Jim Cramer explains why the Chinese have more to lose than we do when it comes to the trade debate.
Wall Street on Monday should expect to see China's retaliation to higher tariffs from the United States.
Apple, Boeing and Caterpillar are three names that have been harmed by the prolonged trade war. Still, Boeing has a large backlog, China only makes up 5% of Caterpillar sales, and there's no way the People's Republic can put Apple out of business, Cramer said. In broader trading, U.S. equities rebounded after initially selling off when tariffs on Chinese imports were hiked to 25% from 10%. The Dow Jones Industrial Average climbed 114 points, the S&P 500 gained 0.37% and the Nasdaq Composite rose 0.8%.
"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 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."Cramer suggested Friday that investors add three more 5G plays to their basket of stocks, given the current state of the market.
A slew of other phone and technology companies will spend billions of dollars in coming years on the 5G buildout that is expected to offer faster download speeds and cellular connections that match that of Wi-Fi, he noted. Even after a week of extreme market volatility, stocks that have multi-year growth themes are names worth gobbling up, he added.
"She was empowered to basically create that bot, deploy it, and change her life," he said."She's doubled her salary. And that's the power of this thing."Earlier this week, Cramer had the chance to talk with Baltimore Ravens coach.Passion, relentlessness, and relationships, Harbaugh responded.
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