Cramer's Morning Take: Trump's Comments at the NYSE 12/12/24

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Jim Cramer (1:01)

I'm Jim Cramer, and you're about to hear a sample taken directly from today's CNBC Investing Club morning meeting.

I did have a thrill of being able to speak to the president-elect. I say thrill because this is a president-elect who uniquely likes business. He likes talking to me about stocks that's been my relationship with him since 2005 He's always liked the idea of asking who should I be talking to? What should I be doing? It feels very liberated. When I say liberated, I feel that the companies have always done well under President Biden, but that meant nothing. Here the president is saying basically, we're open for business and he particularly wants reshoring. Very, very positive. He wants to create a lot of jobs, but he is, I guess what I would say is, he is the most pro-business president I've ever seen.

SPEAKER_4 (1:45)

Sure, and it's creating a pro-business environment, which a pro-business environment, generally good. It's going to be good for stocks. I mean, when you talk about a plan where if you invest a billion dollars here, they'll expedite some permitting.

SPEAKER_1 (1:57)

Again, that's deregulatory.

SPEAKER_4 (1:59)

That's why we saw a big move in some of the industrials and the banks immediately after the election. So, certainly good things there. You spoke right to him, and he said it himself. There's going to be days the market goes up. There's going to be days that there's dips.

Jim Cramer (2:12)

There's a dip today. You have a 10-year hot air. Well, let's talk about that. Let's talk about that, because I think that what's going to happen is, look, I see NVIDIA going down. I see that. I see these stocks. I see Amazon being recommended again and again. I want to take stock of the fact that we are in a moment where rates are going a little bit higher, and that's scaring people, but we should be taking a little bit longer-term view and saying, let's be involved with the companies that are doing well, because we've had many scares in the last 20 years, and yet, look at the percentage gains we've seen from these stocks. So, we have to look to be opportunistic. We're not yet oversold, but we seem to be getting there. And you and I will have to huddle ahead of our meeting next week and be able to talk about maybe putting some money to work.

SPEAKER_1 (2:55)

And you guys talked crypto, you talked big tech CEOs, founders, Zuckerberg, Jeff Bezos is heading to Mar-a-Lago.

Jim Cramer (3:02)

No, so again, I mean, look, it's difficult to contrast.

SPEAKER_4 (3:06)

Meta, Amazon.

Jim Cramer (3:07)

Right, it's difficult to contrast the tape, so to speak, and what I said and what I got in return from the president-elect. But what I am saying is that the things that he's doing, like when he says something, which is not even, no one even seems to care, that he has a great relationship with China, a good relationship with China. Well, no one thinks he has a good relationship with China. Everyone feels that it's from the Peter Navarro wing, Peter, an old friend from college, for 50 years now, and look, I don't mind coming, I don't mind telling the truth about my friendships in this administration because some of these people, I'm not going to hide it, I've been friends with them for 50 years, I've been friends with a lot of them for 20 years, I mean, what am I going to do? I don't mind that, I actually embrace these people, they're business people, but I would say they all have one thing in common, which is that they want these stocks to do, they want these companies to do better, which would therefore make these stocks do better, and I like them.

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