to market that will rival Allergan’s top-selling Botox. “Drug stocks are back in style all of a sudden, and now that knockoff Botox has just been launched, I think the nadir has been reached,” he said. “However, I think it’s much better to buy something like a Merck or Abbott Labs. They’ve pulled back from their highs. ”

Mosaic

Shares of the fertilizer manufacturer have tumbled to about $23 from roughly $53 in 2015, Cramer said. The company has added more technology to improve its operations, but Mosaic supplies American farmers, who are getting hurt by the U.S.-China trade war. “I think you should probably wait until Deere reports tomorrow,” he said. “I don’t like the ag stocks here because they keep being linked with the Chinese. Yet, Mosaic has shown some signs of life of late.”

Northrop Grumman

Defense stocks have been lagging behind the broader market, but Northrop Grumman popped 3.47% Thursday. The stock is well off its highs, Cramer said. “This is totally a function of money managers trying to find companies that recently reported great numbers, but they have very beaten down stocks,” he said. “This stock sells for less than 14-times earnings, great balance sheet, just raised its dividend … fits the bill.”

Charles Schwab

With $3.36 trillion in assets under management, Charles Schwab seems to be a better bet than Goldman Sachs after the latter agreed to buy for virtually-unknown United Capital Financial for $750 million, Cramer said. “This stock is ridiculously cheap here versus the rest of the group, especially when you consider its phenomenal asset pull, $624 million a day comes into this place, according to the Wall Street Journal,” he said. “I’d buy it right here.”

WATCH: Cramer reviews lagging stocks


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: tyler clifford
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Cramer: Wednesday’s ‘crazy session’ is a perfect example of the market’s new normal

A cross current of bad retail data and market-moving news out of the White House carried Wall Street higher on Wednesday, CNBC’s Jim Cramer said. “I want to walk you through what happened in this crazy session because it is a perfect encapsulation of the new normal.” Macy’s saw action during the session similar to Ralph Lauren’s the day prior, Cramer said. The Trump administration has imposed tariffs on 40% of imports from China and is considering slapping duties on the remaining 60%, Cramer sai


A cross current of bad retail data and market-moving news out of the White House carried Wall Street higher on Wednesday, CNBC’s Jim Cramer said. “I want to walk you through what happened in this crazy session because it is a perfect encapsulation of the new normal.” Macy’s saw action during the session similar to Ralph Lauren’s the day prior, Cramer said. The Trump administration has imposed tariffs on 40% of imports from China and is considering slapping duties on the remaining 60%, Cramer sai
Cramer: Wednesday’s ‘crazy session’ is a perfect example of the market’s new normal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: tyler clifford
Keywords: news, cnbc, companies, session, wall, white, crazy, wednesdays, chinese, today, cramer, normal, trump, trade, stocks, tariffs, street, example, markets, perfect


Cramer: Wednesday's 'crazy session' is a perfect example of the market's new normal

A cross current of bad retail data and market-moving news out of the White House carried Wall Street higher on Wednesday, CNBC’s Jim Cramer said.

The Dow Jones Industrial Average gained nearly 116 points Wednesday. The S&P 500 advanced 0.58%, while the Nasdaq Composite advanced 1.13%.

“We got a weird combination of tailwinds today … Turns out we can get good news, too, and some days like today the stock market actually makes sense,” the “Mad Money” host said. “I want to walk you through what happened in this crazy session because it is a perfect encapsulation of the new normal.”

The market had a rough opening after news that retail sales declined for the second time in three months, tallying a 0.2% fall in April. The weakness included autos, home centers and the internet stores, Cramer said.

That brought the benchmark 10-year Treasury to its lowest yield of the year at 2.37% and pushed buyers into stocks with safe, consistent dividends, he noted, including Kimberly-Clark and PepsiCo. Money also moved into Facebook, Amazon, Netflix and Google’s Alphabet, along with the financial technology plays of PayPal, Square Inc., Visa and MasterCard, he added.

Even health care stocks, which have been hurting amid calls from some Democratic presidential candidates for a single-payer system, rallied because the industry does well in a slowing economy, Cramer said.

Macy’s saw action during the session similar to Ralph Lauren’s the day prior, Cramer said. The department chain’s share price rallied after the company reported an earnings beat and recorded higher-than-expected sales in the morning, but the company ultimately revealed how vulnerable it is to tariffs and finished down 0.46%.

