Jim Cramer is Recommending These 10 Stocks in April

Published on April 15, 2024 at 10:42 am by Fahad Saleem in Hedge Funds, News

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

Jim Cramer has been sharing his thoughts about the latest market pullback on his programs on CNBC. Last week, Cramer said that after major wins stocks tend to decline and that’s exactly what happened recently when winners saw sharp declines on April 10 when the market saw a “tough session” for the “winners”. Cramer said that it’s “astonishing” that how some of the “great stocks” got “pummeled” while “sub-par performers” of the last year “finally had their day in the sun.”

Cramer Talks Nvidia VS Intel

Cramer talked about some stocks he liked that recently saw a pullback, including NVIDIA Corp (NASDAQ:NVDA) and Eli Lilly And Co (NYSE:LLY). Cramer said part of the reason why NVIDIA Corp (NASDAQ:NVDA) fell was concerns that the competition for the chip company might be heating up with Intel launching its new chips. Intel has revealed its AI-focused chip called Gaudi 3, and the company claimed it’s faster than Nvidia’s H100 GPU. Cramer said that when he read about Intel’s latest chip, he “gulped” until he read the claims Intel made about Gaudi 2 back in 2022. Cramer said that if he hadn’t been “well versed” with NVIDIA Corp (NASDAQ:NVDA), he would have been “tempted” to sell NVIDIA Corp (NASDAQ:NVDA) shares back in 2022 when the stock was trading at just $175. At that time, Intel made claims that its new chips had twice the training throughput of Nvidia A-100 chips. But, according to Cramer, Intel’s Gaudi 2 chips failed to make any waves. However, Cramer said that it’s possible that Intel’s Gaudi 3 is faster than Nvidia’s chips in some “categories” but by the time this chip reaches market, NVIDIA Corp (NASDAQ:NVDA) would have launched its “much, much faster” Blackwell.

Jim Cramer said that in the Nvidia versus Intel battle, it’s not just about the chips.

“It’s the software, it’s the ecosystem, it’s the platform, it’s the leadership.”

Cramer said Gaudi 3 would likely be “as useless as” Gaudi 2.

Cramer Thinks Nvidia Stock Could Fall in the Coming Days

Jim Cramer, however, said that he’s no longer saying “buy, buy, buy” for NVIDIA Corp (NASDAQ:NVDA) since there’s a chance the stock would fall if Google unveils its own chip. But Cramer said his advice for investors when it comes to Nvidia is to “own it, don’t trade it.”

Jim Cramer’s Thoughts on Elon Musk

In another program, Jim Cramer talked about Tesla Inc (NASDAQ:TSLA) CEO Elon Musk and how the media becomes all the praise for the billionaire when Tesla Inc (NASDAQ:TSLA) shares are going higher. But when the stock nosedives, like it is in 2024 (down 33% so far), news outlets grill Musk and criticize his personality, his handling of Twitter and Tesla cars. Cramer said that he thinks Elon Musk is “brilliant” and calling him an “evil genius” is “unfair.” Cramer also talked about how the media uses Elon Musk’s name to gain more “eyeballs” and “page views.”

Musk is back in the news on April 15 morning after The Wall Street Journal reported the billionaire, in an email to Tesla Inc (NASDAQ:TSLA) employees, announced to cut 10% of the global workforce.

Methodology

For this article, we watched latest programs of Jim Cramer aired in April so far and picked 10 stocks he’s recommending investors to buy and hold.

10. Excelerate Energy Inc (NYSE:EE)

Number of Hedge Fund Investors: 13

Jim Cramer thinks the US government’s pause on LNG expansion until 2028 is not going to hold, which is why he recommended buying Excelerate Energy Inc (NYSE:EE) for the long term. Cramer thinks Excelerate Energy Inc (NYSE:EE) is going to “fly” if the US government reverses its decision to halt LNG projects expansion, which, according to Cramer, is one of the “dumber” things the current administration has done.

Last month, during an earnings call, the company talked about guidance:

“For the full year, we expect adjusted EBITDA to range between $315 million and $335 million. As Steven mentioned, the fixed fee revenues from our FSRUs and terminals create an exceptional foundation for sustainable growth. As part of our financial plan this year, we expect to see an increase in business development expense as compared to last year as we advance on our commercial growth opportunities that Steven referenced earlier. These business development costs, which are estimated about $20 million are included in our guidance range and will be reported within our selling, general and administrative expenses in our income statement. Also included in our full year adjusted EBITDA guidance is the impact of a planned first quarter dry dock for the FSRU summit LNG.

This vessel is our second FSRU that is under a Build-Own-Operate-Transfer or BOOT structure and provide services in Bangladesh. Because this FSRU is under a BOOT structure, the related expenses will not be classified as maintenance CapEx, but instead, the financial impact of the dry dock will be recognized on our income statement in the first quarter of 2024.”

Read the full earnings call transcript here.

9. New Fortress Energy Inc (NASDAQ:NFE)

Number of Hedge Fund Investors: 24

Jim Cramer recently said in a program that US government’s pause on LNG terminal expansion is hurting New Fortress Energy Inc (NASDAQ:NFE). Cramer said he “likes” New Fortress Energy Inc (NASDAQ:NFE). He thinks the pause is “outrageous” and believes LNG is “great for energy security” and for “our allies.”

