In this piece, we will look at the stocks Jim Cramer recently discussed.
In a fresh appearance on CNBC’s Squawk on the Street, Jim Cramer started the show by sharing his thoughts on President Trump’s tariffs against Canada and Mexico. Cramer was surprised that markets were reacting negatively to the news as Trump had promised similar actions during his election campaign. “Well, first I mean, he said this over and over again. And if you didn’t take him seriously, I don’t know what you were thinking,” Cramer shared. “I mean this is what you elected, okay. You elected this, you elected the idea that we have too many people coming from Mexico. You elected the fentanyl. You elected that we have a strong stand against China,” he added.
However, Cramer wondered “Did you elect the Canada? That’s a little bit more harder to understand. But I just think well what were you worried about other than the fact he was going to do this.” Tying the President’s election promises into market performance, he outlined “So the market was way too high, but even last night, as soon as this came out, NASDAQ was down 2.6%. Now it’s come back. I think it has to revisit that level, David.”
The CNBC host also cautioned against reading too much into negativity. He shared that “I was watching someone on Frank’s show this morning, 5 o clock, and the person was basically, she was like [an] end of the world-er.” However, Cramer’s “Not an end of the world-er. I think it’s going to be a rough day, the market will. . . one point off a percent and a half of off the high, take it in.”
As to the impact on the US from the tariffs on Canada when it comes to oil, Cramer believes that it can be limited. According to him “It’s oil but it’s only ten percent. They have one terminal that exports in Vancouver. So the oil is going to get ten percent, arguably maybe even we drill more.”
Cramer also believes that President “Trump thinks that Canada is taking advantage of us. Wants that to stop.” As for what he believes, he shared “We have a bad trade deficit with them. We have a trade deficit with Mexico. I think that you can play the obvious ones. The autos are really kind of trying to figure out how much their cars cost.” The host also wondered about the end goal of the President’s tariffs. “I don’t know whether he [Trump] wants Volkswagen to say listen we make fifty thousand cars in Puebla, we’re going to build a plant here,” Cramer said. He added “I mean I think the only way to alleviate it is to say you’re going to build a plant. That takes a long time.”
One announcement that left him confused was the one about 10% tariffs on China, which were quite low compared to the 25% announced on Canada and Mexico. According to Cramer:
“I think that Canada and Mexico can come down. But China, whose really gift. China can go up. I felt China was, listen guys, ten percent’s real low. Come to the table, but we will raise it. So I think the difference is, that Mexico, Sheinbaum they have to talk. Canada they come down. But this was a gift to China. Why don’t people realize it was a gift to China.”
Delving deeper, he outlined:
“I think China can say, holy cow, we’ve gotta come to the table. Or we could get what happened to Canada. . . .the hardliners lost. I think the hardliners lost here. The hardliners wanted a much higher tariff on China. They wanted things shut down.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on February 3rd.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds invest in? 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 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
10. Nucor Corporation (NYSE:NUE)
Number of Hedge Fund Holders In Q3 2024: 32
Nucor Corporation (NYSE:NUE) is an American steel company that is the largest of its kind in the country. Throughout 2024 and the first month of 2025, two themes have driven the firm’s narrative. These are cheap Chinese steel driving down prices to hurt Nucor Corporation (NYSE:NUE)’s revenue and the tussle between US Steel, Cleveland Cliffs, and the former US administration over Japanese firm Nippon’s attempt to buy US Steel. In his latest remarks covering Mexican tariffs, Cramer commented that Nucor Corporation (NYSE:NUE) could benefit:
“I think Navarro would have said, look, we have got to stop whatever China is doing. We have to put a tariff on China. But we also have to stop steel coming from Mexico in particular because they’re sneaking their, the Chinese are sneaking their steel in. That’s what it’s about. That’s why Nucor goes higher. Yeah. Buy some Nucor.
“. . . .I think Nucor’s good. I talked with Nucor last week. Anything that makes it so that, that we don’t have Mexican steel, there is no Mexican steel to speak of, it’s Chinese steel through Mexico. That’s what they do. That’s what they do.”
9. Constellation Brands, Inc. (NYSE:STZ)
Number of Hedge Fund Holders In Q3 2024: 36
Constellation Brands, Inc. (NYSE:STZ) is an alcoholic beverage company that sells beer and other products. Cramer has talked about the stock in quite detail this year. He believes that Constellation Brands, Inc. (NYSE:STZ)’s management isn’t taking seriously the fact that there appears to be a secular shift in the market against alcoholic beverages. He also believes that the firm has to reduce prices if it wants to reignite demand. In his latest remarks, Cramer continued to be pessimistic about Constellation Brands, Inc. (NYSE:STZ):
“Well, sell Constellation Brands. They had no clue of what was happening. Sell it.”
8. RH (NYSE:RH)
Number of Hedge Fund Holders In Q3 2024: 39
RH (NYSE:RH) is a home furnishing retailer that’s another commonly discussed Jim Cramer stock. The nature of its products means that the firm is dependent on interest rates for its performance. RH (NYSE:RH)’s shares are up by 56.9% over the past year as the firm managed to sustain its product demand and benefited from growing belief about the Fed reducing interest rates. Cramer has been optimistic about RH (NYSE:RH) in the context of a broader improvement in the retail industry. Here are his latest comments about the firm:
“Now see RH is an example of how they worked really hard to get out of China. They’ve done a fantastic job about it. If you sell RH I think you’re selling a company that has been moving so aggressively out of China that you’d be making a big mistake. But interestingly enough, they [Goldman] had a sell on RH, the whole way from two hundred to here. And now they’re back . . .putting the hate on again? Why doesn’t that guy just go to his beach house, see how much is RH, and realize that . . .
“That guy’s got a Hampton’s house and it’s filled with RH. That’s what you do. You fill it with RH. You don’t fill it with Wayfair, no partner’s gonna fill his place with Wayfair. They’d really get hurt. Gary Friedman has said over and over again I’m moving out of China. I’m moving out of China. So this guy, who’s hated it all the way, now they’re back putting the hate on. You know I don’t like it.”
7. Cleveland-Cliffs Inc. (NYSE:CLF)
Number of Hedge Fund Holders In Q3 2024: 40
Cleveland-Cliffs Inc. (NYSE:CLF) is another American steel company. Its shares have been driven by lower steel prices due a lower construction and industrial activity and a buyout attempt of US Steel from Japan’s Nippon Steel. Cramer has previously shared that in case Nippon’s bid for US Steel fails to follow through, then Cleveland-Cliffs Inc. (NYSE:CLF) could become a contender for the firm. He believes that the firm is close to President Trump and could leverage the relationship to its advantage. His latest remarks for Cleveland-Cliffs Inc. (NYSE:CLF) surrounded potential tariffs against Mexico helping US steel companies by restricting Chinese steel shipments from the country:
“Although remember Cliffs went and pre-announced today. I mean get in there and buy some Cliffs.”
6. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders In Q3 2024: 43
Palantir Technologies Inc. (NASDAQ:PLTR) is a data analytics company that is one of Jim Cramer’s most commonly discussed stocks. He has praised the firm’s CEO Alex Karp multiple times this year and believes that Palantir Technologies Inc. (NASDAQ:PLTR)’s ability to reduce procurement costs could end up allowing it to play a key role in Elon Musk’s push to cost-cutting at the US Department of Defense. These remarks were made ahead of Palantir Technologies Inc. (NASDAQ:PLTR)’s latest earnings, following which the stock soared by 22% the next day:
“Notice this David, little head and shoulders, reverse head and shoulders developing. Okay so he reports tonight. Now, we’ve been hearing a lot about what DOGE and what DOGE is doing. And one of the things they’re trying to do is figure out how to do procurement in a cheaper way. Well that is what Alex does. . . but they are unbelievable at procurement. Now, this is up three hundred and seven percent. This is the ultimate meme stock. They won’t even let it come down. At four o clock David they were propping it up. It wasn’t Samson, it was Prometheus. And I do think that when you see the quarter you’re going to hear some great verbiage from Alex who I think might still curse, that’s why he doesn’t like me. In 2022 he cursed and I pointed that out and it stuck with me and he also thinks I’m an idiot that also hurts. But I will tell you that this is the one to watch because they’re gonna prop it up again. And this is the ultimate retail name. . . .some people think he’s a pied piper, I don’t. I think he’s the real deal. He’s kind of a Musk when it comes to procurement. And he’s got a lot of other things. He did data, he’s warp, some warp, he does a lot of things with Israel, won’t tell me what they are. Warp Speed, he’s the man behind that. And he’s the man behind the curtain. And I do think that in the end he’s going to say things that are gonna make it so you wanna buy the stock.”
