Jim Cramer Reveals Trump’s Potential Secret Weapon In China Trade Talks & Discusses These 10 Stocks

2. PDD Holdings Inc. (NASDAQ:PDD)

Number of Hedge Fund Holders In Q4 2024: 85

PDD Holdings Inc. (NASDAQ:PDD) is a Chinese e-commerce retailer whose shares have come under a lot of pressure due to trade tensions between the US and China. The firm operates well-known brands Shein and Temu. PDD Holdings Inc. (NASDAQ:PDD)’s shares are up by 13% year-to-date after having lost 8.8% by April 10th. Since then, the stock has gained 24% as it has benefited from tailwinds such as a local merchant model. Cramer pointed out the possible impact of trade negotiations on the firm:

“We have to focus on this ethylene, because it’s the one thing that they’re panicked on in China. They’re not panicked on copper, they’re panicked that they’re not getting ethane, which makes ethylene, which makes plastic. Because boy do they ever make make plastic, this is probably killing Temu and Shein!”