Jim Cramer Discussed These 11 Stocks & Erratic Stock Market Performance

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3. Diamondback Energy, Inc. (NASDAQ:FANG)

Number of Hedge Fund Holders In Q3 2024: 53

Diamondback Energy, Inc. (NASDAQ:FANG) is a mid-sized Texas-based oil and natural gas company. It owns key production stakes in the lucrative Permian Basin after having acquired another company for a $26 billion price tag. However, Diamondback Energy, Inc. (NASDAQ:FANG)’s shares are down by 10% over the past year as the firm struggled with low oil and gas prices due to sluggish global demand. While Cramer believes that Diamondback Energy, Inc. (NASDAQ:FANG) is a growth energy company, he also believes there are better options out there:

“I saw DiamondBack was recommended again. I mean that is a, DiamondBack Energy is the highest growth energy company. DiamondBack has actually not been great, but . . .”

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