In this piece, we will look at the stocks Jim Cramer recently discussed.
In his appearance on CNBC’s Squawk on the Street on Thursday, Jim Cramer commented on small-cap stocks, Mexican stocks, homebuilder stocks, and sectors that the money moving out of tariff-exposed stocks might flow into. Commenting on the fact that Mexican stocks thrived while US stocks sank, Cramer linked the country’s decision to work with President Trump as being behind the strong performance. “I know well look I, they turned out to be not bad,” he said. “You paid the piper and you bring the stuff in. The piper’s not as bad as you thought. And it’s really good,” Cramer added.
Shifting to the small-cap stocks, Cramer explained why the Russel index had entered a bear market. The index lost 10.7% on Thursday and Friday, and according to Cramer, the downward movement is due to multiples shrinking. He shared:
“This is a multiple shrinking. We’re going to go to 16 times 26′ numbers. That’s how you have to figure it out. You just take look at those. And that’s where we’re gonna go.”
The CNBC host didn’t hold back when it came to either clarity or calling the tariffs ‘reciprocal.’ He reiterated that the markets were reducing valuation multiples as tariffs can impact corporate earnings. According to him:
“. . we won’t get clarity. Like everyone was thinking about that so called clearing event. That was nothing. Reciprocal as we said we threw out immediately. I just think that you’re downsized. And you ought to keep some capital so that when we get there, because we can get there. I’m not saying the end of the world, but I am saying, yeah, we’re going back to a very low multiple.”
He added: “I came on the Today Show, in 2007 and I said if you needed money anytime in the next five years, you should sell. And it was a great call.”
As for homebuilder stocks, Cramer pointed out that “rates are coming down. Mortgage rates are coming down pretty severely,” and wondered if this means that it’s time to buy. “I mean, do you buy the homebuilders,” he wondered.
Elaborating further on capital flows during the selloff, he outlined:
“I’m just saying that money’s going to gravitate from places that had been like [Michael Dell’s company] . . .and it might go to [homebuilding stocks]. Because rates are coming down. And they’re coming down really hard, really fast. We should recognize that. The rates are really braking[sic].”
“But you know you just gotta look at companies whose brand names are good,” Cramer added. “And it’ll work. It’s just that there are very few stocks that will work versus where they were a week ago. But there’s stuff that’ll work,” he outlined.
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 April 3rd.
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).
8. Philip Morris International Inc. (NYSE:PM)
Number of Hedge Fund Holders In Q4 2024: 102
Philip Morris International Inc. (NYSE:PM) is one of the biggest tobacco companies in the world. While most stocks fell during Thursday and Friday’s tariff bloodbath, the firm’s shares actually gained 1.8% on Thursday as investors fled to safety. However, fears of reciprocal measures on American countries led the stock to sink by 7% to drag it down 1% year-to-date. During the show, Cramer pointed viewers towards stocks that have strong pricing power. Among these, Philip Morris International Inc. (NYSE:PM) caught his eye:
“Oh my god Phillip Morris has the best pricing power. I mean what do you have to do? I mean, but they actually don’t kill as many people as they used to. They have other things, they have other product lines.”
7. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders In Q4 2024: 110
ServiceNow, Inc. (NYSE:NOW) is an enterprise software company that provides business process management software products. Its shares are down 31% year-to-date primarily due to weak 2025 growth targets unveiled in January and the selloff on Thursday and Friday. The dip during April was unsurprising as ServiceNow, Inc. (NYSE:NOW)’s business depends to a large extent on business spending and performance – both of which can be affected by tariffs. Cramer wondered what’s in store for the firm:
“Another area that is a battleground will be, enterprise software. Because it’s not made, it’s not taxed. It’s not got tariffed. But will there be elongated cycles as businesses say wait a second I can’t spend. So that’s an area that I’m really working on today. Which is, is ServiceNow helped or hurt?”
6. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders In Q4 2024: 166
Apple Inc. (NASDAQ:AAPL)’s shares were hit quite hard during the post-tariff selloff. The stock dipped by 15.9% on Thursday and Friday due to the firm’s China exposure and the potential to be hit by retaliatory measures. China is one of Apple Inc. (NASDAQ:AAPL)’s largest smartphone markets, and investors were worried whether the firm could face action from the Chinese government. In his previous remarks, Cramer speculated that Apple Inc. (NASDAQ:AAPL) might secure a tariff exemption. Here are his latest thoughts:
“Does Apple have power? Can Apple go to Verizon and ATT and say listen you still want our phones to open accounts? I don’t know. I mean look ATT’s up today. All domestic.
