Jim Cramer Says Wells Fargo (WFC) CEO “Did a Great Job – That Stock Should Be Higher”
We recently published a list of Jim Cramer Hints at a Bigger Agenda Behind Tariffs and Breaks Down These 7 Stocks. In this article, we are going to take a look at where Wells Fargo & Company (NYSE:WFC) stands against other stocks that Jim Cramer discusses.
In his latest appearance on CNBC’s Squawk on the Street, Jim Cramer suggested the recent tariffs might not simply be about economic leverage. He hinted at a deeper agenda within parts of the administration that goes beyond trade policy:
“There’s plenty of sense that something’s going to happen that’s going to take this away. In fact, just because of what we saw the other day with it going to 10 percent, I don’t see that at all. I think these are very different kinds of tariffs. I mean, this is a tariff where I think there’s some people with the administration who actually ultimately have a goal of regime change.“
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Discussing the likelihood of a negotiated settlement between Washington and Beijing, Cramer expressed deep skepticism that China would retreat under pressure. Instead, he described a Chinese leadership that had long prepared for confrontation:
“When do the Chinese back down? Right now they’re not, but I don’t know. I think the Chinese have been ready for this since first Trump. I think that they are ready for tariffs. I think they’re going to build coalitions worldwide. I do not think they’re paper tigers. I think that they’re a strong country and they’re ready. They’re ready for the fight. And I’m afraid that we have many divisions that were behind enemy lines before this war started, including Apple.”
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on April 11th.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A team of bankers in suits, discussing the success of the company’s banking products.
Number of Hedge Fund Holders: 96
Cramer brought up Wells Fargo & Company (NYSE:WFC) while discussing the divergence between Wall Street pessimism and Main Street resilience. He referenced conversations with multiple bank CEOs and praised Wells Fargo’s CEO Charlie Scharf. Here’s what he said:
