Jim Cramer Discusses These 10 Stocks & Says “Traders Are Dumb As Wood”

3. Freeport-McMoRan Inc. (NYSE:FCX)

Number of Hedge Fund Holders In Q4 2024: 88

Freeport-McMoRan Inc. (NYSE:FCX) is a mining company that deals with materials such as gold and copper. The firm’s shares are up by 7.4% year-to-date and have lost 11.5% over the past year. 2025’s gains have come on the back of an 18% jump in March. Freeport-McMoRan Inc. (NYSE:FCX)’s shares have benefited from the beneficial impact of tariffs on the firm. Cramer also believes this to be the case as he commented:

“Freeport, there’s a JPMorgan piece out there upgrading to Overweight. Now what’s important David, let’s say you believe in tariffs. Let’s say that everything is going on and you don’t like the President, or you love the President, doesn’t matter. Freeport could have a 400 to 450 million EBITDA tailwind from tariffs! So let’s say here’s like woohoo tariffs! Go buy some FCX. And by the way, Jensen Huang is saying that copper is the dominant metal that goes into the data centers. It’s not in the report. The report mostly talks about, yes, Chinese stimulus, cause a lot of the, almost, that’s the majority of copper is used in China. But I really like the call. Stock’s not that expensive. Go buy it.”

“JPMorgan, David. Good as gold. Gold’s a good by product of Freeport. And gold is hitting another high.”