We recently published a list of Jim Cramer Discusses These 10 Stocks & President Trump’s Tariffs. In this article, we are going to take a look at where Viking Holdings Ltd (NYSE:VIK) stands against other stocks that Jim Cramer discusses with insights on President Trump’s tariffs.

In a fresh appearance on CNBC’s Squawk on the Street, Jim Cramer started the show by sharing his thoughts on President Trump’s tariffs against Canada and Mexico. Cramer was surprised that markets were reacting negatively to the news as Trump had promised similar actions during his election campaign. “Well, first I mean, he said this over and over again. And if you didn’t take him seriously, I don’t know what you were thinking,” Cramer shared. “I mean this is what you elected, okay. You elected this, you elected the idea that we have too many people coming from Mexico. You elected the fentanyl. You elected that we have a strong stand against China,” he added.

However, Cramer wondered “Did you elect the Canada? That’s a little bit more harder to understand. But I just think well what were you worried about other than the fact he was going to do this.” Tying the President’s election promises into market performance, he outlined “So the market was way too high, but even last night, as soon as this came out, NASDAQ was down 2.6%. Now it’s come back. I think it has to revisit that level, David.”

The CNBC host also cautioned against reading too much into negativity. He shared that “I was watching someone on Frank’s show this morning, 5 o clock, and the person was basically, she was like [an] end of the world-er.” However, Cramer’s “Not an end of the world-er. I think it’s going to be a rough day, the market will. . . one point off a percent and a half of off the high, take it in.”

As to the impact on the US from the tariffs on Canada when it comes to oil, Cramer believes that it can be limited. According to him “It’s oil but it’s only ten percent. They have one terminal that exports in Vancouver. So the oil is going to get ten percent, arguably maybe even we drill more.”

Cramer also believes that President “Trump thinks that Canada is taking advantage of us. Wants that to stop.” As for what he believes, he shared “We have a bad trade deficit with them. We have a trade deficit with Mexico. I think that you can play the obvious ones. The autos are really kind of trying to figure out how much their cars cost.” The host also wondered about the end goal of the President’s tariffs. “I don’t know whether he [Trump] wants Volkswagen to say listen we make fifty thousand cars in Puebla, we’re going to build a plant here,” Cramer said. He added “I mean I think the only way to alleviate it is to say you’re going to build a plant. That takes a long time.”

One announcement that left him confused was the one about 10% tariffs on China, which were quite low compared to the 25% announced on Canada and Mexico. According to Cramer:

“I think that Canada and Mexico can come down. But China, whose really gift. China can go up. I felt China was, listen guys, ten percent’s real low. Come to the table, but we will raise it. So I think the difference is, that Mexico, Sheinbaum they have to talk. Canada they come down. But this was a gift to China. Why don’t people realize it was a gift to China.”

Delving deeper, he outlined:

“I think China can say, holy cow, we’ve gotta come to the table. Or we could get what happened to Canada. . . .the hardliners lost. I think the hardliners lost here. The hardliners wanted a much higher tariff on China. They wanted things shut down.”

Our Methodology

To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on February 3rd.

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).

Viking Holdings Ltd (NYSE:VIK)

Number of Hedge Fund Holders In Q3 2024: 49

Viking Holdings Ltd (NYSE:VIK) is one of several cruise ship companies that has benefited from a stronger dollar and a resurgence in travel following the coronavirus pandemic. The firm listed its shares for trading in March last year. Since then, Viking Holdings Ltd (NYSE:VIK)’s stock has gained 95% as benefits from higher demand allowed it to book 70% of its 2025 capacity by November last year. Cramer has been appreciative of cruise ship stocks in his previous appearances, and he kept the trend this time around as well. Here’s what he shared about Viking Holdings Ltd (NYSE:VIK):

“Travel is just unbelievable, it stays strong. . . .. travel’s insanely . . .it’s just what we did since COVID. It was a major change in our lifestyle. I think cruises are really the most indicative of what’s happened. . . .I like Viking. Viking’s really terrific. These really do well when a strong dollar and they have when the numbers are too low. Buy em.”

Overall, VIK ranks 5th on our list of stocks that Jim Cramer discusses with insights on President Trump’s tariffs. While we acknowledge the potential of VIK 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 VIK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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