Jim Cramer Looked Closely At These 10 Stocks

5. Elanco Animal Health Incorporated (NYSE:ELAN)

Number of Hedge Fund Holders: 42

Cramer mentioned that Elanco Animal Health Incorporated (NYSE:ELAN) is not his favorite as he commented:

“Not my favorite. I do think that the pet… Look, I like Chewy. I know that’s a pedestrian way to look at things, but I think that Chewy is the better bet for this group.”

Elanco (NYSE:ELAN) develops and markets a variety of products for both pets and farm animals, including disease prevention, therapeutics, vaccines, and nutritional health solutions under several well-known brands for conditions affecting pets, poultry, aquaculture, ruminants, and swine. In June 2024, Cramer talked about the top pet stocks and mentioned ELAN among them.

“In a tougher market, we need secular trends that can triumph in any economy, which is why I am circling, indeed, back, after absence for a long time, to the pet trade. Chewy and Elanco are already on fire, but if you want a less direct pet food play, I’m feeling darn right optimistic about J.M. Smucker.”

Cramer then noted that Elanco (NYSE:ELAN) is a spin-off of pharmaceutical giant Eli Lilly and has several promising treatments in development. Since his comment in 2024, ELAN stock has declined more than 32% while CHWY has gained over 29%.