Jim Cramer Discusses These 12 Stocks & Says Mag 7 Stocks Are A Thing Of The Past

9. The J. M. Smucker Company (NYSE:SJM)

Number of Hedge Fund Holders In Q4 2024: 37

The J. M. Smucker Company (NYSE:SJM) is an American food products company that is off to a modestly strong start to 2025. Its shares are up by 2.6% year-to-date as it has benefited from high coffee prices allowing it to raise prices and mitigate the impact on its snacks business. In his previous comments, Cramer has remained mixed about The J. M. Smucker Company (NYSE:SJM)’s snacks division as he believes that GLP-1 drugs pose a long-term threat. This time around, he called it one of the keys to the current market:

“David Faber often asks me, what’s the key to this market? I’m gonna have to give three keys, I’m sorry, lot of doers. SJ [JM] Smucker, SJM, Colgate, and JNJ. These are two companies, SJM and Colgate, that are not doing well. They had suboptimal results. JNJ has moved up mightily and it’s right at the level where it can either break out or be repelled. Not sure about this. And, what I’m saying is this these three have been bid up unnaturally by this program, which is out of the really good stocks of companies that are doing really well. And then to the companies. . .Smucker has to be thrown back to the 110 level. . .Where they began these ascents. These companies are not doing well enough to be able to support the rallies that they’ve had. It’s entirely done by traders who don’t seem to know how to trade by putting things on immediately. I wish I had worked these orders, you wouldn’t see this action.

“. . .you need to see Smucker down, because that’s where all the money went to. And that was ridiculous. That’s just a program done, again, by incredibly sloppy traders who don’t know how to trade.”