We recently published a list of Jim Kramer. We discussed these 11 stocks and President Trump’s sovereign wealth fund. In this article, we look at where Qualcomm Incorporated (NASDAQ: QCOM) represents the stocks that Jim Kramer discusses insights and discussions about President Trump’s sovereign wealth funds.
Jim Cramer discussed President Trump’s tariffs on Mexico and the impact on the auto industry in his latest appearance at CNBC’s Squawk On The Stark. Large US automakers, particularly those that manufacture F-150 trucks, have manufacturing plants based in Mexico. As a result, if import costs from the country increase the aftermath of tariffs, they could face significant disruption.
However, while American automakers rely on Mexico, Cramer pointed out that Japanese and Korean automakers depend on their respective countries for imports. With neither country being targeted by tariffs, he wondered whether they could become the next one.
Another of Trump’s comments that caught the attention of CNBC TV hosts was his demand for the Federal Reserve to lower interest rates. The president has long preferred low interest rates, and his remarks in January emphasized that he would call central banks around the world to weaken the US dollar. Commenting on Trump’s statement, Kramer wondered, “This discrepancy or it’s just a perception that’s not just a path.” He said, “I think we got the president in terms of the notion that the Treasury Secretary has got the president.
Cramer believes that simply demanding low interest rates from the Federal Reserve could not yield results. Referring to co-host David Faber, he said, “David, screams at the Fed, screams at Jerome Powell at Sucker’s Game. I won’t take you anywhere,” Kramer said, “The president screams at the sucker game where he screams at the man. And look at it like you don’t really care what this president is saying, because he doesn’t like him… He likes loyalty.”
Another government official mentioned was Secretary of Commerce, Scott Bescent. On a previous show, Cramer praised Bessent and shared that he heard good things about his secretary. He maintained his positivity and shared:
“This guy (Secretary Bescent) he really understands that he doesn’t know how he will raise (get) the oil… 3 million barrels. But I think he has the best intelligence. It’s like people who know him, or who read about him, say this guy is standing up and realising… He is a great practitioner of the game.”
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Cramer also wondered whether the president would pay the sovereign wealth fund without that 50 years of bonds. The president recently signed an executive order to establish a US sovereign wealth fund. When Faber pointed out that it would be pointless for the US to create such a fund, Cramer said, “The President says he wants a sovereign wealth fund. He says these things vaguely. Not, he went through them.”
To create a list of stocks Jim Cramer spoke about, he listed the stocks he mentioned on CNBC’s Squawk on the streets that aired on February 6th.
These stocks also mentioned the number of investors in hedge funds. Why are hedge funds interested in the stocks they invest in? The reason is simple. Our research shows that mimic the top stock picks of the best hedge funds can outperform the market. The quarterly newsletter strategy has chosen 14 small and large caps per quarter, returning 275% since May 2014, breaking the benchmark by 150 percentage points. (See here for more details).
Jim Cramer Weight: Can Qualcomm (QCOM) diversify beyond smartphones?
It tests the latest 5G devices and demonstrates the company’s commitment to innovation.
Number of hedge fund holders in the third quarter of 2024: 74
Qualcomm Incorporated (NASDAQ:QCOM) is one of the world’s largest chip companies. Its products have driven most of the world’s smartphones, and with advances in manufacturing, they have been able to target laptops and notebooks with their products. The stock has generated weak revenues due to its exposure to the smartphone industry, which accounts for more than half of Qualcomm Incorporated (NASDAQ: QCOM). After the company’s latest revenue, the stock fell 3.7% in February, with Cramer commenting on an interview with the CEO of Qualcomm Incorporated (NASDAQ: QCOM) with CNBC’s Jon Fortt.
“I was interviewed and found Qualcomm confused. He was interviewed by Jon Fortt. He’s a bit of a promotion, but I think he got what he needed.”
Overall, QCOM ranks 9th in the list of stocks that Jim Kramer discusses with insights about President Trump’s sovereign wealth funds. Although we acknowledge the potential of QCOM as an investment, our belief is that some AI stocks offer higher returns and hold a greater commitment to doing so within a shorter time frame. It lies in the belief that it is. If you’re looking for AI stocks that are more promising than QCOM, but are trading at less than five times the revenue, check out our report on the cheapest AI stocks.
Read next: Buy list of AI companies with market capitalizations under $2 billion 20 AI stocks now
Disclosure: None. This article was originally published on Insider Monkey.
Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.
