In this piece, we will look at the stocks Jim Cramer recently discussed.
In his latest appearance on CNBC’s Squawk on the Street, Jim Cramer commented on the response by markets to Fed Chairman Jerome Powell’s comments that the inflationary effects of tariffs could be transitory. Higher inflation from tariffs had led investors to worry that the Fed might raise interest rates. However, Powell’s language assuaged these customers. Commenting on Powell and the markets, Cramer commented:
“People at home have to recognize David that there are two markets. There’s the very considered market, that was in keeping with the considered Fed reserve chief, and that’s what we have after two o’ clock. And then there’s the wild night time market where you come in and everything has just been divorced from what you heard the day before. It must be very confusing for people to say, oh my, what happened, seems like there’s a wholesale reconfiguration, a reset so to speak. But it’s all nonsense. What you see on the screen is worthless. No longer do these futures have any sort of correlation with what happened even last night. Now some of that could be because we have a new President. Some of it could just be that there’s lunacy and people who are not manipulating but making ill-advised trades long before the market opens. You’re seeing the 24 hour market, David. The problem is, in keeping with the fact that I’m at [a home improvement retailer], the traders are dumb as wood.”
Another investor concern and one that’s gone unnoticed amidst the debate surrounding tariffs and last week’s massive selloff is weakening customer sentiment. Cramer also commented on these worries and bank CEO Jamie Dimon’s thoughts on the matter:
“I think March is weak, I think the consumer is spending less. I agree with Jamie Dimon. . .Look I think that there’s genuine weakness in the endless talk about tariffs is soon going to make it so that it’s too boring to listen to us. Everyone is concerned about tariffs. People are asking about whether it’s reciprocal or protective. I mean, once again I hear, is it Hamilton or McKinley? I mean let’s stop it. No one even knows those guys anymore. What bill is McKinley on? But I will say that it is worrisome to people, so therefore they sell, soon as they hear tariffs, they get nervous.”
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 March 20th.
For these stocks, we also mentioned the number of hedge fund investors. 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).
10. QXO, Inc. (NYSE:QXO)
Number of Hedge Fund Holders In Q4 2024: 33
QXO, Inc. (NYSE:QXO) is a Connecticut-based software company that has been in the news due to its bid to acquire home-building products company Beacon Roofing. March has shaped up to be a good month for the firm as Beacon finally agreed to the $11 billion buyout offer. In his previous remarks about QXO, Inc. (NYSE:QXO), Cramer maintained that the firm would clinch the deal. Here are his latest comments about the deal and the firm’s CEO Brad Jacobs.
“There have been major insider sales at lower levels by executives. It made it so that their defense was a little more, let’s say contrived. No one stepped forward in the interim since Brad Jacobs made this bid. A lot of these companies have fallen apart. A stock that we are at, Home Depot, has been miserable. And David, I think that again people just, I was looking at Nick Timiraos tweet sending the market down saying the Fed is really worried about tariffs. Tariffs, are not gonna really impact what Brad has to say, but, Brad Jacobs, but yeah I mean things have gotten quite gloomy. And the ten cent bump in some ways is a, I don’t know, you could call it kind of a bit humorous.”
“Well I’ll tell you if there’s rolling up, you’re looking at the place that’s going to do it. Home Depot bought SRS which is the principal competitor. Some people feel they have as much as 13% of the roofing market. Going to go head-to-head against Beacon. Now by the way, no one, I think and you’ll find this, no one, ever wants to say they’re going head-to-head against Home Depot, now Home Depot SRS. Because it’s, you can’t go against these guys. But I’m sure Brad has an important niche. Beacon Roofing is a storied company that has done quite well with Home Depot as a competitor. Look I think it’s a great company. I do think it’s a very tough market.”
9. Beacon Roofing Supply, Inc. (NASDAQ:BECN)
Number of Hedge Fund Holders In Q4 2024: 53
Beacon Roofing Supply, Inc. (NASDAQ:BECN) is, as the name suggests, a home-building products company. The firm has been the target of a takeover attempt by QXO for most of this year. The matter settled in March after Beacon Roofing Supply, Inc. (NASDAQ:BECN) agreed to the buyout attempt. In his previous marks about the firm, Cramer appreciated the firm’s business model and shared that QXO would succeed with the deal. Here are his latest comments:
“There have been major insider sales at lower levels by executives. It made it so that their defense was a little more, let’s say contrived. No one stepped forward in the interim since Brad Jacobs made this bid. A lot of these companies have fallen apart. A stock that we are at, Home Depot, has been miserable. And David, I think that again people just, I was looking at Nick Timiraos’ tweet sending the market down saying the Fed is really worried about tariffs. Tariffs, are not gonna really impact what Brad has to say, but, Brad Jacobs, but yeah I mean things have gotten quite gloomy. And the ten cent bump in some ways is a, I don’t know, you could call it kind of a bit humorous.”
