Jim Cramer’s Top Stock Picks Amid Trump-Xi Trade War
Highlights
- Jim Cramer reveals his top stock picks, i.e., Wells Fargo (WFC), Eaton (ETN), and Dell (DELL), to survive the Trump-Xi trade war.
- The stock market crash possibility still looms, concerning investors on their stock to buy choices.
- Jim Cramer also warns against Apple, NVIDIA, and other stocks.
The stock market turmoil has left investors with heavy losses, but Jim Cramer has revealed the top stock picks to have or buy to survive. After a massive uptrend in the financial market at the beginning of the year, everything came falling with Trump Xi’s trade war. Many experts fear the possibility of a recession in the country, affecting investors’ sentiments and crashing markets. Interestingly, Cramer has suggested the top options for survival. Let’s discuss them.
Jim Cramer’s Top Stock Picks to Buy
Jim Cramer, the CNBC Show Mad Money host, has supported Donald Trump on many matters, but things took a turn with Trump’s tariff introduction. In one of the recent CNN interviews, Cramer said “I feel like a Sucker” to believe him on tariff.
In another interview, Cramer predicted a 1987-like stock market crash due to the Trump-Xi trade war. Although the market witnessed a significant downtrend, it has attempted recovery in recent days. Despite that, the odds of uncertainty remain as long as the Trump tariff war is sustained; more importantly, the recession odds stay.
Considering the same, Cramer has shared his top stock picks, including Wells Fargo (WFC), Eaton (ETN), and Dell (DELL). According to the CNBC post, Cramer believes that WFC is up for a rally and is currently a cheap stock to buy, which can make money.
Regarding ETN, he adds that although its price suffered with the Trump-Xi trade war, it has the potential for a long-term edge. Lastly, he believes DELL is another stock to buy or watch as it’s being brought from the dead. However, he also points at its volatility and advises investors to monitor its performance.
Worst Stocks to Hold in Trump Xi’ Trade War Per Jim Cramer
Along with the top stocks picks, Jim Cramer has also questioned the performance of the few assets. It includes Apple (AAPL), Nvidia (NVDA), BlackRock (BLK), Dupont (DD), Danaher (DHR), and many others.
According to Cramer, AAPL is under constant threat due to its production ties with China. He even anticipated that the company might have to shift its production unit to the US, which could bring more performance crises.
Further in the line is NVDA, which Cramer believes has become a meme, and he doesn’t own meme stocks. Next is BLK, which faced a significant downtrend amid other crypto stock price declines. Cramer reveals that it underperformed and called his decision to hold it ‘a big mistake’.
The Mad Money host also believes that the electronic device is now worthless, putting DD stock on the selling list. Last but not least, DHR isn’t a stock to buy as Cramer believes it is under the poor leadership of CEO Rainer Blair.
What’s Next?
Although the stock, bond, crypto, and other financial markets are attempting recovery, the uncertainty remains. In this chaotic environment, due to US-China trade tensions, the volatility could stay high, affecting the stock prices.
As a result, careful trades and continuous monitoring of the market and macroeconomic events are important. Jim Cramer’s top stock picks could be considered, but investors must research further.
Frequently Asked Questions (FAQs)
1. What are Jim Cramer's top stock picks?
2. Why did Cramer believe NVIDIA is an insufficient stock?
3. Will the stock market crash further?
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