The Trump administration has imposed tariffs on 40% of imports from China and is considering slapping duties on the remaining 60%, Cramer said.

“If that happens, the analysts will have to slash their estimates on this one,” Cramer said. “Macy’s won’t be alone. Almost every retailer has some exposure because they’ve spent decades sourcing their merchandise from Chinese vendors in order to keep costs down. Now that’s blowing up in their faces.”

Later in the day, news broke that the White House plans to delay automotive tariffs by up to six months.

“I can’t overemphasize the importance of this leaked news,” Cramer said. “In one fell swoop, [President Donald] Trump went from being a hated protectionist, know-nothing to someone who might be cleverly assembling a coalition of the willing in the trade war against the Chinese, at least in the eyes of Wall Street.”

Furthermore, more CEOs of companies that deal with China are warming up to the action that Trump has taken on the country, Cramer said.

That includes Goldman Sachs CEO David Solomon, who on Tuesday tweeted: “Tariffs might be an effective negotiating tool.” Cramer also highlighted that New York Times foreign affairs columnist Tom Friedman, who is a proponent of globalization, came out in support of the trade war.

“To me, these represent tectonic shifts in the Wall Street consensus,” Cramer said. “I think it gives Trump a much better bargaining position versus the Chinese, and it certainly gave us higher stock prices.”


Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: tyler clifford
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Cramer: ‘I don’t trust this market at all’ because it’s so dependent on Trump tweets

“I don’t trust this market at all,” Cramer warned on “Squawk on the Street” as stock futures pointed to a higher Wall Street open, which in fact came to pass through the morning. Cramer said he was troubled by Trump’s barrage of tweets Tuesday, calling them “a little erratic,” including the one about the Federal Reserve. Trump is “really disturbing the zeitgeist of the stock market,” Cramer said. However, in light of the uncertainty around Trump’s new tweets, Cramer on Tuesday advised investors


“I don’t trust this market at all,” Cramer warned on “Squawk on the Street” as stock futures pointed to a higher Wall Street open, which in fact came to pass through the morning. Cramer said he was troubled by Trump’s barrage of tweets Tuesday, calling them “a little erratic,” including the one about the Federal Reserve. Trump is “really disturbing the zeitgeist of the stock market,” Cramer said. However, in light of the uncertainty around Trump’s new tweets, Cramer on Tuesday advised investors
Cramer: ‘I don’t trust this market at all’ because it’s so dependent on Trump tweets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: matthew j belvedere
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Cramer: 'I don't trust this market at all' because it's so dependent on Trump tweets

CNBC’s Jim Cramer voiced concern about the staying power of the stock market’s bounce Tuesday following President Donald Trump’s latest tweetstorm on China trade and Monday’s sharp decline.

“I don’t trust this market at all,” Cramer warned on “Squawk on the Street” as stock futures pointed to a higher Wall Street open, which in fact came to pass through the morning. “[Trump] has made it so we got to wait to be able to buy.”

Cramer said he was troubled by Trump’s barrage of tweets Tuesday, calling them “a little erratic,” including the one about the Federal Reserve.

Trump is “really disturbing the zeitgeist of the stock market,” Cramer said. “He should knock the tweets off if he wants the Dow to start going up, at least today.”

On “Mad Money” on Monday evening — after the Dow Jones Industrial Average and the S&P 500 each lost about 2.4% on China’s tariff response to last week’s U.S. hike — Cramer said Wall Street is nearly oversold and investors should get ready to load up on names that can withstand higher tariffs.

However, in light of the uncertainty around Trump’s new tweets, Cramer on Tuesday advised investors to let things shake out, saying there may be a buying opportunity in stocks later in the session.

In late morning trading, the S&P 500 was making up about half of Monday’s losses, which had sent the index down for a total of nearly 5% from its May 1 intraday all-time high. So far in 2019, the S&P 500 has gained about 13% — and since the crushing Christmas Eve 2018 low, the index has soared more than 20%.

On Monday, China said it will raise tariffs, some to as high as 25%, on $60 billion in U.S. goods, in retaliation for the Trump administration’s decision last week to increase duties on $200 billion worth of Chinese products from 10% to 25%.