“[On 54% China tariffs affecting the iPhone’s price] It’s bad. Look I’m not gonna tell you it’s good. It’s bad.
“If T-Mobile says listen this is our chance to get share from Verizon [by selling the iPhone]. . . it’ll be a joint hit [on T-Mobile and Verizon].”
5. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Number of Hedge Fund Holders In Q4 2024: 186
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest contract chip manufacturer. It enjoys a wide moat in its industry primarily due to leading-edge manufacturing technologies and a sizable customer base. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s shares fell by 13.8% on Thursday and Friday as investors wondered whether the second and third-order effects of tariffs raising consumer electronics prices would impact the firm. Cramer commented on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s US manufacturing plans and partnership with NVIDIA:
“I mean one of the reasons why NVIDIA got the exemption is they’re part of the Taiwan Semi build. Which is the biggest build in the world. And it’s here. And so they got, they kind of, the President’s saying hey listen, do it, do what NVIDIA did. And we’ll give you an exemption. But commit right now. And NVIDIA did it.”
4. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q4 2024: 186
NVIDIA Corporation (NASDAQ:NVDA)’s shares have been among the worst performers in 2025. The stock is down by 31.8% year-to-date as it lost another 14.6% during Thursday and Friday’s selloff. Investors aren’t convinced that the firm’s GPU demand might materialize, and for his part, Cramer has blamed NVIDIA Corporation (NASDAQ:NVDA)’s fate on zero-day options. He continues to believe that the firm is a key player when it comes to technologies such as AI and robotics. Here’s what he said as NVIDIA Corporation (NASDAQ:NVDA)’s shares were falling:
“Okay so Jensen got away. . . NVIDIA got the exemptions. NVIDIA got exempted because they’re making chips in Arizona. That’s they’re plan. And because the President said they’re too important for AI. So you can knock NVIDIA down all you want, but NVIDIA, they did not, the Taiwan tax does not apply to them. People should know that.”
3. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders In Q4 2024: 262
Meta Platforms, Inc. (NASDAQ:META) is the largest social media company in the world. Its stock depends to a large extent on economic performance as the firm depends on advertising for its revenue. Consequently, the fact that Meta Platforms, Inc. (NASDAQ:META)’s stock dipped by 13.6% during the Thursday-Friday tariff selloff was unsurprising. However, Cramer said on Thursday that he preferred the stock:
“I think that’s a buy right there. I would buy Meta.
“I wanna buy Meta because Meta’s a unique property.”
2. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders In Q4 2024: 317
Microsoft Corporation (NASDAQ:MSFT) is the largest software company in the world. The second half of 2024 wasn’t kind to the firm as it bled billions of dollars in market value and eventually lost the title of the world’s most valuable company to Apple. However, despite the bloodbath in April due to President Trump’s tariffs, Microsoft Corporation (NASDAQ:MSFT)’s stock has remained resilient compared to Apple’s. During Thursday and Friday, the shares lost 5.8% of their value while Apple bled 15.8%. Microsoft Corporation (NASDAQ:MSFT)’s software business isn’t dependent on imports, with investors primarily judging the shares on the firm’s ability to generate AI returns. Here’s what Cramer said about the stock:
“[On Microsoft pulling back on data centers] Yeah I mean look. Please do some work reporting. Please do some work. Microsoft is at odds with ChatGPT, which is OpenAI. And they are shipping a lot of the, of the actual data centers being made by OpenAI. It’s not, not. being done by Microsoft. And I know this because I checked it on the chips every day. . . Whatever CoreWeave has, everyone’s bidding for. CoreWeave had a big stash of them, but it’s not because of Microsoft. Everything’s being built by OpenAI and I wish people would stop with that story about Microsoft pulling back. Because it’s not right.”
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders In Q4 2024: 339
Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest eCommerce retailer and a key target of the tariff-induced market selloff. Investors drove the shares down by 12.8% during the selloff as economic worries and import disruptions to the retail sector cratered their sentiment for the firm. However, Cramer maintained that Amazon.com, Inc. (NASDAQ:AMZN)’s business model provides it with plenty of pricing power, which is a key factor for firms to handle demand destruction. Here are his full comments:
“A lot of mistaken trading. Right now. People are making it bad. That is like that Amazon’s really hurt by this. Because of world trade. I mean Amazon has pricing power. You want to figure out who has pricing power, they are winners. And I don’t know, does Nike have pricing power? I don’t even know anymore. Does ONON have pricing power?” “Maybe Amazon, like NVIDIA, are things where people are making unwise moves. . .Amazon has pricing power. . . that’s the tradeoff, that I wanna look at pricing power and I wanna buy Amazon.”
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