8. PNC Financial Services Group Inc (NYSE:PNC)

Number of Hedge Fund Investors: 37

Jim Cramer hit “buy, buy, buy” button on PNC Financial Services Group Inc (NYSE:PNC) in a latest program when he was asked about the Pennsylvania-based financial services company. Cramer said he does not understand why the stock is down. Cramer praised PNC Financial Services Group Inc’s (NYSE:PNC) 4% dividend yield and said you should buy some PNC Financial Services Group Inc (NYSE:PNC) shares now and then buy more next week if the stock goes down after earnings. In addition to PNC, Cramer is also talking about Tesla Inc (NASDAQ:TSLA), NVIDIA Corp (NASDAQ:NVDA) and Eli Lilly And Co (NYSE:LLY) during his shows these days.

Artisan Value Fund stated the following regarding The PNC Financial Services Group, Inc. (NYSE:PNC) in its fourth quarter 2023 investor letter:

“Banks were well represented among our top Q4 performers as the Treasury market rally drove big gains in the bank stocks. US Bancorp (USB), The PNC Financial Services Group, Inc. (NYSE:PNC) and Bank of America—the three banks we hold in the portfolio—were each among our top five contributors to return. When bank stocks sold off in Q1 due to fears of contagion following Silicon Valley Bank’s failure, we took advantage of the market dislocation by purchasing top-10 US banks USB and PNC at what were, in our view, cheap prices. USB and PNC are banks we have known for years. They are well managed and well capitalized. As large banks, they were less impacted by the turmoil that affected smaller institutions as depositors sought the safest places to store their money. The recent rebound is an example of how our approach of investing in out-of-favor businesses can lead to alpha. USB and PNC are not immune from industry-wide headwinds from higher deposit costs, pressured net interest margins and fleeing deposits. However, we did not see these banks having a similar level of risk, with respect to uninsured deposits and unrealized losses, which contributed in varying degrees to the collapses of other banks in March 2023. As investors, we cannot avoid risk. However, we are willing to take risk if we are being compensated appropriately.”

7. PACCAR Inc (NASDAQ:PCAR)

Number of Hedge Fund Investors: 38

While giving positive comments about power generation company Cummins in his latest program, Cramer also pitched PACCAR Inc (NASDAQ:PCAR), the Washington-based large commercial trucks company. Earlier this year Cramer had called PACCAR Inc (NASDAQ:PCAR) a “true innovator.”

Like PCAR, Jim Cramer is also talking about Tesla Inc (NASDAQ:TSLA), NVIDIA Corp (NASDAQ:NVDA) and Eli Lilly And Co (NYSE:LLY).

6. Cummins Inc (NYSE:CMI)

Number of Hedge Fund Investors: 39

Jim Cramer was recently asked about power generation and engines company Cummins Inc (NYSE:CMI). Cramer hit the buy button for the stock and said he likes the stock “very much.” The company talked about guidance and future plans during a latest earnings call:

“We project our major global high horsepower markets to remain strong in 2024. Revenues in the global power generation market are expected to increase 5% to 10%, driven by continued increases in the data center and mission-critical markets. Sales of mining engines are expected to be down 5% to up 5%, while the small market for us, demand for oil and gas engines, is expected to decrease by 40% to 50% in 2024, primarily driven by decreased demand in North America. And for aftermarket, we expect a range of flat to an increase of 5% for 2024, as we expect to be largely through inventory management efforts and destocking that happened throughout the industry in the second half of 2023. In Accelera, we expect full-year sales to be $450 million to $500 million, compared to the $354 million in 2023.

We have a growing pipeline of electrolyzer orders, which we expect to deliver over the course of the next 12 months to 18 months, as well as expect continued growth in electrified components. In summary, 2023 was a record year for revenues and operating cash flow, excluding the impacts related to the agreement to resolve U.S. regulatory claims.” [Read the full earnings call transcript here].

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

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

Published on December 13, 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!

This is the #1 Gold Stock for your 2025 watch list

Published on December 16, 2024 at by Insider Monkey Staff

Brace yourself.

There’s no question that thanks to Washington’s disastrous policies – and out-of-control spending – the outlook for the U.S. economy now appears dire.

And with the U.S. national debt now rising by a staggering $1 trillion every 100 days…there are no easy solutions to help get the nation back on track.

While Jay Powell and the Biden-Harris White House sweat out a federal debt that has reached $35.5 trillion – and climbing – many investors have raced to the sidelines with their cash.

But the truly savvy investors laugh while Jay Powell frets, because they understand that this ridiculous spending has also triggered a nearly unprecedented bull market for gold.

Just look at this chart for the yellow metal.

After testing the $2,000/ounce mark in August 2020 and February 2022, gold traded down to near $1,600/ounce in October 2022.

Since then, gold prices have been on an absolute tear and currently sit above $2,600/ounce, a $1,000/oz increase in just two short years.

But the surge in gold prices that we’ve seen over the past few years could pale in comparison to what’s on the horizon. As shocking as it may sound, with no end in sight for the Fed’s money printing, we could see the price of gold increase by many multiples in the years ahead.

With soaring inflation, the dollar stands to lose more and more of its value, which means you’ll need a lot more dollars to buy gold.

According to legendary investor Peter Schiff, today’s seemingly-high gold price of $2,600/oz. “could soar to $26,000/oz. — or even $100,000/oz. There’s no limit because gold isn’t changing — it’s the value of the dollar that’s decreasing.”[i]

Meanwhile, as profitable as gold has been, select gold mining stocks have really kicked into high gear, handing investors even bigger profits.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up