Jim Cramer Discusses These 10 Stocks, The Fed Chair & Lower AI Costs

8. General Motors Company (NYSE:GM)

Number of Hedge Fund Holders In Q3 2024: 64

General Motors Company (NYSE:GM) is one of the largest car manufacturers in America. Despite rival Ford struggling due to high costs, the firm has managed to hedge the inflationary storm that hit the US car industry in 2024. General Motors Company (NYSE:GM)’s shares are up by 40.7% over the past twelve months as the firm experienced robust demand for its vehicles. However, the stock fell by 8.9% after the firm’s $3 billion net loss included $4 billion in restructuring charges. Investors were also wary about President Trump’s tariff plan and its impact on costs. Here’s what Cramer said:

“[On GM being down 9%] That’s ridiculous. Ridiculous, ridiculous.

“Were you shocked by the charges? I wasn’t shocked by the charges. . .who’s selling that?”