Jim Cramer Highlighted 12 Stocks and Tariff Panic

2. Capital One Financial Corporation (NYSE:COF)

Number of Hedge Fund Holders: 89

Recently talked about how the financial sector is doing well, Cramer mentioned Capital One Financial Corporation (NYSE:COF) and pointed out that banks could benefit from the current administration, as there may be no new tariffs on them and possibly fewer regulations. He mentioned that it could make things easier for banks and help them grow. He added:

“Okay, continuing with this theme of financial deregulation, we’re hearing that the very contentious deal where Capital One slated to buy Discover Financial, it looks like it might close. It’s been taking forever. There’s supposed to be some regulatory resistance by the Department of Justice, but the risk of the deal not closing seems now greatly diminished. All of that will be used for Capital One, which I think could easily go up 25 points once the acquisition closes. That’s what we’ve been telling people who subscribe to the CNBC Investing Club. Now we believe Capital One, no matter what goes, it does fine, and again, the positive action here says the tariffs aside, there’s a lot Trump could do that could allow entire segments of the market to zoom higher. The Walmart White House where we get everyday lower prices for stocks, maybe it’s going to spare the financials.”

Capital One (NYSE:COF) is a financial services company that offers a variety of products, including credit cards, loans, banking services, and solutions for advisory and capital markets.