7 Stocks on Jim Cramer’s Radar

3. Paramount Global (NASDAQ:PARA)

Number of Hedge Fund Holders: 54

A caller asked for help regarding Paramount Global (NASDAQ:PARA) and in response, Cramer said:

“Take the money and run. It’s kind of a done deal. We move on to the next, we find the next big one. I suggest that you actually take a look at Disney, which is really cheap.”

Paramount Global (NASDAQ:PARA) is a media and entertainment company that offers television networks, streaming services, and film production, with a portfolio of well-known brands and studios for both domestic and international distribution. In 2023, when a caller inquired about the company during a lightning round, Cramer said:

“Boy, I’ll tell you the entertainment stocks are so hated, I think you might be able to get this thing two points or three points lower but it’s not expensive anymore.”

Since the comment was aired in September 2023, Paramount Global (NASDAQ:PARA) stock declined more than 9%.