5 Jim Cramer Stocks This Month

1. Etsy, Inc. (NASDAQ:ETSY)

Number of Hedge Fund Holders: 45

Earlier this month, Jim Cramer recommended young investors to buy Etsy, Inc. (NASDAQ:ETSY). Cramer said that Etsy, Inc. (NASDAQ:ETSY) could post long-term gains for investors who are willing to stomach some short-term risks. Cramer thinks Etsy, Inc. (NASDAQ:ETSY)’s underlying business is solid.

In January, Wolfe Research started covering the stock with a Peer Perform rating. The analyst thinks Etsy, Inc. (NASDAQ:ETSY) offers a “differentiated consumer value proposition” and an “attractive profitability profile.”

Etsy, Inc. (NASDAQ:ETSY) saw a sharp increase in hedge fund sentiment during the third quarter of 2022. A total of 45 hedge funds tracked by Insider Monkey reported owning shares in Etsy, Inc. (NASDAQ:ETSY) at the end of the September quarter, much more than 29 hedge funds in the previous quarter. The biggest stakeholder of Etsy, Inc. (NASDAQ:ETSY) was Natixis Global Asset Management’s Harris Associates which owns a $190 million stake in the company.

Here is what ClearBridge Investments Mid Cap Growth Strategy has to say about Etsy, Inc. (NASDAQ:ETSY) in its Q3 2022 investor letter:

“Stock selection in the consumer discretionary sector proved a tailwind to performance. Etsy (NASDAQ:ETSY), which operates a number of online marketplaces for craft and artisan goods, delivered second quarter results that demonstrated the company’s pricing power, cash flow generation, and margin upside remain intact. While Etsy is experiencing declines in gross merchandise sales, it is seeing better than expected take rates and improved margins. We believe the company is well-positioned to grow advertising spending on its marketplace, bring in new buyers and strengthen its e-commerce advantages.”

You can also take a peek at 10 Hot Tech Stocks To Buy Now and 10 Hot Healthcare Stocks To Buy Now.