Recently, Jim Cramer rediscovered his love for the Magnificent 7 stocks during an appearance on CNBC’s Squawk on the Street. He had previously expressed disillusionment with these stocks after the DeepSeek and tariff turmoil. However, during his latest appearance, he rekindled his admiration for these stocks, stating that they perform well during challenging times.
Cramer also made some sarcastic comments about President Trump attributing weak economic growth to President Biden. He found it interesting that Trump referred to the market as Biden’s, indicating that Biden only caught the opening, but missed the close.
The conversation then shifted to Elon Musk and DOGE, with Cramer questioning why Musk didn’t focus on other areas like the Pentagon, Social Security, and Medicare, instead of just his car company.
With the latest US weekly jobless claims surging to 241,000, Cramer agreed with BofA’s assessment that they reflect a DC recession due to the Trump administration’s layoffs. He expressed concern about potential job losses in other companies as well.
One material that caught Cramer’s attention during the discussion was ethane, which he believes could play a crucial role in US-China trade relations. He highlighted the significance of ethane in trade and the removal of tariffs on it by China.
In terms of stock picks, Cramer mentioned several stocks during the show, including Harley-Davidson, Inc. (NYSE:HOG). Despite being an iconic American motorcycle manufacturer, HOG has faced challenges with declining sales. Cramer expressed disappointment in the stock’s performance, stating that the sales numbers were not favorable.
Overall, HOG ranks 10th on the list of stocks that Jim Cramer discusses. While there is potential for HOG as an investment, Cramer believes that some AI stocks offer greater promise for higher returns in a shorter time frame. He suggests exploring other AI stocks that may be more promising than HOG, especially those trading at lower earnings multiples.
For investors looking to diversify their portfolios with AI stocks, Cramer recommends checking out reports on the cheapest AI stocks and the best AI stocks to buy now. These insights can help investors make informed decisions when considering their investment options.
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