Now, listen here, folks! ๐ค Jim Cramer, the ringmaster of CNBC’s Mad Money circus, has rolled out his list of stocks to buy in the face of Trump’s trade war hullabaloo. Yes, you heard it right! ๐ The man’s got the gall to stand up against the tariff tornado that’s been swirling around our beloved financial markets.
Jim Cramer’s Trump Tariff Tirade ๐ฃ๏ธ๐ฅ
Our friend Jim hasn’t been shy about expressing his thoughts on Trump’s tariff tomfoolery. In his latest episode of Mad Money, he let loose, saying he’s never seen a prezzy-dent like Trump, who could make the stock market take a nosedive just by opening his yap. ๐ธ…
“The market was cruising along like a riverboat on the Mississippi โ until Trump’s administration tossed a log into the water, causing a commotion not seen since Jimmy Carter’s days…I can’t recall another commander-in-chief who could send the stock market south just by flapping his gums.”
And then there’s the math. Jim reckons that Trump’s tariff tactics don’t add up, and in an interview with CNN, he called it out as a mathematical misadventure. As the trade war with China heats up, with them slapping a reverse 34% tariff on us, the stock market is in for a bumpy ride. Even crypto stocks ain’t safe from the turbulence. ๐ฉ…
Now, Jim’s drawing parallels between Trump’s tariff troubles and the infamous dot-com bubble burst back in 2000. And he’s got some advice for investors: dust off that old playbook and focus on defense, domestic, and healthcare stocks. Why? Because they’ve got the staying power to weather any economic storm. ๐ช๏ธ…
Cramer’s Crypto Stock Suggestions ๐๐ฐ
With the stock market stumbling like a drunkard at closing time, Jim’s urging investors to stick to those tried-and-true sectors that bounced back after the dot-com disaster. He reckons that companies with pricing power are the only ones that can keep their heads above water during these choppy economic times. ๐…
“You want stocks of domestic companies with pricing power and no signs of slowing demand or credit risk. These are the ones that thrive when the economy slows down.”
Pharmaceutical stocks like Cardinal Health (CAH), Bristol-Myers Squibb (BMY), and UnitedHealth (UNH) get a thumbs-up from Jim. Utilities and consumer staples, represented by Duke Energy (DUK) and Procter & Gamble (PG), also make his list of top picks. ๐…
“Utilities, lower-priced retailers, telecommunications, and consumer packaged goods will also ride the wave during a slower economy.”
Tech stocks are a no-go for now. Jim says wait until the market settles down before diving back in. ๐ซ…
Despite all these stock suggestions, investor sentiment remains as gloomy as a rainy day in Missouri. The uncertainty surrounding the Trump trade war and the dreaded “inverse-Cramer index” โ where the opposite of what Jim predicts usually happens โ have folks feeling bearish. ๐ป…
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2025-04-04 17:14