In this piece, we’ll look at the 12 stocks that Jim Cramer talked about after the market crash.
In a fresh appearance on CNBC’s Squawk on the Street, Jim Cramer couldn’t stop talking about the stock market bloodbath on Monday that saw the S&P and Dow indexes post their worst day since December and the NASDAQ post its worst day since 2022. He started out by reiterating that the era of Magnificent 7 stocks appeared to be over. “I think this is a very crucial day and I just want to say, what I was saying was historically empirical, not hysterical and crazy,” Cramer shared. “I was looking at the Magnificent 7 for when Michael Hartnett created from Bank of America, and he did in May of 2023. And, what’s happened is this that we no longer have the top seven were, Magnificent 7,” he added.
Cramer stated that the Mag 7 stocks “were just about what was big market cap.” Recalling the banking crisis of 2023, he added: “And it was about what happened . . .this is the time of the banking crisis, two years ago. And that’s when this group asserted itself and they were responsible for all the gains. And that’s over. It’s hard to be Magnificent 7 when you’re not in the top seven.”
Television shows were on his mind when discussing the Mag 7’s fall from grace. Cramer likened Mark Zuckerberg’s social media company to Vin Tanner, who was played by Steve McQueen in the television series called the Magnificent 7. “[T]hat’s Steve McQueen obviously,” said Cramer. McQueen “was a great charitable guy, covered his death when I was in LA,” he shared.
Further elaborating on how the Mag 7 stocks were no longer the most valuable companies on Wall Street, Cramer shared that the world’s largest brick-and-mortar retailer was “at one point, was flirting with number ten,” which was Elon Musk’s car company. Naturally, this made him wonder: “So how are we supposed to, if we go back in time how this was created. They were the top seven. And, it was just not enough juice. They had nothing to do with each other. That’s been revealed.”
When his co-host Carl Quintanilla pointed out that the selloff was more than just the top stocks as 160 S&P names fell 4%, Cramer shared:
“I was looking at the stocks that have a market cap of five billion. That have fallen, fallen fifty percent since the election. . . .These are really good companies. So what I’m saying is this that we have overwhelm in tech. We have ways to get out of this.”
The conversation also saw him comment briefly on the mergers and acquisition market in the US. Cramer shared:
“I have really good information, up to date now on what’s going on in M&A. There’s a pause. I don’t wanna say it’s a shut down. There’s a pause. There are very few deals. There were going to be many deals. Now people want to wait. I mean many deals. I mean the pipeline was really rather extraordinary a month ago. . .but it’s put on hold, not done. But it is a floodgate ready to happen if there can just be a [inaudible] from Washington.”
Naturally, since the stock market crash was influenced in part by recessionary worries and President Trump’s tariffs, Cramer commented on the President in line with global stock markets:
“This weekend I did a piece, and I said everyone keeps thinking about the Dow. I think that the President is competitive versus other countries. And he could very quickly say look, he has distinguished himself by not caring about the stock market. Well how about their stock markets? They’re crushing us. Are we really going to let the Italian stock market beat us? Is Spain gonna? Spain? Spain?! I mean are you kidding me? I don’t think it’s been this strong since Franco!”
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).
12. Kohl’s Corporation (NYSE:KSS)
Number of Hedge Fund Holders In Q4 2024: 26
Kohl’s Corporation (NYSE:KSS) is a retailer that sells a variety of products such as footwear and apparel. Cramer hasn’t been a fan of the stock for a long time as he believes that it will be quite difficult for the firm to steady its ship. Kohl’s Corporation (NYSE:KSS)’s shares have lost a whopping 34.7% year-to-date on the back of a stunning 24% drop in March. The shares lost a quarter of their value after the firm’s fourth-quarter revenue and same-store sales dropped by 9.4% and 6.7%. Naturally, Cramer wasn’t impressed and didn’t hold back:
“Kohl’s is just, that’s just a pathetic organization. A parody of the mind, frankly.
“Kohl’s is, they have real structural problems and, they have Sephora. I mean when I go to my Kohl’s you know it’s like, wow, okay well what do you have? It’s existential with Kohl’s. . . 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.”
11. Asana, Inc. (NYSE:ASAN)
Number of Hedge Fund Holders In Q4 2024: 33
Asana, Inc. (NYSE:ASAN) is a software company that provides task management products and services. The shares have lost a whopping 36% year-to-date driven by a 24% drop in March. Asana, Inc. (NYSE:ASAN)’s shares sank after the firm’s CEO Dustin Moskovitz, who also co-founded Facebook, announced a surprise resignation during its earnings report. Naturally, investors don’t take well to such news and neither does Cramer:
“You type in Asana [in Grok], where the CEO decided mysteriously decides, hey, guys, I love you, see ya later. That was an amazing call by the way. I mean we’re like listeners like what he dropped the mic?
