We’ve put together a look at how Spotify Technology S.A. (NYSE:SPOT) stacks up against other stocks Jim Cramer recently discussed. You can check out his insights in the article about the 11 stocks he finds few reasons to sell.
On CNBC’s Squawk on the Street, Cramer talked about why the S&P index stayed stable despite challenges like trade tensions and a new government. He believes there’s a common sentiment that the current administration is good for business. He mentioned that comments from billionaires, like David Tepper, don’t always match what’s happening in the market. Cramer insisted, “the situation’s not as shaky as some claim.”
Cramer pointed out that, despite harsh actions perceived in trade relations with Mexico and Canada, there are signs of progress. He wondered why anyone would sell stocks, suggesting that doubts about the administration might drive such decisions. If things are improving, he asked, what’s the reason to sell?
He also reacted to a note from JPMorgan, which stated that policies might be turning against businesses. While he acknowledged some truth in that, he reminded his audience that deregulation has been a big demand from businesses. He added that the pace of change seemed fast, which may have felt off-putting at times.
Cramer was surprised by the administration’s approach to China. He had anticipated much harsher tariffs, but the actual policies seemed more cooperative. He felt this was a sign that the administration really wants to strike a deal.
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Jim Cramer, Squawk on the Street, Spotify, China, SPOT, President Trump, Peter Navarro
