We recently compiled a list of the Jim Cramer Recently Discussed These 17 Stocks And Chinese Hackers. In this article, we are going to take a look at where J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) stands against the other stocks Jim Cramer recently discussed.
Jim Cramer’s appearance on Squawk on the Street aired on January 17th covered a wide variety of topics. As the day was in the final few days of the outgoing Biden administration, Cramer shared his thoughts about the policies of the outgoing and incoming governments. Commenting on President-elect Trump’s nominee for Treasury Secretary, Scott Bessent’s confirmation hearing Cramer shared that he “liked it.” He shared the reasons behind his approval.
“Well, I think that, in the end, he respects the process. I think a lot of the, I think there’s the process respecters and the process undoers,” Cramer thinks. He “felt that Secretary Bessent, soon to be, I gotta be careful, who knows, he’s talking about, there was a give and take. There was a moment when he was give and take with Senator Sanders.” While during their exchange, Cramer thought “Sanders thought that he was gonna, tee off on Sanders.” However, Bessent and Sanders actually “had common ground, and there was a lot of respect. And then I think Sanders had nothing to say, it was kind of like, okay,” according to the CNBC host.
Another hot topic in the markets is the President-elect’s potential policies on cryptocurrency. When asked by co-host Sara Eisen about his thoughts on Trump passing an executive order for crypto, Cramer stated “I agree and I think, well look the President-elect has made it no secret that he wants a strategic crypto reserve. So I’m not quite sure where that would be. Not in Fort Knox, it’s kind of, anywhere, right. I would like to make sure the blockchain is severe. I’m trying really hard to get a grip on that reserve because it doesn’t jump out at me.”
One country that Cramer regularly targets in his morning thoughts is China. This time around, he likened China to East Germany. ” We thought East Germany was incredibly powerful. They would go to the Olympics, and we’d say they’re amazing. We thought their schools were really great. And it turned out to be an empty suit,” believes Cramer. China needs “exports, they need everybody, they need help from everyone and they don’t wanna help anyone,” according to him.
In fact, China might be one of the reasons “President-elect Trump was elected,” he shared. Cramer shared that this is “because the Chinese dumped everything in every, of what we used to make. I mean my father sold gift wrap. They wiped out the gift wrap companies. So my father ended up working for the Chinese. They were nice to him.” China’s hostility leads Cramer to “think that we all should be cognizant that the Chinese are not our friends. But they are trying. I think that’s smart to try.”
The CNBC host also shared his on a recent conversation between China’s President Xi Jinping and the President-elect. “Well look I think that Taiwan is a hot button. Because President-elect Trump has said why doesn’t Taiwan pay more for its defense? I get that. That’s a kind of the NATO, consistent, right, consistent with NATO,” he shared. Cramer also shared his thoughts on Bessent saying tariffs are not inflationary. According to him, “Well, I liked that even though everything we’ve ever read all our lives says that they’re inflationary.”
He still likes Bessent since Cramer believes “Bessent’s a serious guy. I mean when you sit down and you watch these presentations and interactions in the European world where they interview him. The man is so thoughtful. That you’re close to Secretary Yellen, I think that in terms of a chess match, I’ll bet Bessent. He’s really exciting. He’s an exciting intellect.” In fact, Cramer thinks that Bessent “may know more about the way the economy interacts with our country than anyone out there.”
Finally, the outgoing Biden administration, particularly the Treasury Department, has been repeatedly targeted by Chinese hackers. Cramer quoted a cybersecurity CEO and shared:
“He was describing how out of date most of our government is in terms of identity. Meaning that you can, someone’s hacking you, you’re blocked, because they don’t have the eye, like you know it’s vision, or it’s finger. And we don’t do that. We use very old fashioned technology from the nineties where it’s very easy to hack. Everyone in the world knows the last four digits of your social security number.. . .we need to have visual, or we need to have fingerprint, and we don’t. Which is crazy.”
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 January 17th.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds invest in? 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 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
A truck on a highway, its exhausts billowing in the air.
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)
Number of Hedge Fund Holders In Q3 2024: 39
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is a large logistics company headquartered in Lowell, Arkansas. Its shares closed 2024 13.9% lower as an economic slowdown impacted its business. These struggles have resulted primarily from weakened consumer spending which has impacted volumes shipped by J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) and led to higher operating costs. The downward slump continued in January after the firm’s stock dipped by 7% after the firm’s Q4 profit per share of $1.53 missed analyst estimates of $1.61. Cramer started his remarks by quoting the pessimism during J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)’s latest earnings call:
“I mean, this is the trucker depression. The first quarter is going to be terrible. This is a great company. . . But there was not a single line that I was happy with. And I felt so bad. These guys are really, it’s very earnest. They’re all been there for a very long time. It’s a terrific company. But even intermodal wasn’t that good. If you read that you’d say we need a rate cut. That’s what Jay Powell should read that now so it feels really good today.”
Overall JBHT ranks 13th on our list of the stocks Jim Cramer recently discussed. While we acknowledge the potential of JBHT 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 timeframe. If you are looking for an AI stock that is more promising than JBHT 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.