“And how they came up with Asana, which is by the way a disaster. . .”
10. Southwest Airlines Co. (NYSE:LUV)
Number of Hedge Fund Holders In Q4 2024: 34
Southwest Airlines Co. (NYSE:LUV) is one of the largest airlines in America. The firm spent 2024 aiming to drive its revenue per customer and fleet optimization. Cramer’s previous remarks have focused on activist Elliot Management’s role in the company and cited faith in Elliot. Southwest Airlines Co. (NYSE:LUV)’s shares jumped by 8% while the market underwent a selloff. The stock rose after the firm made leeway with its strategy and announced that it would charge baggage fees. Cramer was impressed:
“They’ve figured it out. They have to start making more money than everybody else. Thank you. They changed the board. They changed the executive structure. And I think they realize, you know what, we gotta play the game. That’s the old days. People are making too much money on baggage we got to do it.”
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.”
8. Macy’s, Inc. (NYSE:M)
Number of Hedge Fund Holders In Q4 2024: 42
Macy’s, Inc. (NYSE:M) is one of the largest retailers in America. Like most other retailers, the firm struggled in 2024 as it saw volumes drop in an inflationary environment. Year-to-date, the shares have lost 17.2% as Macy’s, Inc. (NYSE:M) has failed to convince investors that it can grow well in 2025. Cramer commented on the firm’s recent quarterly report where its $7.77 billion revenue missed analyst estimates of $7.87 billion and its guidance fell short as well. The CNBC host hopes that Macy’s, Inc. (NYSE:M)’s problems aren’t structural:
“And what has to happen, and by the way, better not be existential with Macy’s, cause Macy’s closing, Macy’s has gotta stop going down. Cause that was not a good quarter.”
7. MicroStrategy Incorporated (NASDAQ:MSTR)
Number of Hedge Fund Holders In Q4 2024: 44
While MicroStrategy Incorporated (NASDAQ:MSTR) is an enterprise data analytics firm, its shares have performed well lately for different reasons. Its CEO Michael Saylor has been an avid Bitcoin buyer which has tied the stock to the cryptocurrency’s fortunes to an extent. In his previous remarks about MicroStrategy Incorporated (NASDAQ:MSTR), Cramer commented that retail interest in the stock might be a bit too much. Here are his latest remarks:
“We do wanna watch MicroStrategy. . . Because these have to bounce. If they bounce. . .”
“Buy gold instead of Bitcoin, perhaps. Maybe Michael Saylor will go borrow a lot money and buy gold to get that thing to breakout. Saylor’s got firepower. He’s unlimited firepower.”
6. DICK’S Sporting Goods, Inc. (NYSE:DKS)
Number of Hedge Fund Holders In Q4 2024: 45
DICK’S Sporting Goods, Inc. (NYSE:DKS) is an American sports goods retailer that sells products for fishing, golfing, fitness, and other activities. Over the year, the shares have gained 10% as the firm has battled constrained consumer spending amidst high inflation. Cramer’s previous comments about DICK’S Sporting Goods, Inc. (NYSE:DKS) have seen him remain upbeat about the firm ahead of its earnings. The shares fell by 7% after the firm’s latest earnings report. Here are Cramer’s thoughts:
“I think it’s hard because I actually thought Dick’s was okay. People didn’t like the, they didn’t like the guide.
“And I actually think Dick’s was better than people realized.
“. . .a lot of stocks that need to go down. Let’s talk about Dick’s. When I came in Dick’s was down ten points, DKS. The conference call was incredibly, very, very bullish. Lauren Hobart doing a terrific job. She’s non-promotional. I wanna point out again that the comparable store sales was 6.4%. That’s far better than people thought. Again, we’re in a difficult situation Carl. You look at headlines. And headlines are so often wrong these days that they happen so fast. And they just scrape. And they scraped incorrectly. And I think that Lauren, because she’s not promotional, was not able to get the story out in the headline. But Dick’s had a really good quarter. And you know if you look at the stack year-over-year, two years, it’s really extraordinary. So that stock has now rallied nine points from where it was. If that goes green then I think you asked me earlier about the consumer discretionary, that would be the one to watch. It’s gotta go green. It’s not enough yet. But that’s the one that can save consumer discretionary.
