President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
A month ago, Jim Cramer said GM stock was a buy. Today, he's saying it's a fantastic buy.
If you're a regular "Mad Money" viewer, you may remember that on May 5, Cramer recommended buying shares of General Motors into the teeth of the recall, despite the lawsuits and safety concerns.
At the time, he said the stock was "absurdly cheap."
Now, Cramer knows that people have lost their lives because of GM's faulty ignitions and loss of life is something that can never be quantified. However, Cramer also says that, as an investor, it's important to view GM's stock through the lens of Wall Street.
And Cramer believes the latest results give pros every reason to buy a stock that's "absurdly cheap."
"This morning General Motors reported May sales that were way ahead of expectations. When you consider the relentless drumbeat of negative news about this company, the are eye-popping, " Cramer said.
Cramer noted that not only did 17 vehicles report double- digit sales increases, but year to date GM's average transaction price is up $2700 and inventories declined.
That says to Cramer, GM cars are not only attracting buyers, but the company is making money.
"Many pros were convinced sales would plummet due to the ignition issues," Cramer said. "But they failed to realize that GM has refreshed its product line." And at the end of the day attractive cars that are reliable sell.
Again, Cramer thinks the opportunity is significant.
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"The possibilities for even the biggest settlements involving the accidents should not phase you," Cramer said, referring to the company's strong cash position. Cramer thinks what matters much more is that General Motors has improved its product line and now sells cars, trucks and SUVs that people want to buy.
That's a big long-term bullish catalyst; one Cramer believes will drive General Motors for a long time to come.
"I believe the worst is over for this stock. It is time to buy General Motors."
On Tuesday June 4, Jim Cramer owned shares of GM on behalf of his charitable trust
Call Cramer: 1-800-743-CNBC
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