Jim Cramer Discusses These 12 Stocks & Trump DOJ’s Action Against Health Insurance Companies

9. Rivian Automotive, Inc. (NASDAQ:RIVN)

Number of Hedge Fund Holders In Q4 2024: 40

Rivian Automotive, Inc. (NASDAQ:RIVN) is an electric vehicle company that makes and sells electric pickup trucks and SUVs. Its shares have gained 28% over the past year primarily on the back of a 75% gain between late June and early July. Rivian Automotive, Inc. (NASDAQ:RIVN)’s shares soared by an unbelievable 43% in June after a CNBC report revealed that the firm could see a $5 billion investment from German auto giant Volkswagen. However, trouble in the EV market and slowing sales growth meant that the stock closed 2024 28% lower than its July peak. Here’s what Cramer said about Rivian Automotive, Inc. (NASDAQ:RIVN):

“[on RIVN’s light guidance] The normal plant is doing well. I know that they missed by about five, six thousand. But I don’t wanna be in that business unless I’m with Musk. It’s that, the stuff isn’t selling well enough. It really isn’t. I really like Rivian, but wow, I gotta tell you, this administration, they’re trying to impound that money. I think that they would like to take a lot of money back Biden released in the last few weeks. It’s against the law, but that really [laughs] is an abstraction now. It’s an abstraction to be against the law. Who’s gonna enforce it? The Justice Department? The Justice Department. . .”