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.”
8. Enbridge Inc. (NYSE:ENB)
Number of Hedge Fund Holders: 27
Highlighting the ongoing trade issues, a caller asked if they should be worried about investing in Enbridge Inc. (NYSE:ENB). Here’s what Cramer said in response:
“No, Enbridge got so much business in America, I would not worry about that. Yield is safe. The company’s a dividend aristocrat. It’s a great idea to buy Enbridge.”
Enbridge (NYSE:ENB) is an energy infrastructure company that manages pipelines, natural gas facilities, and renewable power generation assets, while also offering commodity marketing and logistics services throughout North America. In November 2024, discussing the company, Cramer said:
“For the pipeline business, the company has very strategically located assets, connecting the Gulf Coast to the eastern Midwest, meaning the Appalachian Basin… They also go across the Northeast. They can get natural gas where it needs to go. Their system is just incredible.
After spending a long time, I mean like a super long time in the doghouse, Enbridge has taken off in the back half of the year, rallying 22% since the end of June. Even after that move though, the stock supports a bountiful 6.1% yield. It’s one of the safest dividends around, totally covered by the cash flow. We’ve been with it the whole way for years now and have been able to get that juicy yield.”
7. Snap Inc. (NYSE:SNAP)
Number of Hedge Fund Holders: 44
Discussing Snap Inc. (NYSE:SNAP), Cramer voiced the idea that the company should look into hiring a new CEO.
“They did too much stock-based compensation. They didn’t get the balance sheet right… I mean, there’s a possibility they make some money. I got an idea for them, new CEO. By the way, there’s no crime in that. You just swallow your pride and you just say, hey, you know what, I’m gonna let someone else do it.”
Snap (NYSE:SNAP) offers Snapchat, a visual messaging app, along with Snapchat+, Spectacles, and various advertising products, including AR and video/image-based ads. In August 2024, answering a question during the lightning round, Cramer said:
“No, they could use Patti Poppe (a reference to an earlier comment where he described Poppe as a “seasoned person”) too, frankly. I think that Snap is really not, it’s not investable… I just have to tell you that they seem like an irrelevant company. I know that’s a tough judgment, but that’s what I’m paid to do.”
6. Louisiana-Pacific Corporation (NYSE:LPX)
Number of Hedge Fund Holders: 54
A caller asked Cramer’s thoughts on Louisiana-Pacific Corporation (NYSE:LPX) and he said:
“I think you should buy it here. Oriented strand board could go higher. President’s probably going to announce tariffs against Canada. For all I know… lumber and LPX is going to go right up to $120.”
Louisiana-Pacific (NYSE:LPX) offers building products for new home construction, renovations, and outdoor projects, specializing in engineered wood products and structural panels for a range of markets. In January, Cramer commented on the company as he said:
“Well, I gotta tell you, you’re gonna have a huge rebuild in the Southland, California, the numbers for housing are okay, not great. It’s been a horse, it’s been a great stock. I say you have to stick with it.”
5. The Trade Desk, Inc. (NASDAQ:TTD)
Number of Hedge Fund Holders: 63
Discussing The Trade Desk, Inc. (NASDAQ:TTD), Cramer said:
“We need them to come on. I’ll tell you, we need Jeff to come on. I’m kind of blown away about how badly the stock acts, but I know when I read the quarter, he was very upset with himself. We get him on, maybe we can get some answers. Otherwise, it’s gonna keep going down I’m afraid.”
The Trade Desk (NASDAQ:TTD) provides a self-service cloud-based platform that allows users to manage and optimize digital advertising campaigns across various formats and channels, offering data and supplementary services to enhance ad performance. Rowan Street Capital stated the following regarding The Trade Desk, Inc. (NASDAQ:TTD) in its Q4 2024 investor letter:
“The Trade Desk (TTD): Investment Initiated: March 2020
Internal Rate of Return (IRR): 54%
The Trade Desk has been our most successful investment to date. March 2025 will mark five years since we opportunistically initiated our position at a cost basis of $17.40 (split-adjusted). Since then, TTD has appreciated more than sevenfold, delivering an annualized return of approximately 54%.
These exceptional results far outpace the company’s strong fundamental growth, with revenues and earnings compounding at approximately 25% annually over this period (refer to the table below). The primary reason for this outsized return lies in the price at which we were able to acquire TTD during the early days of the pandemic, when market fears briefly drove it down to just 10x revenues. Today, the valuation has expanded significantly to approximately 25x revenues, amplifying our returns…” (Click here to read the full text)
4. Serve Robotics Inc. (NASDAQ:SERV)
Number of Hedge Fund Holders: 10
When Cramer was asked about Serve Robotics Inc. (NASDAQ:SERV), he said:
“Serve Robotics, meme stock. Nope, don’t need it, losing too much money. Hey, by the way, the quantum computers, I’ll throw those in too. They’re only going to go up for a couple more days and you gotta sell that.”
