CNBC's Jim Cramer reveals a list of stocks that he thinks would be worth buying if the United States and China come to terms on a trade deal. The "Mad Money" host, however, goes on to let viewers know that he is still in favor of President Donald Trump adding more tariffs to Chinese imports to force the country to make more concessions in a trade deal.
"I still think the best way to bet on a trade deal is by presuming something's going to go wrong, even after today's encouraging developments," he said, adding he would rather own "stocks that have nothing to do with the trade war, but I know people have been demandingChinese President Xi Jinping attends a Russian-Chinese energy and business forum on the sidelines of the St. Petersburg International Economic Forum , Russia June 7, 2019.in the U.S.-China trade war.
The host said he's cynical about free trade as opposed to most Wall Street professionals, highlighting that China's practices of subsidizing domestic companies has negatively impacted America's manufacturing economy, including electronics, toys and even gift wrapping, which once was a moneymaker for his father, "Pops."
"With each of these items, I see a group of towns that's been decimated by permanent, normal trade relations with China, just like the towns that made gift wrap for my dad's jobbing business," he said.are "already in line" for fractional stock trading on the app in the few hours since it announced the service, co-CEO Vladimir Tenev told Cramer.
"The early signs are really promising," the co-founder said in a one-on-one interview. "We just have to keep focus on what we've always been focused on, which is keep reducing friction and be the best place possible for new investors to start investing."
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »