In this article, we discuss 5 best Jim Cramer stocks to buy now. If you want to see more best Jim Cramer stocks to buy, the risk/reward, and methodology of this list, go directly to 10 Best Jim Cramer Stocks to Buy Now.
5. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Holders: 112
Entertainment conglomerate The Walt Disney Company (NYSE:DIS) is down nearly 36% year to date given macroeconomic headwinds. Nevertheless Jim Cramer likes the company saying recently, “Disney’s the defining story of the day. This is a good example of how you can stick with an iconic company … and make money when they bring in a better leader. And that’s exactly what I see happening as Iger takes the helm.”
In November, Bob Iger returned as the leader of The Walt Disney Company (NYSE:DIS) after the company reported disappointing fourth quarter results. 112 hedge funds we track owned shares of The Walt Disney Company (NYSE:DIS) at the end of Q3.
4. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 140
Apple Inc. (NASDAQ:AAPL) ranks #4 our list of 10 Best Jim Cramer Stocks to Buy Now given 140 hedge funds in our database owned shares of the tech giant at the end of Q3. In early October, Cramer said he thinks Apple Inc. (NASDAQ:AAPL) is a great stock to own when shares were around the same price as they are now.
Apple Inc. (NASDAQ:AAPL) has a strong ecosystem and a loyal customer base that has made the company the most valuable in the world. Although EPS growth will be harder given its size, Apple Inc. (NASDAQ:AAPL) has spent a lot on stock repurchases in the past and will likely continue to do so in the future.
3. Alphabet Inc. (NASDAQ:GOOG)
Number of Hedge Fund Holders: 156
Alphabet Inc. (NASDAQ:GOOG) is a leading internet search provider and the owner of YouTube. Although growth has slowed recently, Cramer has said “Google remains the best way to advertise” in the past. With its dominance in search and its world-class employees, Alphabet Inc. (NASDAQ:GOOG) has the financial resources and the technological capability to create new products that could increase its EPS further in the future. Analysts expect the company to earn $4.74 per share in 2022, $5.29 per share in 2023, and $6.18 per share in 2024.
156 hedge funds in our database owned shares of Alphabet Inc. (NASDAQ:GOOG) at the end of Q3.
2. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 269
Jim Cramer has recommended Amazon.com, Inc. (NASDAQ:AMZN) in the past given the company’s strong Amazon Web Services cloud business which is still growing rapidly despite its large size. 269 hedge funds in our database also like the stock as they owned shares of Amazon.com, Inc. (NASDAQ:AMZN) at the end of the third quarter.
Diamond Hill Capital Management commented on Amazon.com, Inc. (NASDAQ:AMZN) in a Q2 2022 investor letter,
Amazon.com, Inc. (NASDAQ:AMZN)’s shares underperformed as valuations of fast-growing companies continued to compress in Q2. Amazon’s growth investments over the past two years have pressured earnings as consumer demand has been weaker than anticipated. However, we believe the company will be able to grow into its infrastructure investments over time. These investments have obscured the magnitude of sustainable free cash flow as well as the attractive valuation of the business relative to peers.
1. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 269
Microsoft Corporation (NASDAQ:MSFT) ranks #1 on our list of 10 Best Jim Cramer Stocks to Buy Now given 269 hedge funds in our database were long shares of the software giant at the end of the third quarter. In late November, Jim Cramer said he thought Microsoft Corporation (NASDAQ:MSFT) along with 9 other tech and software stocks could make a comeback after the U.S. central bank finished tightening the economy.
Baron Funds commented on Microsoft Corporation (NASDAQ:MSFT) in a Q3 2022 investor letter,
Shares of Microsoft Corporation (NASDAQ:MSFT) pulled back with the overall software industry on the back of macroeconomic issues, including inflation concerns and rising interest rates. The company reported another strong quarter, highlighted by total revenues growing 16% on a constant currency basis and Microsoft Cloud revenues, now 48% of total sales, growing 33%, with Azure (Microsoft’s infrastructure cloud) growing 46%. These results were driven by strong demand for large commercial cloud contracts, as more businesses are standardizing on Microsoft’s platform and the company is signing larger and longer deals. Initial fiscal year 2023 guidance calls for healthy double-digit revenue and operating income growth. Both foreign exchange and personal computer headwinds were contemplated in the guidance and have continued to worsen, but we have conviction in the company’s strong competitive positioning, durable growth drivers, and margin expansion opportunity over the mid- to long term.
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