We recently published a list of Jim Cramer Discussed These 10 Stocks Recently. In this article, we are going to take a look at where Accenture plc (NYSE:ACN) stands against other stocks that Jim Cramer discussed recently.
Last Friday, Jim Cramer, host of Mad Money, raised an interesting point about the state of IPOs and their potential growth, had the new administration approached tariff policies more thoughtfully.
“It’s worth thinking about this week for a moment and what it would’ve meant just a few months ago if things hadn’t gotten so far off the rails. What would’ve really happened? What would we have been talking about if it hadn’t been about these ephemeral issues of trade and tariffs?”
READ ALSO: Jim Cramer on These 9 Stocks Recently and Jim Cramer’s Thoughts on These 5 Stocks
He questioned what the conversation would have been like if the White House had taken a more balanced and measured stance in negotiations with trading partners, one that would not have negatively impacted the stock market or shaken consumer confidence. He speculated that if that had been the case, we might have been celebrating our tenth multi-billion dollar IPO by now.
“Except unfortunately the new president and antitrust regulators are much tougher than anybody expected, even if they’re tough in a different way from the Biden people. Turns out the Trump regulators share the same anti-business philosophy as the Biden people.”
He also discussed how recent IPOs, which were once among the most talked-about stocks, have now turned into disappointing performers in just a month. Cramer noted that when fear takes hold of the market, investors often panic and sell off even the most promising stocks. In fact, he pointed out that many of the recent IPOs have been hit hard, as nervous investors are quick to cash out.
“Now here’s the bottom line: Even after today’s rebound, tons of stocks are still so far down from their highs and I think we’ve reached a point where you can hunt for opportunities in the hardest hit names assuming you stick with the best operators.”
Our Methodology
For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 14. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
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Accenture plc (NYSE:ACN)
Number of Hedge Fund Holders: 79
During the episode, a caller asked if they should hold or sell Accenture plc (NYSE:ACN). In response, Cramer said:
“Accenture reports next week. A lot of people feel the quarter’s going to be light. I don’t feel that way. I think you should buy it here.”
Accenture plc (NYSE:ACN) is a professional services company specializing in strategy, consulting, technology, and operations, offering services such as application solutions and intelligent automation. Diamond Hill Capital stated the following regarding Accenture plc (NYSE:ACN) in its Q3 2024 investor letter:
“We continue finding compelling new ideas, even as the bull market proceeds. In Q3, we initiated three new positions in Aon, Accenture plc (NYSE:ACN) and Builders FirstSource. Accenture is a leading global IT services and consultancy business. We think the services it provides — which are differentiated and in specialty areas relative to many of its peers — are critical and will be in high demand in the technology ecosystem for years to come. This should contribute to stable prices and margins. We believe the market is undervaluing Accenture relative to the opportunity ahead of it and, consequently, were able to initiate a position in the quarter at a discounted share price.”
Overall, ACN ranks 10th on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of ACN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ACN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
