Jim Cramer is Recommending These 10 Stocks

Published on January 25, 2024 at 9:55 am by Fahad Saleem in Hedge Funds, News

In this article, we will take a detailed look at the Jim Cramer is Recommending These 10 Stocks. For a quick overview of such stocks, read our article Jim Cramer is Recommending These 5 Stocks.

Jim Cramer said in a latest program on CNBC that “all is not well in corporate America.” Cramer was referring to weak earnings which according to him show that the state of the economy is “sluggish.” Cramer said that we are “hearing” that the Fed might not be done tightening or at least be “reluctant to cut in the spring” because inflation remains sticky. Jim Cramer said that when the Fed began hiking interest rates stocks were punished and when the Fed pivoted near the end of 2023 stocks exploded which included many companies which, according to Cramer, didn’t “deserve” to see their stock prices soar.

Jim Cramer said that latest earnings show the effects of the Fed’s tightening. He said many companies that raised prices are now seeing sales declines, which means they will have to roll back price hikes which would affect their stock prices. Cramer said it’s “disturbing” but it’s part of the business cycle.

“Throw Out the Old Playbook”

In a separate program, Jim Cramer said the Fed’s tightening cycle is peculiar in nature in its effects on stocks. Cramer said homebuilder stocks like Pulte Group, Lennar and Toll Brothers are going higher despite rate hikes while in the past homebuilder stocks always got punished during rate hikes. Cramer said in any “normal” tightening cycle stocks from homebuilding, steel and industrials sectors would get slaughtered but in this cycle many of the stocks from these sectors touched new highs.

Cramer also said the “AI craze should have ended ages ago” but stocks like Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN) and NVIDIA Corp (NASDAQ:NVDA) are still going higher. Cramer said that means AI was not a hype, after all.

Jim Cramer also said people kept complaining about lack of market breadth and the concentration of market gains in a few companies often called the Magnificent Seven group. Cramer said this lack of breadth has not mattered “one bit.”

Cramer said when the market is not sticking to the old playbook anymore, you’ve “got to throw out” the playbook and write a new one.

Methodology

For this article we saw several latest programs of Jim Cramer and picked 10 stocks he’s recommending investors to buy with the highest number of hedge fund investors. Why hedge funds? Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).

10. BioNTech SE – ADR (NASDAQ:BNTX)

Number of Hedge Fund Investors: 19

Jim Cramer recently recommended investors to “hold” BioNTech SE – ADR (NASDAQ:BNTX) stock. Cramer said he does not understand why this stock is so “inexpensive.” Over the past one year BioNTech SE – ADR (NASDAQ:BNTX) stock has lost about 31%.

As of the end of the third quarter of 2023, 19 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in BioNTech SE – ADR (NASDAQ:BNTX). The most significant stakeholder of BioNTech SE – ADR (NASDAQ:BNTX) during this period was Israel Englander’s Millennium Management which owns a $54 million stake in BioNTech SE – ADR (NASDAQ:BNTX).

Artisan Mid Cap Fund made the following comment about BioNTech SE (NASDAQ:BNTX) in its Q3 2023 investor letter:

“Notable trims in the quarter included Zscaler, BioNTech SE (NASDAQ:BNTX) and Ingersoll Rand. BioNTech is a biotech company focused on developing immunotherapies to treat cancer and other serious diseases. Management has been using its COVID-19 vaccine cash flows to reinvest in building a substantial early stage pipeline. The company’s intellectual property in mRNA and COVID-funded manufacturing capacity leave it well positioned to develop new mRNA vaccines and cancer therapies. In addition, the company has non-mRNA technology (e.g., cell therapy assets) and blue-chip partnerships offering additional optionality. While we are optimistic that this pipeline will eventually yield promising medications within oncology and infectious diseases, patience will be required. In the meantime, demand for COVID-19 vaccine boosters continues to wane. Therefore, we decided to trim the position in favor of more compelling near-term opportunities.”

9. Stanley Black & Decker Inc (NYSE:SWK)

Number of Hedge Fund Investors: 19

A caller recently asked Jim Cramer during his program about his thoughts on buying some more Stanley Black & Decker Inc (NYSE:SWK) stock. Cramer said you “should” buy more shares of the industrial tools company. Cramer highlighted the stock’s over 3% dividend yield. Cramer said that if people are buying Home Depot on lows, they should be buying Stanley Black & Decker Inc (NYSE:SWK).

As of the end of the third quarter of 2023, 19 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Stanley Black & Decker Inc (NYSE:SWK).

8. Pan American Silver Corp (NYSE:PAAS)

Number of Hedge Fund Investors: 22

When asked about his thoughts on Pan American Silver Corp (NYSE:PAAS), Jim Cramer said it is the “best one of the silver companies.”

