In this article, we take a look at some stocks Jim Cramer recently gave bullish comments about. You can read our detailed analysis of Cramer’s outlook of the economy and check out some more stocks he likes by clicking Jim Cramer Likes These 10 Stocks.
5. Switch, Inc. (NYSE:SWCH)
Las Vegas-based Switch Inc (NYSE:SWCH) is operating in the data center market, providing SUPERNAP data centers, telecommunications, cloud services, and content ecosystems. Jim Cramer in a latest program said that Switch is operating in a market that is “red hot.” He told his fans to “take matters into our own hands and buy the stock.”
Cramer thinks that Switch is a very “inexpensive” stock and it’s a “kind of stock that can work.”
19 hedge funds in the database of Insider Monkey had owned stakes in Switch at the end of the fourth quarter of 2021, compared to 17 funds in the previous quarter. Billionaire Paul Singer opened a new position in the company by buying 5.8 million shares of Switch worth $18.7 million.
4. Linde plc (NYSE:LIN)
Jim Cramer categorically called Linde Plc (NYSE:LIN) a Buy in a recent program on CNBC. He said that he was upset on the stock’s underperformance. He said the company had a strong quarter and industrial gases are a “great business.”
“Why the hell the stock is now down so much, I agree with you, I think it’s a buy,” said Cramer.
Linde is also gaining the attention of investors after analysts said that the halting of the Nord Stream 2 pipeline project could benefit the company. Baader Helvea analysts Markus Mayer and Konstantin Wiechert said in a note that the project’s halt would result in higher natural gas prices which would be compensated by higher liquefied natural gas deliveries. The analyst thinks that because the number of LNG terminals is limited, private equity and the government would fund and subsidize the sector, benefitting companies like Linde.
Impax Asset Management Ian Simm owns over 1 million shares of Linde as of the end of the fourth quarter of 2021. Overall, 45 funds in Insider Monkey’s database held long positions in the company at the end of 2021.
3. BHP Group Limited (NYSE:BHP)
Jim Cramer said in a recent program that he likes BHP (NYSE:BHP) “very much” and believes it’s a “good idea” for investment. Cramer especially likes the company’s rather “large” dividend. Earlier this month, the company posted strong numbers according to which its first half of the year profit jumped to $9.44 billion, compared with $3.88 billion in the year-earlier period.
BHP also announced a record interim dividend of $1.50 per share, up from $1.01 a year earlier.
A total of 21 funds out of 924 reported owning stakes in BHP at the end of the fourth quarter, according to Insider Monkey’s database.
2. AbbVie Inc. (NYSE:ABBV)
Earlier this month, Jim Cramer said that AbbVie (NYSE:ABBV) is “still cheap” and he recommended his viewers to stay long Abbvie. Cramer said that his investing club has a “large” position in the company. Cramer also likes that company’s dividend.
AbbVie is a dividend aristocrat with over 25 years of dividend growth. In the fourth quarter, AbbVie’s revenue jumped 7% on a year-over-year basis to reach $14.9 billion. In 2022, the company expects adjusted EPS to come in at $14.00 to $14.20.
AbbVie is also a very popular stock among elite hedge funds. 82 hedge funds in our database entered 2022 with AbbVie in their portfolios. The total worth of stakes owned by these funds in the biotech company is $3.7 billion.
1. Southern Copper Corporation (NYSE:SCCO)
With a dividend yield of over 5.8%, Southern Copper (NYSE:SCCO) is one of the notable copper stocks to own. Jim Cramer said in a program recently that he thinks Southern Copper stock “should be higher, not lower”. He also likes the company’s dividend yield. Cramer said that copper is a “great barometer of what’s happening” in the US as the country is using more copper “than ever.”
At the end of the fourth quarter, 19 funds tracked by Insider Monkey had owned positions in Southern Copper.
You can also take a look at Warren Buffett’s Performance in 2021: 10 Best Stock Picks and 10 ESG Dividend Stocks to Buy.
