Jim Cramer Discusses These 11 Stocks & President Trump’s Sovereign Wealth Fund

8. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders In Q3 2024: 76

Starbucks Corporation (NASDAQ:SBUX) is a coffee chain that is currently undergoing a turnaround strategy under CEO Brian Niccol. Cramer is a fan of Niccol and has been full of praise for the executive this year. Starbucks Corporation (NASDAQ:SBUX)’s shares jumped by 8% in late January after the firm’s fourth-quarter results revealed that its comparable sales fell by 4% during the quarter which was lower than the 4.6% estimated by analysts. Cramer continues to be a Niccol fan but has adjusted his position in Starbucks Corporation (NASDAQ:SBUX):

“I like Brian Niccol very much. But I turned to Jeff Marks, my colleague portfolio manager and said you know what I’ve loved this for so long but can’t we trim it a little? I mean come on, Brian’s great, there’s no doubt about it, but it’s still coffee.”

[On whether Niccol shifting to Starbucks hurt Chipotle] “No I thought Scott Boatwright did a good job. And I think that he, you know January’s not that good, February’s not that good, some of that’s weather. But when you get that honey chicken, when you discover that limited time offer, people are going to come right back. Now, that sounds a little facetious, but that was a major part of the conference call. Which is that don’t give up on the stock with that chicken coming.”