“Well I’ll tell you if there’s rolling up, you’re looking at the place that’s going to do it. Home Depot bought SRS which is the principal competitor. Some people feel they have as much as 13% of the roofing market. Going to go head-to-head against Beacon. Now by the way, no one, I think and you’ll find this, no one, ever wants to say they’re going head-to-head against Home Depot, now Home Depot SRS. Because it’s, you can’t go against these guys. But I’m sure Brad has an important niche. Beacon Roofing is a storied company that has done quite well with Home Depot as a competitor. Look I think it’s a great company. I do think it’s a very tough market.”
8. Dell Technologies Inc. (NYSE:DELL)
Number of Hedge Fund Holders In Q4 2024: 63
Dell Technologies (NYSE:DELL) is one of the most well-known computer hardware firms in the world. It caters to the needs of the personal and enterprise computing industries. Dell Technologies (NYSE:DELL)’s enterprise exposure has meant that the stock has fluctuated in response to investor perceptions about the firm’s AI exposure. In his previous comments about the firm, Cramer has expressed confidence in the firm’s CEO Michael Dell. His latest comments about Dell Technologies (NYSE:DELL) built on the sentiment:
“Now Dell is selling at nine times earnings. Now if they decide to tariff everything that Dell brings in our shores. Then it’s not selling at nine times earnings. Because it’s not gonna have those kinds of earnings. It’s gonna turn out to be much more expensive. So people don’t know what to do. I look at Dell’s cash flow, it is just huge. I look at what Michael Dell is saying about the second half of the year. And these data centers which are just chock-full and the spending is incredible. And I say, you can override whatever people are thinking. But that means you have to buy it in the teeth of a selloff. And people are much more comfortable buying up than they are buying down. And that is a major mistake that we have to break people off. . .”
7. FedEx Corporation (NYSE:FDX)
Number of Hedge Fund Holders In Q4 2024: 66
FedEx Corporation (NYSE:FDX) is one of the biggest logistics and shipment companies in the world. As a result, its shares depend to a large extent on the overall economic health which increases demand for logistics products. In his previous comments about FedEx Corporation (NYSE:FDX), Cramer has expressed faith in the firm’s CEO Raj Subramaniam. He has praised the CEO for pursuing strategies that have allowed the shares to outperform rival UPS’s stock. His latest comments about FedEx Corporation (NYSE:FDX) maintained the tone:
“Raj Subramaniam, Raj Subramaniam is just unbelievable. David, FedEx, talk about a tariff play. Oh my really scary.”
6. Blackstone Inc. (NYSE:BX)
Number of Hedge Fund Holders In Q4 2024: 67
Blackstone Inc. (NYSE:BX) is one of the biggest asset management companies in the world. The firm’s shares are down by 14% year-to-date but have gained 16% over the past year. Blackstone Inc. (NYSE:BX) has benefited from lower rates and growing enthusiasm about deal-making and acquisitions which had tapered off in a high interest rate environment. The firm is a key player in the upcoming IPO of CoreWeave. Cramer commented on the deal and Blackstone Inc. (NYSE:BX)’s role in it:
“But I came back bullish, more on Dell. But Michael Dell is, I’m looking at the CoreWeave deal and people are saying it’s going to be a dud. I think that’s wrong. I think they, as they circle people will realize you’ve got the backing of a Will Danoff at Fidelity, you have the backing of Jensen Huang, and you have the backing of Vertiv. People who think they know, they know how to run a data center. And most people do not know how to run a data center. Including your friends at private equity.”
“[On Blackstone and the CoreWeave deal] They are great partners with CoreWeave. But, CoreWeave’s gotta tell the story. They gotta get out there and tell the story in a very measured way. I’ll tell it for them.”
“I told the CoreWeave people, I don’t envy them. Their deal is so important for the market.”
5. NIKE, Inc. (NYSE:NKE)
Number of Hedge Fund Holders In Q4 2024: 73
NIKE, Inc. (NYSE:NKE) is an apparel retailer that has struggled recently. The firm’s shares are down by 28% over the past year as it struggles with dropping demand for its iconic shoes. Cramer hasn’t held his thoughts back about NIKE, Inc. (NYSE:NKE) during his previous remarks. He believes that the firm’s former CEO belongs on a Wall of Shame. NIKE, Inc. (NYSE:NKE)’s stock dipped by 5% in aftermarket trading after the firm’s latest financials came with the takeaway that future results could be harmed by tariffs. Here are Cramer’s comments ahead of the release:
“Well I care about Nike. I think that this is gonna be Elliot’s [inaudible]. Everyone’s telling me, Jim, look, this is Elliot Hill’s first quarter as the CEO.
