We recently published a list of Jim Cramer Says Tech Might Be “Favored” & Discusses 13 Stocks. In this article, we are going to take a look at where Wynn Resorts, Limited (NASDAQ:WYNN) stands against other stocks that Jim Cramer discusses.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed Vice President JD Vance’s remarks during a leaked national security chat which saw top Trump administration officials discuss airstrikes on Yemen. While Cramer admitted that the conversation really didn’t fall within his show’s purview, he appreciated the position that Vance took with regard to oil prices. “But JD Vance came out for lower oil prices,” said Cramer. “And I thought that was significant. Obviously, had a very good point of view and a clear point. And he said we didn’t want oil prices to spike off this,” he added.
Cramer also shared that he believes that the Trump “administration is committed to lower oil prices because they want less inflation.” Further commenting on Vance’s remarks, he outlined: “And I felt that was really a very smart question. Will it drive up oil? Some should have asked it. Some did ask it. And I thought it was wise.”
The conversation then shifted to the Trump administration’s fresh round of actions against Venezuela. The President announced earlier this week that any country buying oil from Venezuela would face 25% tariffs. According to him “Well Venezuela is a criminal enterprise country. And I hope that they, I know that there are oil countries that deal with Venezuela. But, Venezuela needs to be cut off.”
The recent gloom surrounding technology companies hasn’t affected Cramer. “[T]he technology industry may be more favored than we realize,” he believes. “It may be a little more selective if you’re hiring a lot of people in this country. I think that you’re gonna get a big break in taxes. In tariffs. That matters,” he added.
As for the President and the stock market, the CNBC TV show host believes that if you’re positive about Trump, then you’re a stock market bull. According to Cramer: “The bulls, to quote the President, I think have the cards.”
He added further:
“I think that there’s going to be a little more common sense, I also think that the President, when the correction, when we hit down the minus ten on that Thursday, I think the President will say maybe I ought to pay a little more attention to this. And he has. And I think that you get a company, let’s say [Michael Dell’s computer hardware company]. They have to have a, they import a lot of stuff. I question whether they’ll have to have a tariff. They’re a great American company.”
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 25th.
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).
Aerial view of a luxury hotel tower surrounded by lush green landscaping.
Wynn Resorts, Limited (NASDAQ:WYNN)
Number of Hedge Fund Holders In Q4 2024: 64
Wynn Resorts, Limited (NASDAQ:WYNN) is a hospitality and casino company that is one of Cramer’s top stocks in the sector. He has been appreciative of the firm’s CEO Craig Billings in his previous comments and has also asked viewers to keep the firm’s China exposure in mind before making an investment decision. Here are his latest comments about Wynn Resorts, Limited (NASDAQ:WYNN):
“Notice, look at this, WYNN is up 3.7. Look I gotta tell you, you want impressive, go to this guy. . .Craig Billings. . .I think he’s one of the most impressive CEOs. He’s from Goldman, he’s a genius.”
Overall, WYNN ranks 3rd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of WYNN 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 WYNN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.