“Holy cow, they crushed it,” said Jim Cramer about the Canada-headquartered mining company.

For 2024, Pan American Silver Corp (NYSE:PAAS) expects its total silver production to be between 21 million to 23 million ounces, while total gold production is expected to be between 880K – 1,000K ounces.

A total of 22 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Pan American Silver Corp (NYSE:PAAS). The most notable stakeholder of Pan American Silver Corp (NYSE:PAAS) during this period was David Greenspan’s Slate Path Capital which owns a $76 million stake in Pan American Silver Corp (NYSE:PAAS).

7. Barrick Gold Corp (NYSE:GOLD)

Number of Hedge Fund Investors: 36

Jim Cramer recently recommended investors to buy gold stocks. Here’s what Jim Cramer said when he was asked whether Barrick Gold Corp (NYSE:GOLD) stock should be bought:

“When rates go up, people sell gold, and that means you should buy gold. Because we buy gold for insurance.”

In December, Barron’s published a list of its favorite stock picks for 2024. Barrick Gold Corp (NYSE:GOLD) made it to the list. Barron’s likes Barrick Gold Corp’s (NYSE:GOLD) plans to increase mine output by 30% by the end of the decade. Barron’s thinks Barrick Gold Corp’s (NYSE:GOLD) CEO Mark Bristow is the industry’s “most effective leader.”

Like GOLD, Jim Cramer also likes Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN) and NVIDIA Corp (NASDAQ:NVDA).

The company in its Q3 earnings call talked about guidance and future plans:

“We are expecting a further improvement in production in the fourth quarter. But as I pointed to the annual production is now expected to be marginally below the low end of the 4.2 million to 4.6 million ounce range. Copper remains on track to achieve its guidance of 420 million to 470 million pounds. As you can see here, the financial results were strong with operating cash flows growing by 35% to more than $1 billion quarter-on-quarter, free cash flow up significantly to $359 million and a 26% increase in adjusted net earnings to $0.24 per share. Barrick’s robust balance sheet secures our capacity to continue investing in our growth projects independent of the market, both new and existing, while we continue to reward our shareholders through dividends.

While growing our business, we have also been driving a new safety culture, including a new set of standards and initiatives to keep improving this important part of our business. We call this the Journey to Zero. Sadly, this key priority was impacted by two fatalities during the quarter, which are deeply disappointing for me and the company. We remain highly motivated to achieve these Zero goals.”

Read the entire earnings call transcript here.

6. Moderna Inc (NASDAQ:MRNA)

Number of Hedge Fund Investors: 37

In a latest program on CNBC, while answering a question about Moderna Inc (NASDAQ:MRNA), Jim Cramer said that Moderna Inc’s (NASDAQ:MRNA) CEO Stéphane Bancel is the “real deal.” Cramer said that he would “back” Moderna Inc (NASDAQ:MRNA) at the current levels.

As of the end of the third quarter of 2023, 37 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Moderna Inc (NASDAQ:MRNA).

Earlier this month, Goldman Sachs published a list of stocks with weak pricing power it believes can outperform. Moderna Inc (NASDAQ:MRNA) made it to the list. In addition to Moderna, Jim Cramer is also bullish on Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN) and NVIDIA Corp (NASDAQ:NVDA).

Moderna during its Q3 earnings call talked about its guidance and future expectations:

For the U.S., we expect 2024 to be at least $2 billion and believe it will grow over time. Lastly, we expect approximately $1 billion from RSV and other international COVID sales. And finally, in 2025, we expect a return to growth. Let me finish by giving you a more fulsome view on 2024 and our thinking on 2025. Starting with 2024, as I just explained, we expect sales to be approximately $4 billion. Cost of sales are expected to be approximately 35% of sales. R&D expenses of approximately $4.5 billion in 2024, would be down 6%. In 2024, the majority of our R&D expenses are for registration trials, which are now mostly committed. I will speak to our view on 2025 R&D expenses in a moment. SG&A expenses of approximately $1.3 billion in 2024 would be down 13%.

We expect taxes to be negligible in 2024 and capital expenditures to be similar to 2023 at $0.9 billion. In summary for 2024, Spikevax will generate nearly $1 billion of income. When we combine that with our estimated investments in R&D and capital expenditures, our cash balance is projected to be approximately $9 billion at the end of 2024. Now for our preliminary thoughts on 2025. As mentioned earlier, sales will return to growth.

Read the entire earnings call transcript here.

Click to continue reading and see the Jim Cramer is Recommending These 5 Stocks.

Suggested Articles:

Disclosure. None. Jim Cramer is Recommending These 10 Stocks was initially published on Insider Monkey.

Headline NYSE:SWK NYSE:PAAS NYSE:GOLD NASDAQ:BNTX Show more...

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on October 30, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

A New Dawn is Coming to U.S. Stocks

Published on November 16, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up