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 continued to warn users to not trust billionaires. His remarks built on an earlier show, where he had shared that “you can’t make money listening to a billionaire because they already have made money.”
This time around, Cramer outlined that billionaires often share the sentiment that it’s hard for others to become as rich as they are. “They close the door,” he commented and added: “Well they’re always negative.” Cramer also believes that luck might play a large role in making someone a billionaire. According to him: “We never, we never grade them because if they’re billionaires we think that they have to be genius. We never think about luck. We just think, well they might have had really great trade.”
In response, co-host David Faber pointed out that the one key trait that he has observed in most billionaires is their relentless drive. Cramer responded by sharing that billionaires are “tiresome.” He also felt that President Biden’s goodbye speech about oligarchs was “completely ignored.”
During the show, Cramer also commented on how using ChatGPT was proving troublesome. He outlined:
“I use ChatGPT like, probably maybe fifty times a day. I do it text and I’m continually let down by the lack of rigor of what I get. I mean I’ll say tell me everything I need to know about [a pharma company – BMY]. And it won’t even have the patent cliff. Doesn’t mention the patent. . . I mean it just doesn’t get the story at all.”
“Well no, you have to know, the key thing about I think about all these sites is you have to know how to put the question. Give me the pluses and minuses of [BMY], was the actual inquiry. And I just find that, it’s just not rigorous. I mean you can’t rely on it. You have to go to all the different sites. You know I go to. Claude-3 a lot. I’d rather go to Claude Rains than Claude-3.”
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 26th.
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).
13. The Coca-Cola Company (NYSE:KO)
Number of Hedge Fund Holders In Q4 2024: 81
The Coca-Cola Company (NYSE:KO) is one of the biggest beverage companies in the world. The firm’s shares are up by a modest 18% over the past year primarily on the back of an 11% jump since February. The Coca-Cola Company (NYSE:KO)’s shares soared after the firm’s fourth-quarter results saw it weather a storm in the packaged foods industry through the strong performance of its beverage business. The firm posted $11.47 billion in revenue for a 4.2% growth which was in contrast with a 2.47% drop penciled in by analysts. Cramer’s remarks for The Coca-Cola Company (NYSE:KO) were brief:
“Coca Cola has been amazing. Amazing.”
12. The Home Depot, Inc. (NYSE:HD)
Number of Hedge Fund Holders In Q4 2024: 88
The Home Depot, Inc. (NYSE:HD) is a home improvement retailer that Cramer often discusses on his morning show. His remarks have primarily covered the firm’s fourth-quarter earnings report which sent the shares 2.8%. During its fourth quarter, The Home Depot, Inc. (NYSE:HD) grew its same-store sales by 0.8% which signaled to investors that the situation in the home improvement market wasn’t as bad as feared. However, for 2025, the firm forecast a 2% profit-per-share drop which was opposite of analyst estimates of a 4.7% growth. Here is what Cramer said about The Home Depot, Inc. (NYSE:HD):
“We had good pro numbers from Home Depot, good pro numbers from Lowe’s, something could be on here David. It is not as bad as feared. These two companies are excellent.”
“. . and their [Home Depot] numbers were good, in this environment. Now you gotta look, if you looked at Home Depot, or this, I mean, look everyone was, there was a lot of short money betting against these. I think that when you have a stock that goes down like this you should rethink. But I liked, I liked them. And the Home Depot team, Ted Decker, look these teams, remember these guys take a lot of share too from the mom’s . . .there’s still mom and pop hardware stores that they take. And remember, you’re betting against now they’re Christmas Season, which is going to be, the garden season. Appliances still bad every where.”
