7 Stocks on Jim Cramer’s Radar

5. Best Buy Co., Inc. (NYSE:BBY)

Number of Hedge Fund Holders: 37

Cramer noted Best Buy Co., Inc.’s (NYSE:BBY) stock decline and mentioned that he is not ready to give up on it.

“Well, you know what, I’ve got a, we have a meeting next week for the club and I feel very, very strongly that Best Buy is too cheap down here. It has been a one-way ticket to Hades from $103 all the way down here, yields 4.5%. I don’t want to give up on Best Buy… I don’t know why this stock can’t even lift for a single day though.”

Best Buy (NYSE:BBY) is a retailer offering a broad selection of technology products, such as computers, mobile devices, electronics, home appliances, entertainment products, and more. In November 2024, when BBY stock was at $89.54, Cramer said:

“Now we’ve seen a bunch of retailers’ reports not sweating numbers yet in many cases, their stocks still roared. Meanwhile, others like Target get clubbed like baby seals. It’s treacherous to start buying these now because many of these stocks have run mightily in the last few days… Is Best Buy still a category killer? We trimmed some of our position for the Charitable Trust this week after a big gain because we listened to tales of woe that we got from Home Depot and Lowe’s. This one is what I call too fraught. Then again, the shorts are on the ride and no one really expects much from Best Buy. So if it gives us anything good at all, then it’s to the moon…”