5 Best Jim Cramer Stocks to Buy Now

2. Twitter, Inc. (NYSE:TWTR)

Number of Hedge Fund Holders: 69  

Twitter, Inc. (NYSE:TWTR) operates as a platform for public self-expression and conversation in real-time. It is one of the elite Jim Cramer stocks to invest in. Although Cramer is bullish on the stock in the near-term, he has cautioned that the Elon Musk back-and-forth on purchasing the company could ultimately hurt the shares. 

On October 5, Citi analyst Ronald Josey maintained a Neutral rating on Twitter, Inc.  (NYSE:TWTR) stock and raised the price target to $54.20 from $40. 

At the end of the second quarter of 2022, 69 hedge funds in the database of Insider Monkey held stakes worth $2.4 billion in Twitter, Inc. (NYSE:TWTR), compared to 68 in the preceding quarter worth $2 billion. 

In its Q2 2022 investor letter, RGIGA Investment Advisors, an asset management firm, highlighted a few stocks and Twitter, Inc. (NYSE:TWTR) was one of them. Here is what the fund said:

“Early in the second quarter, we sold our Twitter (NYSE:TWTR) shares on the official announcement that Elon Musk would acquire the company at $54.20 per share. Although we typically would wait for what was then a large 7% merger/arb spread to close, we figured in this market environment it would be beneficial to move aside in the event future drama might ensue while building cash in order to opportunistically deploy into better opportunities. During the quarter, we saw the chance to do so and bought shares in four companies.”