In this piece, we will look at the stocks Jim Cramer recently discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer commented on whether President Trump would risk high inflation that could result from tariffs. While some have argued that the strengthening of the US dollar could reverse the tariffs’ inflationary impact, Cramer commented on the effect of the tariffs on trade with America’s closest trading partners.
According to him: “If you look at Mexico, I do some business in Mexico, the Peso fell apart. So suddenly we had this windfall from Peso. Kind of wanted to do more business. And then we got the deadline. Had to ship everything out really quickly. People don’t realize that the currency sometimes is adjusting and there’s a lot, it’s much more difficult than people just think.” Cramer added that the right approach to tariffs can be targeted tariffs. He believes “If you’re not in favor of targeted tariffs where there’s got to be some fair trade, I think you’re just willing to have” some of the largest and most important steel companies in America “get wiped out” due to cheap Chinese steel entering the US market via Mexico.
However, just because targeted tariffs might be right for the steel industry doesn’t mean broader tariffs are irrational. Cramer shared that “so there is like, there’s targeted, that’s Navarro [who argues for targeted tariffs], and then there’s just kind of like broad based . . .of we gotta solve the problem of why Nissan doesn’t have more plants here. I don’t it’s so irrational. . . .It comes out a little irrationally, and then it’s lumped in with some of the Ukraine things that I kind of don’t wanna talk about because they seem a little . . .”
Cramer remained focused on President Trump and also commented on his approval slipping according to a Reuters poll. The CNBC TV host outlined that while the poll might show that the President was becoming unpopular, “at the same time, when you’re with all these business executives that I was, at the Super Bowl, oh my. Oh my, I mean I’m talking about people who’re just saying, look, let’s just tell you something Jim, this election occurred, we didn’t expect it, we didn’t like the guy. But wow, business is so good, we like the guy. That was the tone, and it was the tone for every industry. Didn’t matter. . . I’m talking about every single line of work, people saw a huge expansion in business except for homes.”
While the President ran a diametrically different election campaign to his predecessor’s policies, his administration’s approach to anti-trust cases is shaping up to be quite similar. Commenting on this peculiar phenomenon, Cramer shared:
“I think the people have to understand, that the, when I went through these last night, these are actually rules of law. They are not ideological, they are not meant to hurt business, they are meant to be able to include the worker. Interestingly enough Lina Khan did not do enough to include the worker. That’s what, one of the things that said that to me, sent her way off base. But I do think that there was a neutrality to it that Democrats, Republicans, both don’t want jobs to be lost. So I don’t want people to think that it necessarily is going to lead to fewer mergers. But I would say, it’s the tone. When I speak to CEOs, they don’t expect to be subpoenaed, they don’t expect some sort of lawsuit . . .and the idea of constructive dialogue with that, with the agreement of the legalese so to speak, is actually going to change things. It’s constructive, it’s no longer hateful.”
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 February 19th.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds invest in? 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 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
11. Etsy, Inc. (NASDAQ:ETSY)
Number of Hedge Fund Holders In Q4 2024: 58
Etsy, Inc. (NASDAQ:ETSY) is one of the few eCommerce firms that enables buyers to find specialty and custom items. Its shares are down by 32% over the past year as the firm has struggled with dropping merchandise volumes amidst a tight economy. Etsy, Inc. (NASDAQ:ETSY)’s stock dropped by 10% in February when its gross merchandise volumes for December missed analyst estimates. The firm reported $3.74 billion in GMV which fell short of the $3.88 billion in estimates. Cramer was disappointed by Etsy, Inc. (NASDAQ:ETSY)’s earnings as he shared:
“That was just so disappointing. I like Etsy so much . . .and the gross merchandise sales were just not good. I went to one of their popup stores, during the holiday season, and it was so great. And I think anyone who’s used Etsy finds that they do get the individual making the stuff for you but I guess we gotta really look at this company seriously about why it’s not doing better because it does have, I think all of us have non-mall great experience with Etsy. And I just find maybe, I mean I’m not that savvier [inaudible] with these sites but that’s where a lot of people put stuff, make stuff, I want to know what’s going on there.”
