Cramer says focus less on how China affects American stocks

CNBC’s Jim Cramer on Monday advised investors to give less thought to how China could affect U.S. stocks.

“No matter how disappointing the growth numbers we see in China — and very disappointing — people still want to buy U.S. stocks that are seen as having a significant relationship with China,” Cramer said. “U.S. investors are simply not going to give up. They just need to find something in their argument that even though the Chinese economy is collapsing, China is still a happy place for anyone flexible enough to invest in their economy.”

Cramer highlights construction equipment makers caterpillarHe said it was an “amazing story” but not a “Chinese story”. He said Caterpillar is more influenced by factors such as the U.S. oil, infrastructure and data center markets and the global minerals market.

Cramer also said the retail giant nike Shouldn’t be considered a China stock because while the company is indeed popular there, it only accounts for 14% of the business, compared to 42% in North America and 26% in Europe.

But Cramer acknowledged that China did have an impact on some companies, such as ralph lauren, the company’s growth in the Chinese market has been significant.he also mentioned StarbucksThe company plans to open thousands of new stores in China over the next few years, he said. He said he supported buying shares in the companies as long as their U.S. operations continued to be stable, but warned that investors could no longer pour money into the companies solely based on their activities in China.

“Go ahead and imagine how China’s influence can contribute to the growth of a U.S. company,” Cramer said. “But I think you’d better find a Chinese company that can accelerate growth by being in the U.S. because we’re in a much better position than they are now.” .”

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Disclaimer: The CNBC Investment Club Charitable Trust owns shares of Starbucks and Caterpillar.