5. Viking Holdings Ltd (NYSE:VIK)
Number of Hedge Fund Holders In Q3 2024: 49
Viking Holdings Ltd (NYSE:VIK) is one of several cruise ship companies that has benefited from a stronger dollar and a resurgence in travel following the coronavirus pandemic. The firm listed its shares for trading in March last year. Since then, Viking Holdings Ltd (NYSE:VIK)’s stock has gained 95% as benefits from higher demand allowed it to book 70% of its 2025 capacity by November last year. Cramer has been appreciative of cruise ship stocks in his previous appearances, and he kept the trend this time around as well. Here’s what he shared about Viking Holdings Ltd (NYSE:VIK):
“Travel is just unbelievable, it stays strong. . . .. travel’s insanely . . .it’s just what we did since COVID. It was a major change in our lifestyle. I think cruises are really the most indicative of what’s happened. . . .I like Viking. Viking’s really terrific. These really do well when a strong dollar and they have when the numbers are too low. Buy em.”
4. Canadian Pacific Kansas City Limited (NYSE:CP)
Number of Hedge Fund Holders In Q3 2024: 52
Canadian Pacific Kansas City Limited (NYSE:CP) is a Canadian railroad company that was formed after the merger of Kansas City Southern (KSU) and Canadian Pacific. The shares dipped by 6% after President Trump announced tariffs against Canada and Mexico. The drop was unsurprising as Canadian Pacific Kansas City Limited (NYSE:CP) has tens of thousands of miles of railway track through which it ships goods between Canada, Mexico, and the US. Over the year the shares have lost 6% due to weak economic activity. Here is what Cramer said:
“You know Carl not a lot of downgrades today. And I think that there should have been. I think that Loop Capital downgrading a lot of the transports, particularly the railroads,. . . .. Also of course, we had Canadian Pacific, well KSU, that’s another one. So I don’t think those are what you buy. And I just think that we are not being thoughtful. A lot of stocks are being downgraded today. Now I’m as negative as say David Kostin from Goldman who’s talking about a five percent decline. But I do think that there should have been more downgrades and because transport, commerce’s going to slow. And the rails in particular because that’s how we get a lot of stuff. . . .. KSU’s huge. Those made sense. “
3. Royal Caribbean Cruises Ltd. (NYSE:RCL)
Number of Hedge Fund Holders In Q3 2024: 52
Royal Caribbean Cruises Ltd. (NYSE:RCL) is a sizable cruise ship operator that has benefited from the post-coronavirus trends in the travel industry. The firm grew its revenue by 13% in Q4 2024 and guided $14.50 in EPS for the full year which surpassed analyst estimates of $14.1. Like other cruise stocks, Cramer is quite optimistic about Royal Caribbean Cruises Ltd. (NYSE:RCL) as he believes that a stronger dollar and an uptick in travel are benefiting the firm. Here are his latest remarks for the firm:
“You wanna know to buy? . . . You buy Royal Caribbean. The dollar’s stronger. They just reported a great number. You don’t know that the dollar’s stronger. You go overseas with it. People love it as a bargain. And they keep raising numbers. That’s what I like. . . I like raising numbers recently, doing great where the dollar’s strong. And that turns into Royal Caribbean. That I’d buy.
“Travel is just unbelievable, it stays strong. American Express after it comes down a little. Travel’s insanely . . .it’s just what we did since COVID. It was a major change in our lifestyle. I think cruises are really the most indicative of what’s happened. . . . . Buy em. Royal Caribbean’s a great stock.”
2. American Express Company (NYSE:AXP)
Number of Hedge Fund Holders In Q3 2024: 62
American Express Company (NYSE:AXP) is a financial services firm known primarily for its role in the global travel industry and for its payment cards. Over the past year, its shares have gained 52% due to a resilient US consumer and tight financial management. Cramer’s previous remarks for American Express Company (NYSE:AXP) have seen him express surprise about the strong spending show in the firm’s revenue and praise CEO Stephen Squeri. This time around, he mentioned the stock as a beneficiary of travel spending:
“Travel is just unbelievable, it stays strong. [Buy] American Express after it comes down a little.
1. General Motors Company (NYSE:GM)
Number of Hedge Fund Holders In Q3 2024: 64
General Motors Company (NYSE:GM) is a traditional car manufacturer that has managed to buck the trend of lower spending in the market. While its peer Ford has struggled due to warranty costs, General Motors Company (NYSE:GM)’s shares are up by 27.7% over the past year. The stock has posted gains because the firm’s customers have continued to buy its cars despite high rates and inflation. 2025 hasn’t been off to a good start for General Motors Company (NYSE:GM)’s shares though as they are down by 6% year-to-date after a disappointing earnings report led to an 8.9% drop. Here’s what Cramer said:
“[On robots, self driving being part of TSLA’s hypothesis] But maybe this is why GM is sold at four times its earnings. Maybe that’s why it sells at four times earnings, GM. Sells at four times earnings, it’s the cheapest stock in the S&P.”
GM is a stock Jim Cramer recently discussed. While we acknowledge the potential of GM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than GM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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