10. Dell Technologies (NYSE:DELL)
Number of Hedge Fund Holders In Q4 2024: 63
Dell Technologies (NYSE:DELL) is a computer hardware company that caters to both enterprise and consumer demand. As has been the case with other firms that offer server hardware, its shares have also depended on AI orders in today’s AI age. Dell Technologies (NYSE:DELL)’s stock dipped by 12% in November when its third-quarter results revealed lower exposure to AI demand. Similarly, they bled 8.7% of their value in January during the DeepSeek selloff. However, in February Dell Technologies (NYSE:DELL)’s stock is up by 15% primarily on the back of a purported data center order from Elon Musk’s xAI. Here is what Cramer said:
“I think that Dell’s going to have a good quarter, I know that the last quarter, people didn’t like. But they didn’t have the advantage of having Blackwell, which is something they have great, great ability to . . . “
9. Analog Devices, Inc. (NASDAQ:ADI)
Number of Hedge Fund Holders In Q4 2024: 64
Analog Devices, Inc. (NASDAQ:ADI) is a diversified semiconductor company that sells signal conversion products, switches, and other items. Its product portfolio exposes the firm to industrial demand which led the shares to appreciate by a modest 9.3% in 2024. However, 2025 is shaping up to be a good year for Analog Devices, Inc. (NASDAQ:ADI)’s shares as they have gained 15.4% year-to-date. The gains are primarily on the back of a strong fiscal first quarter which saw the firm post $2.40 billion in revenue and guide $2.50 billion for the current quarter. Both of these beat analyst estimates. Here’s what Cramer said about Analog Devices, Inc. (NASDAQ:ADI):
“They said, look the turn is here. It’s Vincent Roche, people like Vincent Roche very much. He’s [a] terrific CEO. And he says, look, the turn is here. Now, by the way, he has kept people from saying that there is a turn. So suddenly when he says there’s a turn, he has not called a turn three times. I’ve got guys who’re like on their fourth, this is the turn, and those guys are like turns like the bird. This is a very good, Vincent says ADI is good, it’s good. And even though it’s industrial, it’s internet of things.”
8. Toll Brothers, Inc. (NYSE:TOL)
Number of Hedge Fund Holders In Q4 2024: 64
Toll Brothers, Inc. (NYSE:TOL) is one of the biggest home-building companies in America. The firm has struggled recently as high interest rates have dampened construction activity and raised home prices to stifle demand. As a result, Toll Brothers, Inc. (NYSE:TOL)’s shares are up by a modest 11.20% over the past year as they struggle to recover from a 15% dip in December. The shares started their downward spiral after the firm’s fourth-quarter earnings report saw its backlog dip by 9% to 5,996 units. In February, the stock dropped by 5.9% after the firm’s first-quarter revenue and EPS of $1.86 billion and $1.75 missed analyst estimates. Here’s what Cramer said:
“. . .I know, I mean. . .January was tough. And by the way, I know Toll, I never like to talk while a conference call is on, but the statement yesterday, mixed spring selling season, not up to their own, their best. Dollar price of a Toll home, I’m embarrassed to say it’s a hundred and twenty, sounds like its, how it go down from a million but it went down a lot. And Doug Yearly, one of the great CEOs, I happen to like him personally because he’s from right were I’m from. And one of the things that just dazzles me is this is the first time. The first time during this whole run where they got hurt. And people have to understand, Toll makes really good homes.”
“Look I think that in some ways, the Fed’s getting what it wants. Now I know we have the minutes, I always discount them cause they’re from so long . . .yeah we have fresh economy every day. I love Doug and I said that, but I don’t want the week to week, well you know we had a great Saturday. I mean come on, the morning in Saturday was dynamite, the afternoon it was like nothing. Let’s get away from that. I want to stick with what he said, which is that things are changing. Not going in the right way. You know there was, when I take a look at what’s going on, in housing, if we don’t want the lower end to start doing worse. Now when it’s just the high end’s doing well, what happens is the high end happens to be located where there are a lot of jobs. The lower end tends to be located where there are not as many jobs. So it’s the haves, or the haves get it. Now, I want to hear from Horton, because they’re all, their homes are very inexpensive versus toll. These stocks are going, they’re signaling, look out, the mortgage rates are way too high.”
