The Trump administration a year ago began sending American businesses a clear-cut message to get out of China, CNBC's Jim Cramer said Friday.
"Nearly everyone in the business community saw this coming. They've talked about it endlessly, and they've made a lot of the necessary adjustments," the "Mad Money" host said."You know who's been caught off guard? The pundits, and that's why the market could ultimately rally on what you would've expected ... to be a really ugly day."
Instead, Dollar General, which had a disappointing quarter, is about $5 per share off its all-time highs and up nearly 13% this year. Dollar Tree is up more than 15% this year and down $7 per share from its all-time highs, he pointed out. Dollar Tree CEO Gary Philbin explained to Cramer in a March interview that the company realized it needs to expand its sourcing beyond just China. The company is prepared to get its merchandise elsewhere, Cramer said.
Cramer also mentioned that Five Below, Emerson and United Technologies are all still performing well, despite the headwinds that management must mitigate in China. Procter & Gamble, Estee Lauder, Starbucks and Nike have also performed well, he continued.
It is more failure by Trump.
Hey, remember when Cramer lied about the pending Bush Recession?
Yeah because they already have perfected passing the cost on to the consumer.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks sink on Trump's threat to China—Buffett, Cramer and other experts share what they're watchingThreats from President Donald Trump seemed to throw a wrench in U.S.-China trade talks this weekend, but experts say there are still ways for negotiations to move forward. jimcramer TradingNation Or - stocks regain over 400 points on initial loss to end on an upswing. jimcramer TradingNation
Source: CNBC - 🏆 12. / 72 Read more »
Cramer Remix: Charts suggest the market could soon get a deep correctionJim Cramer takes a look at the warning signals one analyst points out in the charts to find out what could lie ahead in this market. Trump’s erratic behavior will hasten a correction. Idle money is on the side not being placed in the system because of trump. I refuse to be a financial victim of trump’s tweets. The market is tough as it is without his nonsense. jimcramer said Apple was going to $120 when it was $148. I sold part of my position. My days of listening to that jackass are over. Why would anybody listen to this Con man, and ex-criminal. Cramer is an crook.
Source: CNBC - 🏆 12. / 72 Read more »
Cramer: Trump's tariff threat sent investors running to domestic stocks Monday — that's a good sign for the market'Normally when the market gets hammered, people wait around for a few days before putting their money back to work. Not today,' Jim Cramer says. Hope so Trumps a false flag regarding the markets.
Source: CNBC - 🏆 12. / 72 Read more »
Cramer says companies still in China are being told they have only themselves to blamePeople are saying that companies that didn't reduce their China exposure yet are the ones at fault, CNBC's Jim Cramer reports. that's what I believe . I remind you that China was the wold savior after the GFC liberty I love Jim (James) Cramer.
Source: CNBC - 🏆 12. / 72 Read more »