Cramer's Morning Take: Broadcom 3/11/25

SPEAKER_1 (0:00)

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Jim Cramer (1:01)

Hey, it's Cramer, and this is my morning take on the market from today's CNBC Investing Club Morning Meeting. We have a lot to talk about until, by the way, I want to make this clear, until the president said he was going to put a jump at the tariff double for stealing. And for Lumen, the market was going to rally, and today's a pivotal day. I don't know if he destroyed the rally. There has to be something that said within the next hour or two from Kearney saying, listen, we want to talk, because he will shut down the auto industry. Where most of our imports do come from Canada for both steel and aluminum, these are the most significant tariffs to these measures. So with that-

Jeff Marks (1:37)

And it's tariff rhetoric moving in the wrong direction, right? The market wants to see some type of resolution. They want to at least maybe see some of these measures put on and no change over a period of time, but it's still very much in flux, and that's creating uncertainty. And that's why you saw the drop in the market.

Jim Cramer (1:55)

Well, Trump's creating recession for Canada right now, because the Canadian auto is very important.

Jeff Marks (2:00)

Yeah.

Jim Cramer (2:00)

Canadian women steal very, very important. He does wood next and the housing industry goes, our housing industry, because that means the gross margins go down very quickly. I do say that NASDAQ has to lead us. I'm not as interested in- I mean, you buy Nucor if you think this is real, but I think a lot of people are going to say, wait a second, how can I buy Nucor in the recession? But Nucor is the biggest winner here for people who want it.

Jeff Marks (2:22)

Yeah, that's the debate.

Jim Cramer (2:23)

I don't trust the aluminum stocks, but I'm giving you Nucor, it's good. Alcoa is a very convoluted company. You have to be very careful if you buy that. The discretionary stocks, we're hoping for a bounce there, but we did have a couple of airlines say negative things.

Right here, you want to watch Delta and United, because United did not pre-announce. But it is tech, and the best quarter in tech was Brocombe, as we know from Thursday. If we were able to buy, I would buy Brocombe. It's down 18% for the year. But in general, what I'm seeing is, because we're minus 4.9 on the oscillator, tomorrow we'll come in most likely. I don't like to anticipate that, so we'll come in tomorrow and find ourselves very oversold, and you have to buy that oversold. Again, don't want to jump the gun, but this is, remember Brocombe had the single best quarter.

Jeff Marks (3:12)

So it's a counter-trend day, right? We're seeing recoveries in Brocombe. CrowdStrike is another big gainer today. And on the other side, we're seeing declines in stocks. We've been saying, don't chase these rallies. Instead, take advantage of them. We trimmed Abbott Labs again yesterday, took about 75 shares. So health care is a little bit weaker. We trimmed Bristol-Myers last week. And we took off some Lindy as well, first time in a long time. It's had a nice recovery. It's held onto its gains. Very defensive, very resilient business.

Jim Cramer (3:45)

By the way, it was painful to take off some at Bristol, but it was the right thing to do. Start your day with my out look on the market every morning. Visit cnbc.com/morningtake to become a CNBC Investing Club member at a special rate today.

SPEAKER_5 (4:04)

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