Meanwhile, the Office of the U.S. Trade Representative is taking steps to prepare to slap tariffs on the remaining billions and billions of dollars worth of Chinese goods coming into the U.S.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trumps, stock, worth, sp, trump, trust, dependent, wall, tweets, cramer, street, dont, market, 500


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Get ready to pull the trigger on these stocks — ‘We’re almost in oversold territory,’ Jim Cramer says

Wall Street is nearly oversold and investors should get ready to load up on names that can withstand the threat of higher tariffs, CNBC’s Jim Cramer said Monday. “Tomorrow — day three — by the end of the day, the buyers usually start circling back to stocks with no Chinese exposure. Cramer pointed out the tariff increase on American goods also includes DVRs, televisions, cameras and gloves — all of which he wrote off as “funny.” Trump wants to pressure American firms to move manufacturing operat


Wall Street is nearly oversold and investors should get ready to load up on names that can withstand the threat of higher tariffs, CNBC’s Jim Cramer said Monday. “Tomorrow — day three — by the end of the day, the buyers usually start circling back to stocks with no Chinese exposure. Cramer pointed out the tariff increase on American goods also includes DVRs, televisions, cameras and gloves — all of which he wrote off as “funny.” Trump wants to pressure American firms to move manufacturing operat
Get ready to pull the trigger on these stocks — ‘We’re almost in oversold territory,’ Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-13  Authors: tyler clifford
Keywords: news, cnbc, companies, pull, american, chinese, ready, trade, goods, stock, trigger, trump, jim, tariffs, china, day, cramer, oversold, stocks, territory


Get ready to pull the trigger on these stocks — 'We're almost in oversold territory,' Jim Cramer says

Wall Street is nearly oversold and investors should get ready to load up on names that can withstand the threat of higher tariffs, CNBC’s Jim Cramer said Monday.

“Today, the market turned against everything but the soft goods stocks … That kind of move tends to only last for three days, and this was day two,” the “Mad Money” host said. “Tomorrow — day three — by the end of the day, the buyers usually start circling back to stocks with no Chinese exposure. Think FANG: Facebook, Amazon, Netflix and [Google’s] Alphabet. ”

After another day of extreme selling — the Dow Jones Industrial Average fell 2.38%, S&P 500 tumbled 2.41%, Nasdaq Composite retreated 3.41% — Cramer argued it should be safe to start buying among the rubble on Tuesday. The best picks may be in the managed care, insurance and telecommunication spaces.

“Of course, there are other issues. Most of the upcoming wave of IPOs will be curbed by the collapse of the Uber deal, ” he said. “Short term, that’s a bummer. Long term, it’s fantastic because the last thing we need right now is more stock supply.”

Cramer has a hold call on semiconductor stocks because their business with Apple could take a hit based on the iPhone maker’s exposure to China. Starbucks and Nike could also face boycotts in China, he added.

Apple’s stock took two haymakers on Monday after China took aim at U.S. imports and the U.S. Supreme Court allowed an antitrust lawsuit against the tech giant to progress. The stock dropped 5.8% during the session.

“Apple could obviously feel some pain if the Chinese go for a boycott against its products, although given that they make so much of their stuff in China, that would be like cutting off your nose to spite your face,” Cramer said. “But who knows. An iPhone boycott would be a lot more effective than tariffs on trout, eels, or, of course, American-made pasta.”

In the face of similar trade tensions, Caterpillar fell 4.6% Monday, and Boeing slumped 4.9%.

China plans to retaliate against President Donald Trump’s decision to hike Chinese tariffs with its own 25% duties on $60 billion of American goods — effective June 1. The list of affected gods primarily covers produce from American farmers, whom Cramer expects will get bail out checks from the Trump Administration. Those goods could also be sold off to other countries, he added.

“Either way, you don’t need to worry about agriculture as it’s the most heavily subsidized industry in America,” Cramer said. “We treat our farmers like China treats its manufacturers — we prop them up and protect them against foreign competition.”

Cramer pointed out the tariff increase on American goods also includes DVRs, televisions, cameras and gloves — all of which he wrote off as “funny.”

“Our manufacturing base for that stuff was wiped out ages ago. China in particularly already destroyed the American glove industry,” he said.

Cramer called China’s list of targeted industries “pretty pathetic.”

The thing is, most investors don’t seem to realize that our trade war with China doesn’t have much in common with past trade wars, ” he said. “Why? Because we simply don’t sell that much stuff to the Chinese. Why? ‘Cause they won’t let us.”

