In the wake of the recent stock market turmoil, many investors have incurred heavy losses. However, CNBC’s Mad Money host Jim Cramer has offered some insight into the top stock picks to weather the storm. The financial markets were on an uptrend at the beginning of the year until Trump Xi’s trade war caused a significant downturn. The fear of a recession looms over the country, impacting investor sentiments and causing market crashes. Cramer’s top stock picks offer a ray of hope for survival during these uncertain times.
Cramer has shared his top stock picks to buy, including Wells Fargo (WFC), Eaton (ETN), and Dell (DELL). According to him, WFC is currently a cheap stock to buy with potential for a rally. ETN, despite suffering losses due to the trade war, is believed to have long-term growth potential. Lastly, DELL is another stock to watch, with Cramer highlighting its potential for growth despite volatility. Investors are advised to closely monitor the performance of these stocks to make informed decisions.
On the flip side, Cramer has singled out a few stocks to be wary of during the Trump-Xi trade war. Apple (AAPL), Nvidia (NVDA), BlackRock (BLK), Dupont (DD), and Danaher (DHR) are among the assets that Cramer questions. AAPL’s production ties with China pose a threat, and Cramer anticipates potential challenges ahead. NVDA is considered a meme stock by Cramer, and BLK has underperformed amid crypto price declines. DD and DHR are also on Cramer’s selling list due to various concerns.
Despite the recent market recovery attempts, the uncertainty still prevails, especially with the US-China trade tensions and other macroeconomic factors at play. The volatility in various financial markets could persist, impacting stock prices and investor sentiments. It is crucial for investors to remain vigilant and conduct thorough research before making investment decisions. Jim Cramer’s top stock picks provide a starting point, but further research and monitoring of the market are essential in navigating these turbulent times.
