Jim Cramer Discussed 10 Stocks That Can Do Well in December

5. EQT Corporation (NYSE:EQT)

Number of Hedge Fund Holders: 48

Calling EQT Corporation (NYSE:EQT) “the single biggest beneficiary of Trump’s election”, Cramer stated:

“Finally, number 10, my favorite is EQT, that’s the largest natural gas company in the country. Talk about a Trump stock. Perhaps the single most thriving industry in our country is the liquified natural gas complex, the apex, all of the LNG export terminals in Louisiana and Texas, both in existence and those being built or planned.

Given that we have absurd amounts of natural gas in this country, we’re the largest exporter in the world, the export market is a bonanza. Almost everyone needs our cheap natural gas but at the beginning of the year, Biden put a pause on the approval of these LNG terminals. The move caught everybody by surprise, including companies that have spent billions upon billions of dollars doing these things and it crushed any stock involved in the process. Now we do expect that the pause is… maybe eliminated, go right back to work [on] the first day of Trump’s administration. No wonder EQT stock caught fire. It may be the single biggest beneficiary of Trump’s election.”

EQT (NYSE:EQT) is a leading natural gas production company in the United States, focused on the extraction and sale of natural gas and natural gas liquids. Recently, we covered Cramer’s comments about the stock’s performance post-election in our article, Jim Cramer’s List of 7 Energy Stocks for the Trump Trade. Here is an excerpt:

“After spending a couple years trading sideways, EQT has caught fire since the election, climbing 22% to its highest level since late 2022. Well, even before the election, this stock was getting some buzz.”

On December 5, JPMorgan analyst Arun Jayaram raised the price target on EQT (NYSE:EQT) stock to $50 from $44 while maintaining an Overweight rating. The firm anticipates that in 2025, natural gas producers will benefit from “three powerful secular demand trends”: the expansion of liquefied natural gas export capacity, increased power demand driven by electrification, and the transition from coal to natural gas.

JPMorgan updated its exploration and production models through 2030, reinforcing its outlook for long-term gas prices above $3.50 per MMBtu, as the firm believes prices will need to adjust higher to encourage additional supply growth from the Haynesville and other high-cost gas regions. Additionally, JPMorgan expects the oil market to move from balanced conditions in 2024 to a surplus in 2025 due to supply increases, prompting the firm to adopt a “more defensive stance.”