Trump wants to pressure American firms to move manufacturing operations out of China, which is scaring investors, Cramer noted. That’s forced them to put their money behind companies that do well in a recession, he added.

But Trump has more ammo in the escalating trade war. He is considering slapping another 25% tariff on $300 billion worth of additional Chinese goods. Cramer expects Trump to put additional duties on the books within the next six months and force companies to pay for doing business in China.

“At that point, China will be out of American exports to tax, but they’ve threatened to start selling their hoard of more than a trillion dollars in U.S. Treasuries,” he said. “I say go right ahead. With Treasury yields plummeting here, you could price hundreds of billions of dollars of Treasuries right now. Arguably, they’d be doing us a favor.”

As the United States and China volley tariff increases back and forth, Cramer said most company earnings will not be hurt.

“So get ready. It’s been a wild ride, but we’re almost in oversold territory and there’s not much more China can to do hurt our economy,” he said. “Even as it sure could hurt the stock market, because their moves inspire panic like no other country’s business.”

Disclosure: Cramer’s charitable trust owns shares of Facebook, Apple, Alphabet, and Amazon.com.


Company: cnbc, Activity: cnbc, Date: 2019-05-13  Authors: tyler clifford
Keywords: news, cnbc, companies, pull, american, chinese, ready, trade, goods, stock, trigger, trump, jim, tariffs, china, day, cramer, oversold, stocks, territory


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Cramer: These are the two numbers that gave Trump confidence to hit China with new tariff threat

“I’m also told that they are like, ‘Are you kidding me, you had a full year to move out of China. If you didn’t move out of China now, it’s your own fault,'” Cramer said on “Squawk on the Street. ” “My people I talk to said two numbers determine everything, 3.2% GDP and 3.6% unemployment. They overplayed their hand given the numbers of what we have” on the economy in the United States, Cramer said. Cramer pointed out the continued weakness in Dow stocks that would be most impacted by an escalati


“I’m also told that they are like, ‘Are you kidding me, you had a full year to move out of China. If you didn’t move out of China now, it’s your own fault,'” Cramer said on “Squawk on the Street. ” “My people I talk to said two numbers determine everything, 3.2% GDP and 3.6% unemployment. They overplayed their hand given the numbers of what we have” on the economy in the United States, Cramer said. Cramer pointed out the continued weakness in Dow stocks that would be most impacted by an escalati
Cramer: These are the two numbers that gave Trump confidence to hit China with new tariff threat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, gave, trade, tariff, apple, confidence, cramer, china, dow, numbers, stocks, saying, didnt, hit, overplayed, trump, threat


Cramer: These are the two numbers that gave Trump confidence to hit China with new tariff threat

People are saying that American companies that didn’t reduce their China exposure after months and months of watching Washington and Beijing clash on trade have only themselves to blame, CNBC’s Jim Cramer reported Tuesday.

“I’m also told that they are like, ‘Are you kidding me, you had a full year to move out of China. If you didn’t move out of China now, it’s your own fault,'” Cramer said on “Squawk on the Street. ”

“My people I talk to said two numbers determine everything, 3.2% GDP and 3.6% unemployment. That’s when things changed. In other words, the Chinese played a little tougher but they overplayed their hand is what my people say. They overplayed their hand given the numbers of what we have” on the economy in the United States, Cramer said.

“I am saying 12:01 Friday will be different,” added the “Mad Money” host, referring to the midnight deadline later this week that President Donald Trump set for increases in China tariffs from 10% to 25% if trade talks don’t make progress.

U.S. stocks opened sharply lower Tuesday on trade concerns. The Dow Jones Industrial Average on Monday was off as much as 471 points but was able to recoup much of those losses by the close.

Cramer pointed out the continued weakness in Dow stocks that would be most impacted by an escalation in the trade war, including Apple, Caterpillar and Boeing.

“So who’s hurting the Dow?” asked Cramer. “Boeing, but they have a lot of orders. Caterpillar, they didn’t move out fast enough. Apple, who knows what their game is.”

Correction: Apple shares fell Monday. An earlier version misstated their move.


Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, gave, trade, tariff, apple, confidence, cramer, china, dow, numbers, stocks, saying, didnt, hit, overplayed, trump, threat


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