Stellalantis (Stla) is a “bad house in a bad neighborhood,” warns Jim Cramer


We recently published a list of 10 stocks on Jim Cramer’s radar recently. In this article, let’s take a look at where Stelllantis NV (NYSE: Stla) is against other stocks on the Jim Cramer radar.

On Thursday, Jim Cramer, Mad Money’s host, addressed the growing concerns about current fare policies. He called into question the effectiveness of these rates as he asked:

“What treatment does these heavy hand rates have? Look, I have never been a free dogmatic merchant. I believe in fair trade, a fairly fierce belief, so you know and we can only achieve it by lowering the boom of our commercial partners who send us as a policy.”

Read too Jim Cramer assumes these 10 stocks and Jim Cramer Lightning Round: 8 Focus stocks

Cramer explained that, although he has always supported the idea of ​​rates in principle, especially when they are part of a well -thought strategy, he expressed his frustration on how the new trade regime is being executed. He said he was affected by the mismanagement that developed these changes, which he felt did not have a clear and consistent plan. Cramer then pointed out what James Surowiecki, the author of the wisdom of the crowds, said about how the White House calculates the rates.

“The White House simply took our commercial deficit with each country and then divided it by exports of this country to America. Then they cut off this number by half to determine the rate rate that would make us fall into the country in question.”

Cramer said that a few hours later, an unnamed official from the White House confirmed it and described it as “the sum of all unfair commercial practices, the sum of all traps”. Cramer called it badly advised. Later, President Trump made a statement that suggests that he could be open to reduce rates if he is presented with “phenomenal” offers. However, Cramer asked an important question: “Who determines what these offers are and what do they even mean?” He admitted that he had no clear answer to this question.

“Here is the bottom line: I wish I could put myself behind this new fare regime because I have never been a free merchant. But the White House does not seem to understand what it is trying to do and the non-reciprocal tariffs that we could not do yesterday, not to destroy things.”



Source link

  • Related Posts

    Oil prices will rise while China says it is open for trading talks

    Oil prices will rise while China says it is open for trading talks Source link

    Why the Actions of the Ecopetrol SA (EC) fall this week

    We recently published a list of Energy stocks that are losing this week. In this article, let’s take a look at where Ecopetrol SA (NYSE: EC) is against other energy…

    Leave a Reply

    Your email address will not be published. Required fields are marked *