Jim Cramer breaks down how a truce between the U.S. and China could alleviate the headwinds for 3M.
CNBC's Jim Cramer on Monday noted that shares of 3M, the company that makes Scotch tape and Post-it notes, have been soaring since the Federal Reserve ended plans to raise interest rates in 2019.
"3M could get hit again when it reports on [April] 25th," the "Mad Money" host said."They have auto exposure and a lot of Chinese business, so the tariffs hurt. But if we get a trade deal with China, then people will overlook the current weakness and buy the stock hand over fist." Because the market has had an"incredible" run, many of these downgrades seem to be warranted and action oriented, Cramer said.
Those three companies looked like"roadkill" at the beginning of the year, but Cramer said the stocks have since recovered their losses.2U, the online education platform for colleges and universities, announced Monday that it inked a $750 million deal for Trilogy Education Services. Trilogy is a technology company that offers skill-based technology courses.
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