We recently published a list of Jim Cramer Discusses These 7 Stocks & Is Sick And Tired Of Negativity. In this article, we are going to take a look at where JPMorgan Chase & Co. (NYSE:JPM) stands against other stocks that Jim Cramer discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer shared why he believes that President Trump’s tariffs are generating negativity in the media and markets. Citing Michael Dell’s computer hardware company, he shared that if “you’re going to buy some equipment” from the firm, it would have to “import some things.” Tariffs introduce confusion in product prices, Cramer shared. “Is it 25%? Is something if it’s a 100 dollars, 125? People want certainty. We don’t have certainty yet. Maybe April 2nd, the day of April Fool’s Day we’ll have a better feel for everything,” he added.
As investors worry about the economy and enter into a risk-off mode, one casualty of the pessimism has been Bitcoin. Year-to-date, the world’s premier cryptocurrency is down by 10.5% year-to-date. Commenting on the fall, Cramer stated “Bitcoin has kind of lost its luster, so to speak. Ha ha. People are thinking that Bitcoin may not be as great a store of value as gold is.”
“David the gloom is so palpable, I hate being so happy out here,” He added. “David, I’m tired. I’m tired of the negativity. Can we stop it? Let’s be more upbeat,” Cramer said.
One key theme of the show was negativity and its effect on markets. At the opening bell ring, America’s largest bank in terms of assets launched a new inverse futures ETF. As futures dropped due to the negativity, Cramer remarked: “Boy do we need that. Talk about something we need right now.”
Keeping up with the theme, Cramer lamented “that everyone is so gloomy, you can cut it with a hammer, don’t need a knife. Hey can I get a putting knife to cut the gloom please?”
The CNBC TV show host also remarked on Wall Street’s top AI GPU stock being up 30% over the past year despite its disappointing year-to-date performance:
“Well you know why? Because he’s talking quantum today and that’s another ridiculous thing that everybody’s excited about that’s not gonna be good for three to five years. Except for nuclear. That’s the one that people are starting to talk about. Long after you and I are pushing up daisies, nuclear’s still gonna be in its infant stage.”
As to whether he’s uncertain about America’s future, here’s what Cramer said:
“I’m not so bearish on America like everybody else. Look I know that the Fed governors are offline. They’re worried, they’re worried, they’re worried. Okay. Look, we’re gonna have tariffs. And then we’re gonna get over the tariffs. And then we’re gonna do fine. So you can sell now and I hope you can get back in. Good luck.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on March 20th.
For these stocks, we also mentioned the number of hedge fund investors. 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Holders In Q4 2024: 123
JPMorgan Chase & Co. (NYSE:JPM) is the world’s largest private bank in terms of assets. Its shares are up by 20% over the past year and are flat year-to-date. March has been a particularly tough month for the bank as its shares have lost 10% so far. JPMorgan Chase & Co. (NYSE:JPM)’s stock has fallen along with its peers due to recessionary worries plaguing investors’ minds. Banks typically do not perform well in a recession as the demand for their loans drops and the chance of borrowers defaulting increases. Here’s what Cramer said about JPMorgan Chase & Co. (NYSE:JPM):
“By the way, this very morning David, Mike Mayo, a showman from Wells Fargo, calls JPMorgan, the NVIDIA of banking! So this is the piece which bridges me from where we were yesterday.”
Overall, JPM ranks 5th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of JPM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JPM 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.