General Motors Company (GM): If It’s So Bad, Why Did The Stock Move? Wonders Jim Cramer

We recently published 10 Stocks That Jim Cramer Talked About. General Motors Company (NYSE:GM) is one of the stocks Jim Cramer recently discussed.

General Motors Company (NYSE:GM) created quite a bit of a buzz in the markets after its latest earnings report, which saw the shares dip by 8% only to recover the losses soon. The stock dipped after management outlined a massive $11.1 billion profit hit from tariffs on Mexican goods. In his previous comments about the firm, Cramer has discussed how General Motors Company (NYSE:GM) is more vulnerable than rival and peer Ford when it comes to tariffs. However, with the shares having recovered all of their post-earnings losses, Cramer wondered whether things were bad at all:

“GM went from 49 to 53 last week. If it’s so bad. How bad is it? Are we supposed to go to 58?”

Here’s what Cramer said about General Motors Company (NYSE:GM)’s exposure to tariffs earlier:

“Yeah, GM, look they obviously have a, they obviously have a tariff problem, it’s much bigger than a lot of people think. The theme of this quarter is that you have to have a tariff problem, then you make it smaller. RTX did that. It was like wow, we thought it was going to be like 800, it was going to be like 500. So when you see something that seems like a very large number, it’s entirely possible that people say well wait a second, that’s not so good. I’d like to point out that there was a lot that was good. And I think that Mary Barra is doing a very, very fine job. Because the only thing, added cost, but they’re selling! And I think that those who wanna sell the stock, go ahead. I think that this is just another good quarter despite the tariff. I think they can handle that.

Copyright: wihtgod / 123RF Stock Photo

“They’re gonna have a lot more that I think can go their way. Uh, when I was speaking to Cleveland Cliffs yesterday, to Lorenzo Goncalves. . I mean he’s just talking about this is the beginning of a lot of different things. Very in flux. GM has. .has much, much exposure. Versus Ford. . . Because everyone in the industry knows that there’s a lot of companies ship a lot of stuff. Get to Allison Motor, down there in Mexico, it comes back. GM, David, it’s like back and forth with the car. . .that is not what they want.”

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Disclosure: None. This article is originally published at Insider Monkey.