The CNBC Investing Club with Jim Cramer held its Monday morning meeting, discussing the market’s reaction to uncertainty surrounding tariffs on Mexico and Canada. The February ISM manufacturing data missed estimates, leading to a decline in stocks tied to semiconductors and data centers.
Semiconductors like Nvidia and Broadcom fell 4.4% and 1.6%, respectively. Electric power company Eaton took a hit, down 1.7%. In contrast, some companies are bucking the trend, such as Texas Roadhouse, which has held up well due to its majority US-based restaurants, and Off-price retailer TJX Companies, which benefits from massive discounts on inventory.
In healthcare, Abbott Labs saw minimal impact from tariffs, while Linde noted that a potential currency devaluation could be beneficial for the company. CrowdStrike shares rose 1% ahead of its fourth-quarter earnings, with Wells Fargo naming it their “signature pick.” However, analysts are cautious due to concerns about net new annual recurring revenue estimates.
Jim Cramer’s Charitable Trust has exposure to several stocks, including Nvidia, Avago, TJX, Texas Roadhouse, Abbott Labs, Linde, and CrowdStrike. As a subscriber, you can expect trade alerts before Jim makes a trade, with waiting periods of 45 minutes or 72 hours depending on the company. Note that investing in the club involves no fiduciary obligation or duty, and no specific outcome or profit is guaranteed.
Source: https://www.cnbc.com/2025/03/03/these-4-stocks-have-limited-exposure-to-trumps-new-tariffs.html