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Jim Cramer flags stocks held hostage by China trade war

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The timeline for a potential trade deal between Washington and Beijing remains unclear, so CNBC’s Jim Cramer decided to take another look at stocks with high exposure to China before earnings season approaches.

“Let’s play a little game, I call it hostage versus non-hostage,” the host of “Mad Money” said Friday. “As in, which companies are really hostage to China, and which ones do we just assume are hostages?”

Caterpillar: Hostage

Jim Umpleby, CEO of Caterpillar Inc.

Adam Jeffery | CNBC

The company has gone on record saying that China only accounts for 5% to 10% of its business, Cramer said.

“Oil is more important than the People’s Republic. Pipelines are more important. Construction here…



Source cnbc.com

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