“You know look, it’s a great quarter. I mean okay so the outlook, I know the forecast is the forecast, I’m wise enough to know that. I didn’t fall off the turnip truck. But I do think that I could make a very good case. 362 vs 354. Sales got a little light, but again they are very conservative and they’re, the ticket, the price is up a lot.”
5. Target Corporation (NYSE:TGT)
Number of Hedge Fund Holders In Q4 2024: 56
Target Corporation (NYSE:TGT) is a sizable retailer whose shares have lost 32% over the past year. The stock dipped by 22% in November after the firm’s Q3 revenue and earnings per share of $25.7 billion and $1.85 missed analyst estimates of $25.9 billion and $2.30. The stock shed another 5.2% in March even though Target Corporation (NYSE:TGT)’s fourth-quarter earnings beat analyst revenue, earnings, and forecast estimates. Here is what Cramer said:
“But I do feel that we have to see Target bottom at a 4% yield. We gotta see Walmart bottom.”
4. American Airlines Group Inc. (NASDAQ:AAL)
Number of Hedge Fund Holders In Q4 2024: 59
American Airlines Group Inc. (NASDAQ:AAL) is one of the largest airlines in America. It has spent the past year navigating through turbulence generated by lower revenue and navigated the storms by increasing revenue on the back of a stronger travel season. Cramer’s show saw him share that the bullish travel market might be over. He wasn’t impressed by American Airlines Group Inc. (NASDAQ:AAL)’s stock price performance either; unsurprising, given the shares have bled 17.8% year-to-date. Here’s what he said about the airline:
“American Airlines. What is that, back to COVID times? I mean, jeez. Get it together for heaven’s sake.”
3. Colgate-Palmolive Company (NYSE:CL)
Number of Hedge Fund Holders In Q4 2024: 62
Colgate-Palmolive Company (NYSE:CL) is a sizable consumer goods company whose business model means that investors flee towards it for refuge when growth stocks and broader markets tumble. Its shares have gained 3.9% year-to-date, but tumbled by 3.5% on Tuesday. The dip in Colgate-Palmolive Company (NYSE:CL)’s shares is telling when we analyze it in tandem with Cramer’s remarks. The host believes that the stock has to fall to show that investors are willing to return to growth names. Here’s what he said about Colgate-Palmolive Company (NYSE:CL):
“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 Smucker, SJM, Colgate, and JNJ. These are two companies, SJM and Colgate, that are not doing well. . .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. . .Colgate has to be thrown back to 92 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.”
2. Lennar Corporation (NYSE:LEN)
Number of Hedge Fund Holders In Q4 2024: 70
Lennar Corporation (NYSE:LEN) is a large American home-building company whose stock responds to the interest rate environment. Its shares have dropped by 2.4% year-to-date and by 20% over the past year. In his previous remarks about the firm, Cramer has revealed that Lennar Corporation (NYSE:LEN) is using AI to help streamline its workforce. He has also cited data from the firm to share that housing prices might drop in America. Here are his latest comments:
“Lennar was downgraded. Well, thanks for nothing. I mean the home-builders are just, they’ve crashed. What happens if we have two weeks of good, we should call Doug Yearley. If they have two weeks of good selling season because I mean Axios has a piece today about how, how terrible housing is. I mean mortgage rates have come down, and housing’s come down. I love Axios, but you know I deal with week to week. Or day to day of housing.”
1. T-Mobile US, Inc. (NASDAQ:TMUS)
Number of Hedge Fund Holders In Q4 2024: 70
T-Mobile US, Inc. (NASDAQ:TMUS) is one of Jim Cramer’s favorite telecommunications carrier stocks. He discussed it and its peers during the show and was far more appreciative of T-Mobile US, Inc. (NASDAQ:TMUS). In his previous comments, the host praised the firm’s CEO Mike Sievert, and claimed that Sievert’s “The only guy who’s really doing well.” Cramer’s remarks revolved around T-Mobile US, Inc. (NASDAQ:TMUS)’s strong performance with its 5G postpaid subscriber growth which saw it add a whopping 903,000 subscribers during Q4. This time around, he wants more from Sievert:
“T-Mobile, I wanna hear about Mike Sievert, I wanna hear what he’s saying. Because the stock’s down nine. And if he comes out and says listen, I’m sticking with this or it’s gonna be great, that can have a turn. Because it was competitive.”
TMUS is a stock Jim Cramer recently discussed. While we acknowledge the potential of TMUS 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 TMUS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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