In this piece, we’ll look at the stocks that Jim Cramer recently discussed.
In a fresh appearance on CNBC’s Squawk on the Street, Jim Cramer speculated on the reasons behind the market selloff on Monday. The selloff, which hit nearly all sectors, wiped out $4 trillion in market value from the flagship S&P index from its post-election high. One reason that investors fled the market was the worry about a recession. When asked whether he was worried about a recession, Crmaer shared: “You bet I am. I don’t want a recession, let alone a manufactured recession. I don’t want to feel worried about my job. Everybody’s job.”
The CNBC TV host also commented on a recent National Federation of Independent Business (NFIB) report, which stated that small businesses were growing pessimistic in February. Commenting on the report, he outlined:
“That’s the base. The small businesses. It’s the backbone of our country. Don’t attack the backbone. These are the people who hire the base and they are the base. And the base is the greatest base in the world it’s the working person. And working person across, it’s not who you wanna alienate. Now, I have historically, I’ve worked with the President. Now you could say well wait a second, clown, that was in The Apprentice. I had him on many times on our show. This is not the President I know. Optimistic. Telling us that things, you know don’t worry because there are jobs being created. Right now. And we’re going to go and look at the tariffs of our neighbors. Here’s all the tariffs, doesn’t seem right. But no. Don’t be like, don’t be like that first guy. Be like Roosevelt, and not FDR. TR. Study TR. Right now. Get the. . .books, there’s a lot of good books about TR.”
Cramer also believes a bounce in the market following the selloff is possible. He reiterated that zero-day options were behind a lot of the market’s woes, and trading activity was harming investors with long positions while leaving short-sellers unscathed. According to him:
“Absolutely. Absolutely. And you know, look, I think people don’t realize, you talk to Robinhood you’ll get it, people don’t realize the power of these zero-day options. They have the ability to push stocks down because we’re not that big a liquid market. You know people just say oh like Jim that’s ridiculous. Well, why don’t you do some homework like I have. Verizon. Jesus, not even a good phone company.”
The worries of a recession have in part been influenced by tariffs on imports. Cramer believes the market is worried about a manufactured recession which is also harming bank stocks:
“Well, banks are good, bank stocks go down everyday, why? Well because of the manufactured recession. Manufactured. We were doing well. But, the base doesn’t understand, tariff, all they know is, I don’t wanna lose my job right now with my plumbing and heating company in order to be able to get a job with Taiwan Semi in 2030.”
He commented on a non stock market topic, Elon Musk’s xAI and its Grok AI model. Cramer is impressed by Grok as he shared:
“I think that if you take a look at Grok, which is a company separate from [the EV company] that’s owned by Musk, Grok has broken out and is well ahead of all the other agents. Why? They have the most NVIDIA chips. And if you go to Grok and you ask about something it’s no longer, it doesn’t read like Google anymore. It’s a really in-depth analysis. Why? Because it scrapes Twitter.”
The host also believes that while President Trump’s tariffs are warranted due to the US being unfairly treated by its trading partners, Trump’s approach could use fine-tuning. According to Cramer:
“Remember, I’m constructive on the market. Because I don’t think, you know if President Trump were to speak softly and carry, I don’t know a howitzer. . .he can do the howitzer thing, he could speak softly and have nuclear weapons. Anything but speak loudly and not have a howitzer. Cause that doesn’t work.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down all the stocks he mentioned during CNBC’s Squawk on the Street aired on March 11th.
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. AT&T Inc. (NYSE:T)
Number of Hedge Fund Holders In Q4 2024: 80
AT&T Inc. (NYSE:T)’s shares have gained 13.9% year-to-date and are up by 51% over the past year. Like its peer T-Mobile, the firm has benefited from growth in subscribers of its higher-paid plans. However, AT&T Inc. (NYSE:T)’s shares fell by 4.7% in March despite holding their ground during the Monday selloff. The stock fell after peer Verizon warned that it could see subscriber growth slow down in 2025. Cramer is upbeat on AT&T Inc. (NYSE:T)’s management though:
“I think ATT, I’ve been much more bullish on Stankey, I think he probably has more positive things to say.”
