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).
Jim Cramer Discussed These 10 Stocks Recently
10. 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.”
9. SoundHound AI, Inc. (NASDAQ:SOUN)
Number of Hedge Fund Holders: 21
When a caller asked if Cramer thought that SoundHound AI, Inc. (NASDAQ:SOUN) was a real investment or not, he replied:
“I think it’s a meme stock and I’m just going to call them as meme stocks from now on because… look, you can’t really value it… I can’t help you with something like SoundHound, because it’s a meme stock. It’s going to go wherever the meme people want it to go and good luck with them.”
SoundHound AI (NASDAQ:SOUN) develops voice AI technologies that allow businesses to deliver conversational experiences across various industries. Its offerings include tools for creating personalized voice assistants and improving customer service through real-time data integration. Cramer made a similar comment about the company in January when he remarked:
“Okay, this is a meme stock and they kinda get it going. I’m never gonna get in the way of a meme stock because you never know how high they can go.”
