Jim Cramer Discusses These 13 Stocks & Criticizes Billionaires

11. Intuit Inc. (NASDAQ:INTU)

Number of Hedge Fund Holders In Q4 2024: 89

Intuit Inc. (NASDAQ:INTU) is a software-as-a-service (SaaS) firm that provides financial products to businesses and consumers. Its shares have lost 5.9% over the past year on the back of multiple weak earnings reports. However, Intuit Inc. (NASDAQ:INTU)’s shares jumped by 12.6% in February as the firm’s fiscal second-quarter earnings report saw it post $4 billion in revenue to beat analyst estimates of $3.8 billion. Its low-end Q3 revenue guidance of $7.55 billion also topped $7.53 billion of estimates. Here is what Cramer said:

“Carl there was a thought that maybe Intuit was not gonna make the quarter. Uh, its [inaudible] about global business solutions. Consumers only have three percent. But, uh, Credit Karma was magnificent, uh, 16% dividend boost. Morgan Stanley goes hold to buy, fantastic, just fantastic situation. I like those guys very much. I think people really misjudge, there are small businesses still very strong in this country.”

“[On whether tax filing plays a large role] They’ve managed to be able to kind of avoid that by making it really much more small businesses. Uh, and, wow I mean having used it as a restaurant owner it’s a really extraordinary, it’s a powerful product. Makes it easygoing.”