7. Novo Nordisk A/S (NYSE:NVO)
Number of Hedge Fund Holders In Q4 2024: 64
Novo Nordisk A/S (NYSE:NVO) is one of the two primary players in the global weight loss drug market. It makes weight loss drugs such as Wegovy but has struggled to compete with US pharma giant Eli Lilly. More recently, Novo Nordisk A/S (NYSE:NVO)’s stock has come under pressure due to President Trump’s geopolitical decisions. Investors were worried in January whether the firm would be caught in the crosshairs of a dispute surrounding Greenland between the US and Denmark. However, disappointments about its weight loss drugs have ‘weighed’ more heavily on the stock which dipped by 18% in December after disappointing trials. Here’s what Cramer said about Novo Nordisk A/S (NYSE:NVO):
“[on what foreign pharma tariff might mean for Lilly] Right, in meanwhile Novo Nordisk is up, they would be the one that’d be most hurt, they make their stuff overseas. And Eli Lilly would be helped. But the market is not rational. Or doesn’t believe the President. The President, I was watching Frank, like I do every morning, Frank Holland, the Japanese car companies were up. Well this is, I have a source, source in the administration . . .you guys thought about why you’re, you’re not even tariffing all these cars that are coming in from Japan? Next thing you know, say it here, it comes out there, it was a little strange.”
6. Hewlett Packard Enterprise Company (NYSE:HPE)
Number of Hedge Fund Holders In Q4 2024: 66
Hewlett Packard Enterprise Company (NYSE:HPE) is an enterprise computing products provider. While it is one of the oldest computing companies in America, the firm has some exposure to the AI industry. Cramer’s remarks for Hewlett Packard Enterprise Company (NYSE:HPE) surrounded the firm’s multi-billion dollar bid to acquire Juniper Networks. While it made the bid in 2024, the offer was targeted by Trump’s DOJ in 2025 which sent Hewlett Packard Enterprise Company (NYSE:HPE)’s shares tumbling by 11.9%. Cramer disagrees with the DOJ’s decision:
“[On HP and JNP deal blocked by Trump admin] I think that shows the ill-advised nature of how tech works. I think it was, at one point, when I got out of Harvard Law I would have said stupid, but I’ve learned you don’t use those words. It just seems to be a suboptimal level of thinking. They don’t seem to understand what Juniper does, and what HPE does. And I urge them to look at the actual businesses that HPE competes in and they would know that this is something that won’t necessarily give them a leg up against some very difficult competitors. They should at least call Kevin Johnson, they don’t even know the bases of Juniper from way back. I thought that when I saw that, I said jeez, they’re so ill-informed about tech. Mr. Neri, I had him on the show, he’s the CEO of HPE . . .explained it to me, I did a lot of work ahead of the interview and I found myself thinking, wow, who are these lawyers.”
5. McDonald’s Corporation (NYSE:MCD)
Number of Hedge Fund Holders In Q4 2024: 67
McDonald’s Corporation (NYSE:MCD) is one of the largest fast-food chains in the world. Its shares have gained a modest 3.5% over the past year as the firm has struggled to recover from a 5% share price dip in October that followed an E. coli outbreak in its burgers. Ahead of the dip, McDonald’s Corporation (NYSE:MCD)’s shares had gained a modest 2.9% during the year as they were affected by inflation forcing consumers to switch to homemade meals or other alternatives. Here’s what Cramer said about McDonald’s Corporation (NYSE:MCD):
“You know when you sit down with a guy like Chris Kempczinski, McDonald’s. These guys are serious guys, and they have to deal with franchisees. And they got the price down. I mean I would complain to them about the seven dollar fifty cent egg McMuffin. I mean they are well aware that that is much, much, much above what it was. These companies have brought things down.”
