Jim Cramer Discussed These 10 Stocks, AI Power Demand & Healthcare

2. Capital One Financial Corporation (NYSE:COF)

Number of Hedge Fund Holders In Q3 2024: 67

Capital One Financial Corporation (NYSE:COF) is an American consumer and commercial bank headquartered in McLean, Virginia. Like other bank stocks, the shares have been on a tear since the November US Presidential Election. Since the election, Capital One Financial Corporation (NYSE:COF)’s shares have gained 25%. The stock has been helped by the fact that consumer spending has remained robust in America to allow it to earn income through interest via credit card debt. Capital One Financial Corporation (NYSE:COF) has sizable exposure to credit card spending, and according to Cramer, its merger with Discover can further improve prospects:

“By the way Capital One when they merge with Discover is going to be really really fabulous and we’re working a lot on that one.”