5 Stocks Jim Cramer Is Talking About Right Now

In this article, we’ll be going over 5 stocks Jim Cramer is talking about right now. To see more of these stocks, you can go see 10 Stocks Jim Cramer Is Talking About Right Now.

5. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 108

According to Cramer, Netflix, Inc. (NASDAQ:NFLX) is a leading stock in the S&P 500 communications services sector as of this June. The stock’s up by 35.78% year-to-date as of June 3.

On May 31, Jefferies reiterated a Buy rating on Netflix, Inc. (NASDAQ:NFLX) alongside placing a $440 price target on the stock.

Our hedge fund data shows 108 hedge funds long Netflix, Inc. (NASDAQ:NFLX) in the first quarter, with a total stake value of $7.5 billion.

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 132

There were 132 hedge funds long NVIDIA Corporation (NASDAQ:NVDA) in the first quarter, with a total stake value of $12.3 billion.

NVIDIA Corporation (NASDAQ:NVDA) is also among the winners and leaders of the technology sector, according to Cramer.

Shares of NVIDIA Corporation (NASDAQ:NVDA) are up by 174.73% year-to-date as of June 3.

On May 25, Vivek Arya at BofA raised the price target on NVIDIA Corporation (NASDAQ:NVDA) from $340 to $450 and kept a Buy rating on the stock.

3. salesforce.com, inc. (NYSE:CRM)

Number of Hedge Fund Holders: 136

Wells Fargo has an Overweight rating on salesforce.com, inc. (NYSE:CRM) as of May 30, alongside a $250 price target.

salesforce.com, inc. (NYSE:CRM) had 136 hedge funds long its stock in the first quarter. Their total stake value was $9.1 billion.

Cramer mentioned salesforce.com, inc. (NYSE:CRM) as one of the leaders in the S&P 500 technology sector as well. The stock is up 58.06% year-to-date as of June 3.

Vulcan Value Partners made the following comment about salesforce.com, inc. (NYSE:CRM) in its first-quarter 2023 investor letter:

Salesforce, Inc. (NYSE:CRM) was a material contributor during the quarter. The company has taken numerous positive steps to increase profitability more quickly than expected. Salesforce also improved its corporate governance by recommending three new board members. The company is focused on improving margins, deemphasizing acquisitions, and has expanded its stock buyback plan from $10 billion to $20 billion. We believe Salesforce can pursue these opportunities while continuing to increase its competitive position.

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 204

About 204 hedge funds held stakes in Alphabet Inc. (NASDAQ:GOOGL) in the first quarter, with a total stake value of $17.7 billion.

The communications services sector has been winning in 2023 because of leading stocks like Alphabet Inc. (NASDAQ:GOOGL), according to Cramer. The stock is up by 39.89% year-to-date as of June 3.

Justin Post at BofA holds a Buy rating and a $128 price target on Alphabet Inc. (NASDAQ:GOOGL) as of May 24.

1. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 220

Meta Platforms, Inc. (NASDAQ:META) is up by 118.54% year-to-date as of June 3. This performance has made it a leader in the S&P 500 communications services sector, according to Cramer.

An Overweight rating and a $270 price target were reiterated on Meta Platforms, Inc. (NASDAQ:META) shares on May 23 by Thomas Champion at Piper Sandler.

Meta Platforms, Inc. (NASDAQ:META) was seen in the portfolios of 220 hedge funds in the first quarter, with a total stake value of $25.1 billion.

Artisan Partners mentioned Meta Platforms, Inc. (NASDAQ:META) in its first-quarter 2023 investor letter:

“Our top contributors in Q1 were Meta Platforms, Inc. (NASDAQ:META), Warner Bros Discovery (WBD) and FedEx. Following sharp declines in 2022, shares of Meta Platforms have more than doubled since their early November 2022 lows. Last year’s drawdown created a highly favorable risk-reward, which we took advantage of by adding to our position. Management has wisely, in our view, recalibrated its spending plans to focus on profitability amid a weaker advertising environment, increased TikTok competition and Apple’s privacy changes. While investors got ahead of themselves back in 2021, extrapolating pandemic growth rates into the future, Meta is still a highly successful enterprise generating over $120 billion of revenue annually on a run-rate basis and has more than $40 billion in cash on its balance sheet to help it navigate its future course. Recent usage and engagement trends for Facebook and Instagram have been positive, and Reels—Meta’s answer to TikTok—is gaining traction.”

See also 10 Stocks Jim Cramer Thinks Can Weather a Debt Default and 10 Chinese Stocks Billionaires Are Loading Up On.