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We recently compiled a list of the Jim Cramer Discusses These 11 Stocks & Finds Few Reasons To Sell. In this article, we are going to take a look at where 3M Company (NYSE:MMM) stands against the other stocks.
In a recent appearance on CNBC's Squawk on the Street, Jim Cramer commented on why the flagship S&P index remained stable despite multiple catalysts such as a trade war, DeepSeek, and a new administration. Cramer believes that "there's still an undercurrent that the President is good for business." He recalled how hedge fund billionaire David Tepper's comments about the market were precarious and didn't reflect the way it was behaving. Cramer outlined "I mean yesterday we had an individual talking about how the situation's precarious on Squawk Box. And it's not."
Instead, Cramer shared "These are things where if you check the cadence of what happened, the President does something, it looks really, really harsh on Mexico. Claudia Sheinbaum comes back and says, you know what, I agree. Uh, the President does something it looks really harsh on Canada. And Canada comes back and says, let's make a talk. Let's do something. He does something that looks really harsh about China, it's not harsh at all. So China then comes back, I mean these are all signs that the President's strategy, I think people say, is working." As a result, he wondered why there was any need to sell stocks. Replying to his question, Cramer pointed out "And the answer is why you would sell is because you don't believe in the President. And you think that the President has got a strategy that doesn't exist. I come back and say, well I don't know. I mean there was a lot of success yesterday, so why sell?"
The CNBC TV host also commented on a JPMorgan note saying that policy shifts are moving towards business unfriendliness. Cramer holds a mixed opinion in this regard. On one hand, while he countered by wondering "how can it, look, deregulation is what businesses have been asking for. And they're getting that in spade," on the other hand he agreed that "Yes, did President Trump not do it in the order we wanted? Which would be first we get big tax cuts, we get deregulation. And then after that, you what we're gonna hit them it [inaudible]. He went faster than that. And that was something that was perceived anti business."
In fact, Cramer was surprised by the President's China approach. He had "expected [a] sixty percent tariff on China. . . expected that the President would say listen, we will no longer import any steel from Mexico cause so much of it is from China. . . [and] thought that there would be tariffs on things that are necessary to China that would have made it horrible."