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“This Is a Horrible Stock Market, Not a Horrible Stock” – Jim Cramer Defends Broadcom (AVGO) [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
On Tuesday, Jim Cramer, host of Mad Money, discussed the impact of tariff-induced market volatility and he also discussed how it affects some retail companies. “The market looked terrific when I went out to lunch today … Then I came back and all the gains that I saw were gone. So many wins had turned into losses. So much had melted down. I mean, holy cow. An incredible reversal, a severe reminder of the fragility of this market.” READ ALSO: Jim Cramer Talked About These 8 Stocks and Jim Cramer's Game Plan: 10 Stocks in Focus Cramer then turned his attention to the decision by the U.S. government to impose a 46% tariff on goods from Vietnam. He noted that Vietnam floods the U.S. market with products while importing very little in return. However, he pointed out that Vietnam is a poor country and questioned what it could even afford to purchase. “So why did the White House hit Vietnam with a 46% tariff? Because the trade team believes that Vietnam's a transshipment country. The
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