We recently published a list of Jim Cramer Discusses These 10 Stocks & Says President Trump Should Be Like Steve McQueen. In this article, we are going to take a look at where Broadcom Inc. (NASDAQ:AVGO) stands against other stocks that Jim Cramer discusses.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer continued to discuss President Trump and his tariffs. The market wiped out $4 trillion in value since its peak following the election on Monday and Cramer commented on the selloff on Tuesday. Throughout the show, he maintained that the President had to fine-tune his messaging for the tariffs. Recalling President Herbert Hoover, Cramer stated:
“I mean look the President said tariffs are going to be the greatest thing we have ever done as a country. Well I mean remember, Smoot-Hawley, 1930, Hoover. Right. Greatest things gonna happen to our country. 32′, election, wishes he hadn’t said that. Wants to walk it back. Lost by a mile.”
One President whose approach Cramer believes that Trump should consider following is Ronald Raegan. Imploring that ‘meanness’ is not an American value, he shared:
“I love Raegan so, Raegan spoke softly. Look when you look back at the 1980s as being a halcyon period in retrospect. Raegan did it with a happy warrior smile. I don’t see any smile here. I see meanness. America don’t like meanness. That’s not our country. Meanness. We’re not meanness. Be more like Steve McQueen. Who was great. He’s like. . .Robert Vaughn. Don’t give me Robert Vaughn. Give me Yul Brynner.”
The conversation then shifted to markets. While the NASDAQ bled 4% during the day, Cramer shared that Trump prefers to refer to the Dow index as his preferred stock market indicator:
“Right I mean obviously the Dow Jones is not down as much as the NASDAQ. And it is the Dow Jones. It’s always been the Dow Jones with the President. Which is fine. Very meaningful. I do wanna point out that he was more constructive about the idea of linking himself to the market than he is now. Because when he said that you can’t really watch the stock market that’s a little bit of a pivot from what we heard.”
The CNBC TV show host also believes that stock market losses and Trump’s tariff narrative could alienate the President’s working-class base. According to him:
“The stock market’s a decent referendum because everybody sees it. And by the way, the people, the base has a 401(k) and the base has a, they have an IRA. And the base doesn’t wanna lose money. The base works really hard for the IRA to get that up. And this is the IRA under attack. There’s absolutely nothing wrong with sending stocks down if companies are doing badly and we’ve heard from a couple, Verizon, we’ve heard some of the airlines. We are in conference season so you’re hearing companies say negative things.
“At the same time, why be part of that? Why tip things? And the answer is this that I think that the President in this moment wants to get something done with the tariffs. But tariffs are really hard for the base to understand. They’re hard for me to understand. I studied economics. I studied with Gailbraith for heaven’s sake. They’re really good people. All Nobel guys. It’s hard. It’s hard. And I think that it’s better to say listen we’re gonna work quietly to get things better for you working people but if you’re opening a factory in our country while you’re causing people to be laid off now, there’s a considerable gap between laid off now and when the factory can open. Particularly when you’re building very, very difficult foundries. They take four, five years to build. So I think that this is a good moment to be able to say look, we’ve established kind of a roadmap here and you’re not going to necessarily hear what we’re gonna do. But we’re doing it for you. . .it’s the message.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down all the stocks he mentioned during CNBC’s Squawk on the Street aired on March 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).
Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders In Q4 2024: 161
Broadcom Inc. (NASDAQ:AVGO) is a se miconductor and software company. It sells a wide variety of chips for personal computing, data centers, and other use cases. Cramer is a long-time fan of the stock and the firm’s chief Hock Tan. Broadcom Inc. (NASDAQ:AVGO) has benefited in the AI era due to its ability to. design and sell custom AI chips. AI exposure has also hurt the stock as it dipped by double-digit percentages during the DeepSeek selloff. The shares weren’t spared during Monday’s selloff either. Here is what Cramer said:
“Broadcom had the best quarter of all these companies. If that stock doesn’t rally then you know we’re in trouble. Cause it’s down 18%!
“Keep an eye on Broadcom which is bigger than Tesla. Keep an eye on Lilly. Because these have to bounce. If they bounce. . .
“And again, the one that had the best quarter in tech, was one that just occurred on Thursday night which was Hock Tan. He had literally the best quarter. He’s got three clients that he didn’t reveal who are hyperscalers.”
Overall, AVGO ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of AVGO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AVGO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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