This article presents an overview of Jim Cramer is Recommending These 5 Stocks in April. For a detailed overview of such stocks, read our article, Jim Cramer is Recommending These 10 Stocks in April.
5. Ford Motor Co (NYSE:F)
Number of Hedge Fund Investors: 40
Jim Cramer was recently asked about the Chinese EV company Nio. While he recommended the questioner to sell Nio, he urged him to buy Ford Motor Co (NYSE:F) at $12.75.
“I would say do it, now!”
As of the end of the fourth quarter of 2023, 40 hedge funds tracked by Insider Monkey had stakes in Ford Motor Co (NYSE:F).
4. Palantir Technologies Inc (NYSE:PLTR)
Number of Hedge Fund Investors: 44
Jim Cramer thinks Palantir Technologies Inc (NYSE:PLTR) can go up to $28 from its recent price of $22. He thinks that Palantir Technologies Inc (NYSE:PLTR) has an “unbelievable technology” and that Palantir Technologies Inc (NYSE:PLTR) has been “close” to the government as well. Cramer recommended investors to make a “move” and “buy some” Palantir shares.
Carillon Scout Mid Cap Fund stated the following regarding Palantir Technologies Inc. (NYSE:PLTR) in its fourth quarter 2023 investor letter:
“Second was another technology stock, Palantir Technologies Inc. (NYSE:PLTR), which rallied earlier in the quarter before pulling back. Sentiment remains positive on Palantir as it has successfully rolled out a new marketing effort called “boot camps” where customers can demo the company’s new artificial intelligence platform (AIP) product. These events have been popular with potential clients, and in many cases it has been reported that customers can develop an artificial intelligence use case in just a few hours. The stock rallied as some expected this successful marketing effort could translate into faster revenue growth. Palantir also landed the coveted National Health Services account in the UK, long rumored, but the delay in the award had weighed on investor sentiment.”
3. Abbott Laboratories (NYSE:ABT)
Number of Hedge Fund Investors: 64
Jim Cramer in his latest program praised medical device company Abbott Laboratories (NYSE:ABT). Cramer called Abbott Laboratories (NYSE:ABT) a quality company and recommended investors to buy it.
“If the Fed does overreach as many people think then it’s going to be a right call.”
Cramer also said that Abbott Laboratories (NYSE:ABT) is one of the fastest-growing companies.
Polen Global Growth Strategy stated the following regarding Abbott Laboratories (NYSE:ABT) in its fourth quarter 2023 investor letter:
“Abbott Laboratories (NYSE:ABT), a globally dominant healthcare business serving a broad range of end markets, was another position we added to in the period. The stock has come under pressure in recent quarters as the company has experienced a significant (and expected) decline in sales tied to pandemic-era COVID testing. However, we feel this amounts to little more than a distraction, as the core business continues to perform very well. Nothing has changed around our expectations for long-term growth, yet the stock’s valuation has compressed, making for an attractive opportunity to add to the position given the long-term durable growth profile of this business.”
2. Apple Inc (NASDAQ:AAPL)
Number of Hedge Fund Investors: 131
Jim Cramer said in his latest program that there’s a notion that Apple Inc (NASDAQ:AAPL) is “stuck” in a “no growth” mode. However, Cramer said you need to have “faith” in Apple Inc (NASDAQ:AAPL) as he believes the Tim Cook-led team will “come up with something” because that’s what they do for a “living.”
Orbis Global Equity Strategy stated the following regarding Apple Inc. (NASDAQ:AAPL) in its fourth quarter 2023 investor letter:
“Never before has following the crowd made so much money. Nor, in our estimation, so little sense. But just look at the opportunities the crowd has left for those of us willing to take a different view. We could wax lyrical about the glaring difference in value between Korean banks priced at 4 times earnings, versus Apple Inc. (NASDAQ:AAPL) at 28 times, despite diverging fundamentals—Apple is increasingly at risk of bans in China, while Korean banks could double their dividends.”
1. Nvidia Corp (NASDAQ:NVDA)
Number of Hedge Fund Investors: 173
Jim Cramer recently talked about the latest pullback in Nvidia Corp (NASDAQ:NVDA) shares which believes came after reports that major companies like Amazon and Meta Platforms are working on their own chips to cut their reliance on Nvidia Corp (NASDAQ:NVDA) and get rid of what Cramer called Jensen Huang’s stranglehold on the super GPU industry. “If only they could,” said Cramer about this news. Cramer said that he was already expecting this news since during an interview with him, Huang, who Cramer yet again called a “visionary,” said that he was helping these major companies to develop semiconductor chips.
“What the heck does Jensen and his team need to do to earn your trust,” Cramer said.
Cramer urged investors to have faith in Nvidia Corp (NASDAQ:NVDA) and realize that Jensen Huang isn’t the “con artist.” Instead he said the bears are the con artists.
ClearBridge Small Cap Growth Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its first quarter 2024 investor letter:
“While large cap benchmarks get a lot of attention for a handful of mega cap stocks driving the lion’s share of performance, we would highlight even more extreme and unprecedented concentration in small cap benchmarks. Year to date, one stock, Super Micro Computer has driven 37% of the return of the benchmark, closely followed by MicroStrategy, a unique stock that is largely considered a bitcoin proxy. Together, they accounted for over half of the benchmark’s first quarter return. This compares to NVIDIA Corporation (NASDAQ:NVDA), which accounted for 24% of the return of the S&P 500 Index. The 32 top-performing stocks in the Russell 2000 Growth Index accounted for 100% of its return, versus 81 names driving the S&P 500’s performance this quarter.”
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