In our recent coverage, we highlighted Jim Cramer's views on American economic strength, particularly in relation to a list of 13 stocks he defended. This article provides a deeper analysis of Costco Wholesale Corporation (NASDAQ:COST) and its standing among the stocks discussed by Cramer.

In his latest segment on CNBCs 'Squawk on the Street', Cramer emphasized a frequently overlooked aspect of the stock market: the impact of currency fluctuations. He pointed out that a weaker U.S. dollar could actually work to the advantage of American companies, particularly in the face of tariffs. Cramer remarked, The tariffs are going to be offset by the weak dollar. People forget that. And weak dollars good. We have a lot of people who work at the network who think weak dollars bad. I dont know where they get that, because if you listen to a conference call, the weak dollar could save us from the tariffs. This perspective challenges the conventional wisdom that a weak dollar is detrimental to the economy, suggesting instead that it can provide a buffer against international trade barriers.

As the discussion transitioned toward the global landscape and the escalating strategic rivalry with China, Cramer referenced the book Death by China. This book, written by Peter Navarro, addresses concerns regarding Chinas growing technological prowess and the implications of this dominance for U.S. national security. Cramer elaborated, Look, in 2011, I got Death by China. When you stop, and the book is about Navarro, and its basically about World War III. He doesnt mention that. Im adding that. Graham Allison talks about World War III. He was one of my professors. So, hey, listen up. You cant even, so its not even stock right now, but Death by China just talks about their grand plan to take us over. Cramer warned that the contents of this book are more relevant than ever, suggesting a grave level of concern regarding the competitive intentions of China.

Moreover, Cramer expressed his belief that the U.S. is still leading in this global competition, stating, I think that there should be a great competition and real arms race. We shouldnt be helping them and lets see who wins. [] Look, I think that were unbelievably great. Were well ahead in scale. I dont trust the Chinese. I would never want to use their stuff because I think that they would in the end be, youd be captive to that regime. I think that were still ahead. His remarks underscore a sentiment of American resilience and caution in the context of international business and technology.

To compile our list of stocks that Cramer discussed, we focused on those he mentioned during the airing of CNBCs 'Squawk on the Street' on April 16th. Additionally, we included insights into the number of hedge fund investors backing these stocks. This is pertinent because our research indicates that mimicking the stock selections of top hedge funds can yield significant market advantages. Notably, our quarterly newsletter has employed a strategy that selects both small-cap and large-cap stocks, achieving an impressive return of 373.4% since May 2014, outpacing our benchmark by an astonishing 218 percentage points.