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Cramer: When it comes to China tariffs, this international stock is the 'least shortable'

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With President Donald Trump's recently announced tariffs on steel and aluminum imports dominating discussions on Wall Street, CNBC's Jim Cramer discovered something investors might not be seeing.

"Money flows from where it's scared to where it's safe and it does so in a hurry," the "Mad Money" host said on Monday. "We saw this happen late Friday afternoon. It occurred again today."

Trump's tariffs are meant to curb steel and aluminum "dumping," or keeping costs artificially low to stifle foreign competition, by other countries. A top target is China, which has been producing and exporting cheap steel to the United States for years. U.S. steel companies say Chinese dumping has hurt the industry.

Many are worried about Chinese retaliation as a result of these tariffs, causing investors to flee from stocks of companies that use steel in their products to "safer" investments.

To explain this phenomenon, Cramer pointed to his age-old acronym for the market's tech giants: FANG, short for Facebook, Amazon, Netflix and Google, now Alphabet.



Source :- abcnews
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