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
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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
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
The stock market had a number of winners Thursday and many of them are names that have made slower gains than the rest of the market, CNBC's Jim Cramer said.
"In this newly rejuvenated market, it's time to reach for the laggards and play catch-up," the "Mad Money" host said. "The names on this list are exactly the ones that will work, given that they've fallen behind, right here, mostly through no fault of their own."
He revealed seven equities that investors could consider buying:
Shares of the toolmaker gained 2.43%. Stanley Black & Decker announced that it will shift manufacturing of Craftsmen wrenches from overseas to a new plant in Fort Worth, Texas, which explains the rally, Cramer said. That's the power of leaving China, he added.
"Until today, Stanley Black & Decker would get hammered every single time we got another flare up in the trade war because so much of their merchandise is, indeed, made in China," he said. "Now that's changing, so the stock is catching fire."
Centene is a health provider for government-sponsored programs, including the Medicare, Medicaid, and Affordable Care Act exchanges. The stock has taken a hit along with the other managed-care plays, and now its trading for less than 13-times earnings, Cramer noted.
"Now that safe, consistent domestic names have come back in style on the Wall Street fashion show, this one I think is a winner," he said.
Under Armour has an endorsement deal with the Golden State Warriors star Stephen Curry — who is currently eyeing his fourth NBA Finals championship in five years — and the apparel company has some serious momentum going, Cramer said. He called the point guard "the most compelling figure in basketball."
The stock is up nearly 24% this year.
"But the stock doesn't reflect that," he said. "You've gotta remember that Under Armour has spent the past three years bouncing along its lows. This stock was nearly $55 just four years ago. It's now a $22 stock."
The pharmaceutical company has lost more than half of its value from its highs four years ago, Cramer noted. Investors are concerned about new drugs coming to market that will rival Allergan's top-selling Botox.
"Drug stocks are back in style all of a sudden, and now that knockoff Botox has just been launched, I think the nadir has been reached," he said. "However, I think it's much better to buy something like a Merck or Abbott Labs. They've pulled back from their highs. "
Shares of the fertilizer manufacturer have tumbled to about $23 from roughly $53 in 2015, Cramer said. The company has added more technology to improve its operations, but Mosaic supplies American farmers, who are getting hurt by the U.S.-China trade war.
"I think you should probably wait until Deere reports tomorrow," he said. "I don't like the ag stocks here because they keep being linked with the Chinese. Yet, Mosaic has shown some signs of life of late."
Defense stocks have been lagging behind the broader market, but Northrop Grumman popped 3.47% Thursday. The stock is well off its highs, Cramer said.
"This is totally a function of money managers trying to find companies that recently reported great numbers, but they have very beaten down stocks," he said. "This stock sells for less than 14-times earnings, great balance sheet, just raised its dividend ... fits the bill."
With $3.36 trillion in assets under management, Charles Schwab seems to be a better bet than Goldman Sachs after the latter agreed to buy for virtually-unknown United Capital Financial for $750 million, Cramer said.
"This stock is ridiculously cheap here versus the rest of the group, especially when you consider its phenomenal asset pull, $624 million a day comes into this place, according to the Wall Street Journal," he said. "I'd buy it right here."