12 Stocks on Jim Cramer’s Radar

10. GameStop Corp. (NYSE:GME)

Number of Hedge Fund Holders: 16

Cramer called GameStop Corp. (NYSE:GME) a meme stock and instead, strongly suggested investing in Palantir.

“I think, I’ll tell you, if you want games, you gotta be in Take-Two because Take-Two’s gonna have a Grand Theft Auto brand new edition this year and that’s the one to be in. I mean, you gotta have momentum. I mean, look at what happened to EA, uh-uh, so I can’t recommend GameStop, I just know it’s a meme stock. But if you want a meme stock, of course, you just buy Palantir. I think everyone should just go buy Palantir. I mean like Palantir, it’s like, what can I say? Alex Karp, I think he’d find you if you didn’t buy Palantir and give you a little talking to.”

GameStop (NYSE:GME) is a specialty retailer that sells new and used gaming products, accessories, software, collectibles, and digital content, while also engaging in the digital asset wallet and NFT market. Cramer has previously called GME a cult stock as he commented on the company before it reported its third-quarter earnings result in December 2024.

“We have stocks like SoundHound AI and Hut 8 Corp. where there’s no real news, but they’re just real moves, okay? GameStop seems to have a similar percolation going… That’s right, all week, I’ve been talking about how I’m beginning to see some signs of excess that do make me uncomfortable. I think the reaction to GameStop, both before and after will tell us whether we need to know about how excessive things have really become.

I can’t tell you to sell it. You’ll blame me if it soars on no earnings, but I can’t tell you to buy it either because I don’t have any legitimate reason whatsoever to do so. It’s a cult stock and this is a market where people seem eager to drink the Kool-Aid. Like I said, tough moment if you wanna be a rigorous buyer of inexpensive stocks that belong to great companies.”