10 Jim Cramer Stocks to Watch This Month

2. Vistra Corp. (NYSE:VST)

Number of Hedge Funds Investors: 97

Recently, Jim Cramer was asked about Vistra Corp (NYSE:VST). He urged the investors to wait for a pullback.

“I do believe that there’s an energy shortage, but I must tell you that I think that the speculative stocks are trading together. I think this one should come down, and I want you to wait till the 27th. That’s when they report, and I think the stock could be weaker.”

Meridian Hedged Equity Fund stated the following regarding Vistra Corp. (NYSE:VST) in its Q3 2024 investor letter:

“Vistra Corp. (NYSE:VST) is an integrated retail electricity and power generation company, primarily serving Texas and the Midwest. We own Vistra because we expect power markets to continue tightening as baseload supply declines, coupled with rising demand from data centers, electric vehicles, and manufacturing reshoring. These factors create a favorable pricing environment for Vistra’s generation fleet, especially its nuclear and gas assets. The stock performed well during the period for three key reasons: tightening energy markets and strengthened pricing in forward-year energy contracts, the continuation of Vistra’s aggressive share repurchase program, and the company’s announced plan to acquire the remaining interest in Vistra Vision at an attractive valuation. Additionally, the company reaffirmed its 2024 guidance, indicating that results are trending toward the upper end of the previously projected range. We took advantage of the stock’s strength this quarter to trim our position.”