Jim Cramer Discusses These 10 Stocks & Says Trump Should Carry A Howitzer And Be Soft

6. Spotify Technology S.A. (NYSE:SPOT)

Number of Hedge Fund Holders In Q4 2024: 86

Spotify Technology S.A. (NYSE:SPOT) is the largest and leading player in the global audio streaming and podcast industry. Its market position has enabled the firm to eke out sizable stock gains. Spotify Technology S.A. (NYSE:SPOT)’s shares have gained 108% over the past year and are up by 17.6% year-to-date. They were also among the first to rally after Monday’s massive selloff as the shares gained 10% on Tuesday and Wednesday. Here’s what Cramer said on Tuesday morning:

“[On stock losses] And I think that those are wrong. I think the business is very good. Those are subscription businesses, really. The holy grail is subscription. . .Spotify. I think Spotify’s doing incredibly well. The decline may just be a function of how high it went but they’re doing very well right now. . .So I don’t know those are natural places to go if you think there will be a rally.”