9. Chevron Corporation (NYSE:CVX)
Number of Hedge Fund Holders In Q4 2024: 81
Chevron Corporation (NYSE:CVX) is one of the biggest oil companies in the world. It’s also one of Cramer’s favorite plays in the energy sector. In his previous comments about the firm, the host has shared that Chevron Corporation (NYSE:CVX)’s cash flows and dividend make it an attractive stock in today’s market particularly over its rival Exxon. He has also remained confident in the firm’s CEO Mike Wirth. Cramer’s latest comments about Chevron Corporation (NYSE:CVX) revolved around these themes as well:
“Right, now Mike I was on one of his platforms in the Gulf and I said listen, what do you do if Trump wins? Are you going to scrap. . .He said this is a ten year project, what happens if we get a Democrat, he said we can’t do that. . .he’s got a lot of solars, the thing runs on solar. I like Mike. I’m glad to see the stock’s back. This has been a rally. Don’t forget. . dividend, high yielding stocks, and Mike Worth’s got high yield. It’s also a natural gas rally, which by the way is directly linked to data centers. So I don’t really want oil and gas here, they’re yielders and we have a President who wants to flood the zone with oil to get oil down in order to be able to deal with as a offset to the tariffs. But that’s so convoluted.”
8. Delta Air Lines, Inc. (NYSE:DAL)
Number of Hedge Fund Holders In Q4 2024: 84
Delta Air Lines, Inc. (NYSE:DAL) is one of the biggest airlines in America. Its shares are up 9% over the past year and closed 2024 after gaining 52%. However, 2025 hasn’t been kind to Delta Air Lines, Inc. (NYSE:DAL)’s shares. They have lost a whopping 21% yar-to-date with the latest dip coming in March after the firm cut its guidance to send the shares 8% lower. Delta Air Lines, Inc. (NYSE:DAL) now expects midpoint revenue growth and EPS of 3.5% and 40 cents in 2025 which is significantly down from the earlier 8% and 85 cents. Here is what Cramer said:
“Okay well first of all I want to be constructive here. Cause everybody’s giving up. I noticed that, that the airlines that have said things are okay like United are bouncing. Delta’s not that bad.”
7. United Airlines Holdings, Inc. (NASDAQ:UAL)
Number of Hedge Fund Holders In Q4 2024: 86
United Airlines Holdings, Inc. (NASDAQ:UAL)’s shares closed 2024 as one of the top performers in the sector as they gained 141%. Cramer’s previous comments about the firm have shared that it has benefited from an upsurge in travel demand and troubles that its peer companies were facing. In this show, Cramer commented that the bull travel market finally appeared to be winding down. Here’s what he said about United Airlines Holdings, Inc. (NASDAQ:UAL):
“Okay well first of all I want to be constructive here. Cause everybody’s giving up. I noticed that, that the airlines that have said things are okay like United are bouncing. Delta’s not that bad. I liked, I’m looking at the action of UAL. I do think that historically when you have two incidents in a row of airline, let’s call them disturbances. There has always been a decline. Ed Bastion didn’t say that. The last bull market’s been in travel.”
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.”
5. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders In Q4 2024: 110
ServiceNow, Inc. (NYSE:NOW) is a software-as-a-service (SaaS) company that operates in the human resource management industry. As a result, its shares depend on economic health for performance as it dictates the state of the labor market. ServiceNow, Inc. (NYSE:NOW)’s shares closed 7.8% lower on Monday as recessionary worries played directly into the firm’s hypothesis. However, the next day as markets opened, the shares appeared to have held their ground. They closed the day 3% higher and as the stock was gaining, Cramer commented:
“ServiceNow is the one to watch by the way, it’s holding it.”
4. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Holders In Q4 2024: 115
Eli Lilly and Company (NYSE:LLY) is a pharmaceutical company that is under the sector’s spotlight due to its weight loss drugs. It is also one of Cramer’s top stocks and not only because of the GLP-1 products. The CNBC host believes that Eli Lilly and Company (NYSE:LLY)’s manufacturing investments and development pipeline offer it additional catalysts apart from the weight loss products. Additionally, he is also upbeat on a pill form of the drug. Here are his latest remarks about Eli Lilly and Company (NYSE:LLY):
“Keep an eye on Lilly. Because these have to bounce. If they bounce. . .”
“Remember Lilly passed Tesla, that’s why remember the Magnificent 7 is the Okay 10 because I don’t have seven.”
3. Walmart Inc. (NYSE:WMT)
Number of Hedge Fund Holders In Q4 2024: 116
Walmart Inc. (NYSE:WMT) is the mega retailer that, along with Costco, is Cramer’s top stock pick in its sector. The host is a fan of Costco because of its prices, and he likes Walmart Inc. (NYSE:WMT) due to the firm’s scale. His previous comments about the firm have indicated that the firm’s scale will allow it to navigate the inflationary effects of potential tariffs. The scale enables Walmart Inc. (NYSE:WMT) to steal margin from smaller firms, believes Cramer. Here are his latest thoughts about the world’s largest brick-and-mortar retailer:
“I would rather be in tech than I would say, you know except for Walmart and Costco, those are the ones that you buy at this moment. Walmart is down ten straight points. That’s wrong.”. But this is the age of Walmart and Costco. And there isn’t anything I get at Kohl’s that I can’t get at those two.”
2. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders In Q4 2024: 126
Tesla, Inc. (NASDAQ:TSLA) is the world’s largest pure play electric vehicle manufacturer. Its value is also tied to the firm’s CEO Elon Musk and the stock often rises and falls in tune with Musk’s pursuits. Tesla, Inc. (NASDAQ:TSLA)’s shares peaked by posting 90% in gains after the November election. Since then, the shares are down by 48% as investors grow wary about lower demand of its EVs. The shares are still in the red since the election. Here is what Cramer said about Tesla, Inc. (NASDAQ:TSLA):
“And then, Tesla. It’s not even a tie! Tesla’s number ten!”
“Buying a Tesla at what, what time in the morning did the President say he was going to buy a Tesla? Well there we go, 12:14 a.m., he said he was going to buy a Tesla. What is this Cinderella? I mean give me a break.”
“Tesla, we had Ron Barron booing it incredibly and then we had Adam Jonas saying listen it’s time to buy. That will matter. People listen to Jonas.”
“[On Adam Jonas’ recent note] Tesla’s down enough I mean let’s say next week Jensen talks at the GTC conference, talks about the humanoids. Those are, that is Tesla and the self driving we’ve forgotten about that, that is Tesla.”
“And don’t forget. The President needs to buy another 500,000 Teslas to get that where we need. 500,000. . . eh, why not? He’s rich.”
1. Berkshire Hathaway Inc. (NYSE:BRK-B)
Number of Hedge Fund Holders In Q4 2024: 131
Berkshire Hathaway Inc. (NYSE:BRK-B) is Warren Buffett’s well-known investment company. It is a classic stable stock that benefits during times of market turmoil as investors flee from high-growth names. Berkshire Hathaway Inc. (NYSE:BRK-B)’s stakes in insurance, energy, transportation, and other businesses allow it a diverse operating footprint that relies on stable industries. The shares have gained 9% year-to-date and 21.6% over the past year. Cramer’s remarks about Berkshire Hathaway Inc. (NYSE:BRK-B) came in the context of the firm holding its ground during Monday’s selloff:
“But now we have Apple, Microsoft, NVIDIA, Amazon, then Alphabet, and then suddenly it’s Berkshire Hathaway. .”
“I think that Berkshire is important.”
“. . .and I just think we have to keep an eye on Berkshire. . .Because these have to bounce. If they bounce. . .”
BRK-B is a stock Jim Cramer recently discussed. While we acknowledge the potential of BRK-B 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 BRK-B but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
