5 Best Jim Cramer Stocks to Buy Now

2. CME Group Inc. (NASDAQ: CME)

Number of Hedge Fund Holders: 60    

CME Group Inc. (NASDAQ: CME) stock has returned 26% to investors in the past twelve months. It is placed second on our list of 15 best Jim Cramer stocks to buy now. The firm operates a global derivatives marketplace that also offers trades related to cryptocurrencies. On April 13, while answering a question from a caller on his show, Cramer said that he was a believer in the stock, a catchphrase that he uses as code for those seeking advice to buy the stock since it offers growth potential. 

On June 1, investment advisory Morgan Stanley initiated coverage on CME Group Inc. (NASDAQ: CME) stock with an Equal Weight rating and a price target of $228, noting that the firm had a wide moat to protect transactional revenue. 

At the end of the first quarter of 2021, 60 hedge funds in the database of Insider Monkey held stakes worth $2.3 billion in CME Group Inc. (NASDAQ: CME), up from 58 the preceding quarter worth $2.2 billion.

In its Q1 2021 investor letter, Cooper Investors, an asset management firm, highlighted a few stocks and CME Group Inc. (NASDAQ: CME) was one of them. Here is what the fund said:

“CME has been owned by the portfolio for five years. CME’s strategic positioning as a monopolistic global financial exchange operator will continue to afford the business a highly attractive margin profile. CME is well managed however we can no longer identify clear value latency opportunities for the management team to execute against and so decided to exit our position.”