We recently compiled a list of the Jim Cramer Is Focused on These 15 Stocks This Week. In this article, we are going to take a look at where Intuit Inc. (NASDAQ:INTU) stands against the other stocks Jim Cramer is focused on this week.
Jim Cramer, the host of Mad Money, recently addressed some of the major events for Wall Street this week, focusing on earnings reports and investor days of various companies. With post-election jitters affecting the market, he warned investors to proceed with caution, as uncertainty looms over the economic landscape.
Cramer referred to Trump’s unpredictable nature, saying, “He is mercurial. Turns out he’s capricious.” Reflecting on the mood among investors, Cramer remarked that many were asking themselves, “What were we thinking?” as they processed the aftermath of the election.
He also noted the unsettling impact of Trump’s appointments to key administration positions, saying that “heads are turning” in response to some of these picks, and suggested that investors might soon feel the air leaving the post-election optimism that had initially lifted the market.
Cramer went on to caution that while there are certainly opportunities in individual stocks, especially in the wake of Trump’s policies, many stocks are still trading at levels far above where they were just a few months ago. He explained:
“Look, I’ve told you that there are many pitfalls with individual stocks when it comes to Trump 2.0. Most of them are buying opportunities but with stocks still up so much from a few months ago, you can’t be too eager to buy the dips.”
READ ALSO Jim Cramer on Microsoft and Other Stocks and Jim Cramer’s Best Performers List: Top 10 Stocks
Despite new stocks sparking interest, Cramer emphasized that he needed more time to assess market conditions before making any significant moves. He expressed a preference for waiting, stating that he doesn’t like to buy stocks only to watch them decline immediately after, a scenario he feels is likely if he rushes in too soon.
Cramer concluded by summarizing his outlook on the market, saying:
“So let me give you the bottom line: Even though the post-Trump rally hangover has been vicious, it still hasn’t taken most of the market down to levels where I think it makes sense to buy. Now, I just gave you some nuggets. I think they could be golden, but I think it’s more important to prepare yourself for better opportunities, at least in the near future.”
Our Methodology
For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episode of Mad Money on November 15 and listed the stocks in the order that Cramer mentioned them.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A professional tax preparer, using a laptop to complete an income tax return.
Intuit Inc. (NASDAQ:INTU)
Intuit Inc. (NASDAQ:INTU) is one of Cramer’s favorites but he said that like many other stocks, it is one that he cannot get excited about at this point as it is too high.
“One of my absolute favorite enterprise software companies reports after the close. That’s Intuit, the small business person’s best accounting friend as well as the company behind TurboTax. Now, this is one of the best software companies that can save you a fortune if you’re a young entrepreneur who otherwise would spend a fortune on accountants. But, and this a big but, Intuit was at $610 at the beginning of the month, then it went to $714 and now it’s at $683. How can I pull the trigger on a stock that’s so close to its high yet so far from where it was just a month ago? So many stocks are like this and I just can’t get excited about ’em until they cool off. I’m willing to say no to the opportunity ’cause I don’t wanna get hurt. We wanna take the temperature of the market and the best way to do that is to listen to the stock.”
Intuit (NASDAQ:INTU) offers a wide range of financial, compliance, and marketing products and services, including business management tools, tax preparation services, personal finance platforms, and marketing automation solutions. For the full fiscal year 2025, the company has outlined an optimistic growth outlook, expecting revenue to range between $18.160 billion and $18.347 billion, reflecting a growth of approximately 12% to 13%.
In line with this, the company anticipates non-GAAP operating income to be between $7.241 billion and $7.316 billion, marking an increase of about 13% to 14%. Non-GAAP diluted earnings per share are projected to fall between $19.16 and $19.36, also reflecting growth of around 13% to 14%.
Overall INTU ranks 13th on our list of stocks Jim Cramer is focused on this week. While we acknowledge the potential of INTU as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than INTU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