4. Occidental Petroleum Corporation (NYSE:OXY)
Number of Hedge Fund Holders In Q4 2024: 68
Occidental Petroleum Corporation (NYSE:OXY) is one of the largest oil and gas companies in the US. The stock is down by 12.5% over the past year as the firm has struggled because of weak crude oil prices. Oil prices dipped throughout 2024’s first half as weakened economic activity in China and high output created a demand and supply imbalance. Amidst current weakness, Occidental Petroleum Corporation (NYSE:OXY) announced in February that it will sell some assets for a $1.2 billion price tag and its first quarter midpoint production guidance of 1.39 MMboepd fell short of analyst estimates of 1.43 MMboepd. Here is what Cramer said about the firm:
“DiamondBack has actually not been great, but Oxy’s extraordinary.”
3. The TJX Companies, Inc. (NYSE:TJX)
Number of Hedge Fund Holders In Q4 2024: 73
The TJX Companies, Inc. (NYSE:TJX) is an American off-price retailer that is one of the largest firms of its kind. Cramer’s previous remarks for the company have mentioned that the stock is one of his top picks for his investment club. The TJX Companies, Inc. (NYSE:TJX)’s shares have gained 26% over the past year as they have benefited from several catalysts such as the holiday season driving up comparable same-store sales during the third quarter. Here is what Cramer said:
“Walmart and Costco and TJ Max, TJX, we own, I wish we owned Walmart but we can’t own all three, it’s very undiversified. But those are the three companies that are doing the most to cut prices.”
2. Arista Networks, Inc. (NYSE:ANET)
Number of Hedge Fund Holders In Q4 2024: 78
Arista Networks, Inc. (NYSE:ANET) is a networking equipment company whose exposure to data centers has helped the firm in today’s AI age. The shares gained 92% in 2024 due to its data center exposure. However, Arista Networks, Inc. (NYSE:ANET) sank by 22% during the DeepSeek selloff and by another 6.4% in February as investors worried whether the firm might have lost market share to contract manufacturers. In his previous remarks, Cramer’s been upbeat about Arista Networks, Inc. (NYSE:ANET)’s CEO and he continued the optimism this time around as well:
“One of my favorite companies, one of the great performers of our era is Arista Networks. They do networking for data, for cloud. They are very much involved in everything we hear about what the tech titans, Jayshree Ullal is so great . . .they reported last night, people did not like the quarter, she guided conservatively, talked about the idea of margin pressure from Meta. Now let me just say this, every time there has been any conservative statement from Jayshree, you buy. You wait a couple of days, you let the stock settle. This time will be no different, there’s no real loss of business at Meta to speak of. And I’ve got to tell you, in the end everybody raised price. Now we saw this last week, this phenomenon, Palo Alto gets trashed the night before everybody raised price, now the stock is above where it was. I’m not saying this necessarily, well it is a four for one, it’s not down. I’m not saying that this thing will recover immediately, because there is some hair on it with Meta. But if you watch her tonight, and I don’t know exactly what she’s going to say, but she’s conservative. And at one point she says in the call, look the guidance is the guidance. . look at that, this is not the beginning of the end of Arista, they are in almost every data center, they are doing incredibly well.”
“This company is graded at a level of, it’s unbelievable. There’s, she’s held to a standard that is ridiculous, and in the end, she just delivers, and delivers, and delivers. Watch her tonight, I’ve known Jayshree for years. She is a hitter and you bet against her, you know what kind of letter I send? The invitation to your funeral.”
1. 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. In his earlier appearances, Cramer has pitched the stock as being better than mega oil giant Exxon. The CNBC TV show host is a fan of Chevron Corporation (NYSE:CVX)’s CEO Mike Worth, and he has also noted that the firm’s sizable free cash flow and dividend make it an attractive stock. He also believes that analysts often have too high expectations for the firm and end up being disappointed when Chevron Corporation (NYSE:CVX) fails to meet them. Here are his latest remarks:
“Chevron had a little bit of a comeback. I know Mike Worth probably feels like will anybody give us some love. We’re really growing the, we’re growing our reserves at the same time we’re growing our dividend.”
“But that thing’s come back. And people want to own one that I think is really steady that is behind, go with Worth. Go with Chevron. I was on one of their platforms in the Gulf, they’re doing amazing things.”
CVX is a stock Jim Cramer recently discussed. While we acknowledge the potential of CVX 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 timeframe. If you are looking for an AI stock that is more promising than CVX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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