πŸ‡ΊπŸ‡Έ

Jim Cramer's Thoughts About the Trade Talks, Tesla, and Qualcomm

Credit: The Street
Published on May 20, 2019 - Duration: 13:02s

Jim Cramer's Thoughts About the Trade Talks, Tesla, and Qualcomm

Jim Cramer is back and ready to tackle the top headlines.

How are the Trade Talks?

President Donald Trump said Sunday in an interview with Fox News that tariffs were "totally killing" China and causing U.S. companies to move production facilities to other countries in the region, such as Vietnam.

He added that any agreement with Beijing had to be weighted in America's favor and couldn't be a "50-50" proposition.

Qualcomm Qualcomm is Real Money's stock of the day.

It's been reported that Qualcomm will no longer supply with the components that it needs to continue building its worldwide 5G networks.

Real Money's Kevin Curran took a look at Qualcomm and the China impact.

"We think that the U.S. government action against Huawei creates risk for chip companies that might have high exposure to Huawei," Nomura analyst David Wong wrote in a note on Sunday evening.

Qualcomm is clearly one such company, given it draws nearly two-thirds of its revenues from China -- and CEO Steve Mollenkopf noted Huawei was picking up market share in the important region in a conference call on May 1.

So, out of all of the companies being impacted by the U.S.'s tensions with China, why is Qualcomm the stock of the day?

Cramer explains.

Wedbush's Note on Tesla Wedbush released a note on Tesla , where they cut the company's price target to $230 from $275.

Analysts dug into the company's path to profitability, the company's new CFO and the many projects that Tesla has undertaken.

"We continue to have major concerns around the trajectory of Tesla's growth prospects and underlying demand on Model 3 in the U.S. over the coming quarters which is putting more heat in the kitchen on Musk & Tesla to reign in expenses at an accelerated rate with profitability targets in [the second half of 2019], a Kilimanjaro-like uphill climb, in our opinion," wrote Wedbush.

Advertisement

You are here

Recent related videos from verified sources

Jim Cramer on Why Broadcom is Broadly Disappointing 01:16
Credit: The Street - Published 3 days ago 

Citizens Financial CEO Talks Trade, Regulatory Environment and Consolidation 08:14
Credit: The Street - Published 3 days ago 

Why Jim Cramer Doesn't Think There'll Be a Definitive Trade Deal at G20 01:30
Credit: The Street - Published 6 days ago 

Jim Cramer's Thoughts on the Trade Talks, Beyond Meat and FAANG 12:49
Credit: The Street - Published 6 days ago 

Jim Cramer: The One Thing That Could 'Break' the U.S. China Trade Talks 01:51
Credit: The Street - Published 1 week ago 

Why the Market Hasn't Fully Priced in the Mexico and China Tariffs 01:46
Credit: The Street - Published 2 weeks ago 

Boeing CEO Says Both Countries Have A Desire for Solution in US-China Trade War 02:15
Credit: The Street - Published 3 weeks ago 

Jim Cramer: FedEx, Huawei, Fiat Chrysler, and The Latest on US-China Trade 07:55
Credit: The Street - Published 3 weeks ago 

You might like