Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
With new signs suggesting that the global economy is picking up steam, where should you put money to work?
"I believe the emerging markets are where the real growth is, worldwide, " said Cramer.
And analysis from Ed Ponsi, managing director of Barchetta Capital Management – and a Cramer colleague at RealMoney.com - suggests that of all the emerging nations, India may be among the best bets.
Why is Ponsi bullish on the Wisdom Tree India ETF (TICKER: EPI), which is made up of companies headquartered in India? Here's what he tells Cramer:
- The Moving Average Convergence Divergence indicator, or MACD has made a bullish crossover.
- The ETF broke out above a major descending trend-line that had previously represented a significant ceiling of resistance.
- The ETF broke out above its 50-day moving average for the first time in more than three months.
- A recent rally in the EPI over the past week and a half has occurred on strong volume.
All told, Ed Ponsi believes the confluence of bullish chart patterns could mean significant upside.
Beyond these chart patterns, Ponsi sees a fundamental reason why shares of India based companies may rally.
India's rupee has been growing weaker against the US dollar for quite some time. However, Ponsi believes the rupee may have bottomed last week.
"When the rupee was getting crushed, nobody wanted to own rupee-denominated assets, like the Indian stocks that make up this ETF," Cramer added.
However, an anti-inflation leadership change at the Central Bank of India has generated new confidence in the currency. Therefore, companies headquartered in India may attract buyers on the belief they will benefit from this shift.
Cramer finds the analysis intriguing.
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"In this environment your portfolio certainly needs to have some international exposure," he said. "India is on the risky side, but there's no denying that it's got growth, and if their central bank can really get inflation under control, then you certainly might want some exposure to India stocks in your portfolio. "
However, Cramer added he can only bless this stock as a 'spec'.
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