5 Best Jim Cramer Stocks to Buy Now

4. S&P Global Inc. (NYSE:SPGI)

Number of Hedge Fund Holders: 84  

S&P Global Inc. (NYSE:SPGI) provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It is one of the top Jim Cramer stocks to invest in. On October 12, Cramer placed the firm among a basket of companies whose shares could pop in the coming weeks and months. 

On August 29, Oppenheimer analyst Owen Lau maintained an Outperform rating on S&P Global Inc. (NYSE:SPGI) stock and raised the price target to $419 from $404, noting that the large stabilization in capital markets injects confidence that the shares can regain their footing. 

Among the hedge funds being tracked by Insider Monkey, investment firm TCI Fund Management is a leading shareholder in S&P Global Inc. (NYSE:SPGI), with 8.8 million shares worth more than $2.96 billion. 

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and S&P Global Inc. (NYSE:SPGI) was one of them. Here is what the fund said:

“Another example is S&P Global (NYSE:SPGI), the leading rating agency and data provider, whose stock declined 29.0% year-to-date and 17.5% during the second quarter as a result of growing investor concerns over the slowdown in debt issuance. While debt issuance volumes have seen a dramatic decline – the worst quarterly decline in a decade (down 41% year-over-year in the second quarter based on Goldman Sachs estimates), – and this led management to withdraw its 2022 guidance in early June, we do not believe it would result in a permanent loss of capital.

First, ratings represent only about 30% of S&P Global’s total revenues. Second, despite inherent volatility in quarterly or annual issuance, over the long-term issuance volumes follow the trends in levels of debt outstanding, which has compounded in the mid-single digits for many years. Lastly, we believe that S&P Global’s strong competitive positioning will enable it to continue benefiting from pricing power, while taking advantage of secular tailwinds such as the growth in passive and ESG investing, international expansion, and the growing demand for data analytics.”