Serve Robotics (NASDAQ:SERV) creates, builds, and manages environmentally friendly robots that offer food delivery services in public spaces throughout the United States, focusing on autonomous delivery robots. In February, replying to an investor’s query about the company who was in their 20s, Cramer commented:
“Okay, that is a very risky stock. I would normally advise people to either do Tesla, I know that’s become a very risky stock, or NVIDIA, which just reported a nice quarter. But because of your age and how you feel about it, I’m gonna greenlight you but only for someone your age.”
3. Viking Holdings Ltd (NYSE:VIK)
Number of Hedge Fund Holders: 52
Cramer shared that, as regular viewers are aware, he is a big supporter of the cruise lines, and Viking Holdings Ltd (NYSE:VIK) stands out as a distinctive company with a strong emphasis on catering to affluent American baby boomers. He noted that throughout last year and into the first few weeks of 2025, its stock saw a steady rise. It reached a peak of just over $53 in early February, just before the broader market experienced a significant sell-off. Cramer expressed his satisfaction watching the stock perform well, as it continued to climb in value over that period.
“Since then, the stock’s fallen back to $40, down roughly 25% from its highs just over a month ago… The cruise lines are different from other travel plays. They represent incredible value versus traditional vacation alternatives…For Viking in particular, we have a fresher company-specific catalyst. On Tuesday morning, the company reported an excellent quarter with in-line revenue and impressive 9-cent earnings beat off a 36-cent basis…
Management also had some very positive commentary about the full-year forecast with CEO Torstein Hagen noting that the company was growing capacity for its core products by 12% this year, delivery of 11 new ships; they’re already 88% booked for the 2025 season. So it sounds like smooth sailing for Viking at present. And we got this update after the tariff rain of terror had already started. With the stock down meaningfully to the point where it now roughly trades at 17 times this year’s earnings estimate, I think it’s another one that’s worth buying right here.”
Viking Holdings (NYSE:VIK) operates in the passenger shipping and transportation industry. Besides providing passenger transport services, it also offers various tourism experiences, including tours and related activities for its passengers.
2. Reddit, Inc. (NYSE:RDDT)
Number of Hedge Fund Holders: 87
Cramer noted that similar to Cava, Reddit, Inc. (NYSE:RDDT) has not made any major mistakes. He highlighted that the company reported an excellent quarter last month, with revenue growth reaching 71%. He added:
“The problem here is that this is exactly the kind of stock that people dump whenever we get hit with the market-wide meltdown. It’s almost programmed. The only scenario in which I’d get more bearish on Reddit’s fundamentals would be if the current period of macro uncertainty turns into an outright recession because a recession would really hurt their advertising business. In a recession, anything that depends on ads does get crushed but I don’t think we’re headed for a recession, which means Reddit’s pretty darn enticing now that the stock’s practically being cut in half…
Plus, based on the way that Reddit’s been beating the estimates, I wouldn’t be surprised if the stock ultimately proves to be much cheaper than it looks right now, if only because the future earnings are likely to come in higher than expected. Again, as long as there’s no recession, as long as this thing continues to be able to spread and grow, not just from this nation, I should say all over the world, Reddit’s a winner, and I think it is going to be very big internationally.”
Reddit (NYSE:RDDT) operates a popular platform that allows users to participate in discussions, share content, and join different interest-driven communities.
1. CAVA Group, Inc. (NYSE:CAVA)
Number of Hedge Fund Holders: 47
CAVA Group, Inc. (NYSE:CAVA) was mentioned during the episode, and here’s what Cramer had to say:
“Cava started out real hot but then had a multi-month cool-off period. I started recommending it in the low $30s back in November of 2023 after Cava’s Chairman Ron Shaich, formerly of Panera Bread, convinced me that it had the potential to be the next big thing in casual dining. Now this stock then marched steadily higher through most of last year, ultimately peaking at $172 last November. That was after Cava reported a tremendous quarter and its shares shot up 19% intraday before pulling back and finishing up less than 2%.
… I never recommended this stock because I thought it was cheap though, I like Cava because I think it’s an excellent long-term, what we call, regional to national story… Their stores are doing very well and they’ve got a ton of room to expand from a regional to national player… I don’t see any signs of the concept losing momentum. When Cava reported its latest quarter, it delivered 21% same-store sales growth, for heaven’s sake. Now that the stock’s down 55% from its highs, you got my blessing to start buying Monday and if it keeps falling, you know what you should do? Buy more.”
CAVA (NYSE:CAVA) operates within the fast-casual dining sector and oversees a growing network of Mediterranean-inspired restaurants across the United States.
While we acknowledge the potential of CAVA Group, Inc. (NYSE:CAVA) 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 CAVA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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