4. Accenture plc (NYSE:ACN)
Number of Hedge Fund Holders In Q4 2024: 79
Accenture plc (NYSE:ACN) is one of the largest consulting companies in the world. The firm’s shares dipped by 7% in March after it revealed that cost-cutting efforts in the US government could mean that its revenue could drop. Accenture plc (NYSE:ACN)’s shares have lost 20% over the past year and 13% year-to-date as the firm has navigated other headwinds such as its financial services customers pulling back spending in 2024. Here are Cramer’s latest remarks about Accenture plc (NYSE:ACN):
“[On ACN pointing out that lower government spending will hurt sales] Everyone was fearful of this! Everyone was! But the analysts just endlessly told you not to worry. Don’t worry. Not to worry. Well they were wrong. They said that we’d be safe in Accenture. They were wrong.”
“Look, this was the big worry. All the, all the consultants were worried because I think that you know what Musk thinks? I think he thinks that they are not worth as much as they think they are.”
“Their business is slowing but I do think that it’s just one vertical. And I’m gonna try to be like the analysts and find something good to say because that’s all they ever do with Accenture. They love Accenture, so this must be really, right in the wheelhouse of all these analysts. I called them sycophants, or I haven’t called them sycophants yet. Who love this company. They love it. And I do think that Julia Sweet’s smart. She’s smart.”
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.”
2. The Home Depot, Inc. (NYSE:HD)
Number of Hedge Fund Holders In Q4 2024: 88
The Home Depot, Inc. (NYSE:HD) is one of the more common retail stocks that Jim Cramer discusses on his morning show. In his previous remarks, the CNBC TV show host praised the firm’s latest earnings results and cited faith in its management. This time around, he appeared on Squawk on the Street from a Home Depot outlet. Cramer maintained that The Home Depot, Inc. (NYSE:HD) benefits from the March gardening spending season. He also commented about the firm’s lead in the home-building products market:
“Well I’ll tell you if there’s rolling up, you’re looking at the place that’s going to do it. Home Depot bought SRS which is the principal competitor. Some people feel they have as much as 13% of the roofing market. Going to go head-to-head against Beacon. Now by the way, no one, I think and you’ll find this, no one, ever wants to say they’re going head-to-head against Home Depot, now Home Depot SRS. Because it’s, you can’t go against these guys. But I’m sure Brad has an important niche. Beacon Roofing is a storied company that has done quite well with Home Depot as a competitor. Look I think it’s a great company. I do think it’s a very tough market.”
“Home Depot bought SRS which is the principal competitor. Some people feel they have as much as 13% of the roofing market. Going to go head-to-head against Beacon. Now by the way, no one, I think and you’ll find this, no one, ever wants to say they’re going head-to-head against Home Depot, now Home Depot SRS.
“What would make me upbeat? I’m gonna be very specific. It would be to send the stock of Home Depot, right now, to 370, where it belongs, not down here at 352.
“Look at that. That’s a travesty. This, they actually had a good quarter. They were a little conservative on the guidance. But this is the stock you buy if you think America’s gonna do well.”
1. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holders In Q4 2024: 94
Micron Technology, Inc. (NASDAQ:MU) is one of the largest memory chip companies in the world. It is also among the most technologically advanced firms in its industry. Cramer’s previous comments about Micron Technology, Inc. (NASDAQ:MU) have been nothing but full of praise. He is confident in the firm’s CEO and believes that it will prosper even if the Trump administration rolls back subsidies under the CHIPS and Science Act. Cramer’s latest comments about Micron Technology, Inc. (NASDAQ:MU) revolved around the firm’s latest earnings report and the potential impact on the share price:
“I do wanna talk about Micron. They report tonight. Sanjay Mehrotra has, in the last few quarters, been. . .he has been saying a lot of very positive things about the previous quarter. And then he’s been very cautious. And I have to imagine that in a world with tariffs, he’s gonna be cautious again. So if you’re trading it. If you’re stupid enough to be trading it, what I would tell you is, do not take the first number, that’s not gonna matter. It’s what he says in the guidance. Because if he says, well tariffs, and we’re worried, you’re going to wish you didn’t pay 105.”
MU is a stock Jim Cramer recently discussed. While we acknowledge the potential of MU 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 time frame. If you are looking for an AI stock that is more promising than MU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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