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 mentioned that selling due to pre-market futures activity is not a wise move. He added that President Trump’s approach of making big announcements on the weekends also leads to traders positioning themselves:
“But look, we’re looking at the futures, again, if people want to go sell everything because they see the futures, that historically is not been a really great way to go. It is Friday, we have a lot of news that always comes out on the weekends these days. Again, if you do not like Trump, you don’t want to own stocks. If you like Trump, you’re probably thinking this is a pretty interesting level.”
Cramer added that the Trump administration’s announcements and decisions are geared towards the President’s objectives and goals and not the stock market. “And I think that it’s not like you’re going to hear from the administration you know what we look at the stock market we’re going to go easy. That’s not their thing,” he said. “Their thing is to say we’ll even sacrifice the stock market to get what we want and then we’ll look to see what happens. But I have no illusions,” he added.
Commenting on the recent price action of the stock of the world’s leading AI GPU designer, he outlined that the stock “is pulling down all the tech. And that’s why I think if you didn’t have such bad numbers in housing, and bad numbers . . the tape is very negative. But I can make the case that right now if you look away from tech there’s some real bargains here. It’s just we keep losing bull markets.”
The CNBC host also commented on how it’s difficult to publicly make predictions about the stock market and whether there’s time to buy stocks:
“I said last night in my close, that if you came on our air, and you said to buy ahead of April 2nd, and the market gets killed on April 3rd, you will look like the biggest idiot in the world. Because there’s such a thing called YouTube and they can run you endlessly. So you can’t stick your neck out. Do I ever want to own some stocks? But I’m not sticking my neck out, because I don’t want to be constantly bombarded by YouTube which just says, you know what, this is a good opportunity because it makes you too much sound like buying stocks ahead of the Great Depression. There’s plenty of time to buy stocks. There’s plenty of time. But I do think that we’re in a void ahead of April 2nd. Then we have to look at it. Does that mean it can just go down endlessly? I don’t know Sarah, it’s conceivable.”
As for the tariffs, one reason why markets are roiled is because of uncertainty. According to Cramer:
“If the government is going to put through tariffs, no one will know what to do. And I think that’s part of the chaos. It’s not like they figured out how to be able to make it so that if you’re coming in from Mexico, you know how to pay. If you’re flying in from China, you know how to pay. I think the government right now should be working on schedules. And figuring out who is going collect it.”
Finally, he urged viewers to not give up. Commenting on markets being down for the week and equal weight delivering higher returns than market weight, he shared:
“If you have a broadening out, that gets away from Mag 7, you’re going to have a healthier economy. People aren’t used to that. People are so used to stocks going higher. . . .But the fact is the vast majority of stocks are doing okay, it’s just that you don’t see it because we’re stuck in an index that has heavy tech tells me, you know look, don’t give up, don’t give up. Giving up may, you may, you may get hit for another five to seven percent as we get to April 2nd.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on March 21st.
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).
8. Accenture plc (NYSE:ACN)
Number of Hedge Fund Holders In Q4 2024: 79
Accenture plc (NYSE:ACN) is a consulting company whose shares have faced quite a bit of turmoil in March. They have lost 11.5% so far after a 7.3% dip following the firm’s warning that the Trump administration’s cost-cutting initiatives could hurt its revenue. The revelation followed after Accenture plc (NYSE:ACN) shared that its bookings fell by 3% during the second quarter. Cramer’s first comments after the announcement lamented that analysts had continued to sell strength at the firm. Here are his latest thoughts about Accenture plc (NYSE:ACN):
“Alright, Accenture okay. This is the other side of the Tesla trade, this stock has now dropped from 396 to 296 and that’s because on the call, they said look, we have a huge percentage of our business is federal. And, we’ve been told, there’s not a lot procurement going on. Because everything’s frozen. And it’s crushed their business. So if you think that Musk leaves to go to Tesla, you can go buy Accenture. And maybe pick up fifty, sixty points. So there’s the other side of the trade for those are ready to go bullish.”
7. PDD Holdings Inc. (NASDAQ:PDD)
Number of Hedge Fund Holders In Q4 2024: 85
PDD Holdings Inc. (NASDAQ:PDD) is a Chinese eCommerce company that operates as Pinduoduo in its home country and as Shein and Temu in the Western world. Its shares are up by 33% year-to-date despite the fact that President Trump has proceeded with tariffs against China. Competition in China also led PDD Holdings Inc. (NASDAQ:PDD) to miss analyst Q4 revenue estimates of 115.38 billion Yuan as it posted 110.61 billion. The miss led its shares to drop by 4.2%. Here is what Cramer said about the firm:
“Like if you listen to FedEx really close you know, to Raj, who did a fantastic call by the way. The government, our government’s not really ready to start putting a duty on the De Minimis, which you know is Shein and Temu.”