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, the day after President Trump unveiled his tariffs to reset America’s trade policies, Jim Cramer shared what will follow the tariffs. According to Cramer, the tariffs are just the first piece of the President’s economic strategy. He commented:
“I think that next is the tax cut that we get because there will be a lot of revenue because as David said they can’t move. No, look, when the mills come back, they’re made up of robots. That’s just the way it is.”
As to what consumers should do before the tariffs hit, Cramer believes that “You buy an iPhone. Yes. And you buy a car,” as these products are likely to see the steepest price increases once the rules make their way into supply chains.
The CNBC host also commented on what might happen to the auto industry as tariffs potentially raise prices and affect demand. According to Cramer:
“Well Q2 it depends on where we are in terms of the drop off. But autos, you know, you gotta buy a car now. I mean, it’s a great time to buy a car. Used car prices will spike.”
He also shared his thoughts on whether Deutsche was right about the tariff rollout and calculations presenting a larger risk about decision-making in the Trump administration “Well no, it’s just they don’t want you to, they want you to come back here as they just made it so that wherever you go, it’s bad,” said Cramer.
As to whether the tariffs are a negotiating strategy employed by the President to secure favorable trading terms, Cramer doesn’t believe so. “There’s no negotiations. You just, this is it. . . it’s not a negotiation,” he believes.
According to Cramer, firms that shifted manufacturing to Vietnam, he pointed out that businesses that shifted supply chains were proven wrong. “And I gotta tell you, that’s turned out to be the one that people thought if we go to Vietnam we’re safe. And it was just dead wrong,” he said.
Cramer also commented on whether Chinese companies putting factories in Mexico might let them evade tariffs. As he believes that the new rules are quite airtight, this won’t be the case according to him:
“No, they’re getting away with it right now. I don’t think they’re gonna get away with. Mexican parts is a really big flashpoint for the American companies and they don’t know the answer. Even the top people don’t know the answer about the Mexican parts. And how it’s gonna play out.”
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).
10. Target Corporation (NYSE:TGT)
Number of Hedge Fund Holders In Q4 2024: 56
Target Corporation (NYSE:TGT), a discount retailer, struggled in 2024 as its customers preferred larger rivals such as Walmart and Costco. Year-to-date, the shares are down by 30% as weak earnings and overall bearishness for retailers have dampened investor sentiment. During Thursday’s selloff, Target Corporation (NYSE:TGT)’s shares dipped by 10.9% as investors shunned stocks with retail and China exposure. Commenting on the selloff, Cramer shared:
“Target has 11 brands, billion dollars, a lot of them, they are sourced all overseas. Not a winner. No pricing power.” But then we have to come back and say maybe Target should stay down but Costco should go up. So there’s like a secondary look at things.”
9. Dell Technologies (NYSE:DELL)
Number of Hedge Fund Holders In Q4 2024: 63
Dell Technologies (NYSE:DELL) is a computer hardware company that is a frequent part of Cramer’s morning show. Before the selloff, he had focused primarily on the firm’s CEO Michael Dell and his mega AI plans. However, as the tariffs approached, Cramer continued to share that Dell Technologies (NYSE:DELL) was heavily exposed to any inflationary pressures. The firm’s shares dipped by 19% as investors shunned the shares due to China exposure. Here is what Cramer said as the shares dipped:
“I think that Dell thought that they were going to have, they had very positive meetings. . . some of these companies had very positive meetings with the President.”
“I’m just saying that money’s going to gravitate from places that had been like Dell . . .”
8. Toll Brothers, Inc. (NYSE:TOL)
Number of Hedge Fund Holders In Q4 2024: 64
Real estate firm Toll Brothers, Inc. (NYSE:TOL) is another frequent appearance on Cramer’s morning show. Despite weakness in the stock, which has seen the shares drop by 17% year-to-date, Cramer has taken somewhat of a contrarian approach. He believes that housing demand in the US stands to create additional demand for Toll Brothers, Inc. (NYSE:TOL)’s products. Here are his latest thoughts:
“I mean, do you buy the homebuilders. They do well, rates are coming down. Mortgage rates are coming down pretty severely. How about buying Lennar? It’s all the way down. It’s levered to mortgage rates. . .so maybe you buy Lennar, maybe you buy Toll Brothers.”
“I’m just saying that money’s going to gravitate from places that had been like Dell . . .and it might go to Lennar. It might go to Toll Brothers. Because rates are coming down. And they’re coming down really hard, really fast. We should recognize that. The rates are really braking. And then you buy safety.”
7. McDonald’s Corporation (NYSE:MCD)
Number of Hedge Fund Holders In Q4 2024: 67
McDonald’s Corporation (NYSE:MCD) is one of the biggest fast-food chains in the world. It’s somewhat of a defensive play as while demand is influenced by inflation, the business remains resilient due to its end market. As markets bled more than a trillion dollars during Thursday’s selloff, McDonald’s Corporation (NYSE:MCD)’s shares jumped by 2% as investors fled to safety. Commenting on the share price movement, here is what Cramer said:
“We should recognize that. The rates are really braking. And then you buy safety. Buy a McDonald’s.”
“But you know you just gotta look at companies whose brand names are good, McDonald’s, it’s viewed as a safety. And it’ll work.”
6. General Motors Company (NYSE:GM)
Number of Hedge Fund Holders In Q4 2024: 68
General Motors Company (NYSE:GM) is a major American car manufacturer whose been the subject of Cramer’s morning show due to its supply chain. The host has warned viewers about the firm’s Mexico exposure and added that it might prove to be futile to buy the stock. This time around, he linked General Motors Company (NYSE:GM)’s car inventory with the Fed’s interest rate decisions and a potential drop in consumer sentiment stemming from tariff-led higher input costs:
“Powell’s smarter than people realize. Powell has the same data I have from Ford and GM. He know that once they’re through the inventory and they have to raise the price, then no one’s going to buy! Because they would have already pulled through. And they won’t have the money. So you have to cut. It’s a natural cut.”
5. Lennar Corporation (NYSE:LEN)
Number of Hedge Fund Holders In Q4 2024: 70
Lennar Corporation (NYSE:LEN) is a homebuilding company whose shares are down by 8.6% year-to-date. The stock has struggled as the firm has warned about weak housing demand amidst high interest rates. Cramer has discussed the shares in detail in his previous appearances. He has pointed out that dropping home prices is not the “end of the world” for Lennar Corporation (NYSE:LEN) but added that the shares could drop further if the Fed continues to hold interest rates. Here are his latest thoughts:
“I mean, do you buy the homebuilders. They do well, rates are coming down. Mortgage rates are coming down pretty severely. How about buying Lennar? It’s all the way down. It’s levered to mortgage rates. . .so maybe you buy Lennar, maybe you buy Toll Brothers.”
“I’m just saying that money’s going to gravitate from places that had been like Dell . . .and it might go to Lennar. It might go to Toll Brothers. Because rates are coming down. And they’re coming down really hard, really fast. We should recognize that. The rates are really braking.”
4. NIKE, Inc. (NYSE:NKE)
Number of Hedge Fund Holders In Q4 2024: 73
NIKE, Inc. (NYSE:NKE) was one of the worst-hit stocks during Thursday’s selloff. Its shares sank by 14% during trading primarily on the back of the firm’s China exposure. NIKE, Inc. (NYSE:NKE) has struggled due to non-tariff-related headwinds as well, as the firm is currently on a turnaround effort led by its new CEO. In his previous remarks, Cramer commented that NIKE, Inc. (NYSE:NKE) needs to underline how it aims to take on rivals to regain market share:
“I see Nike go down a lot. And I just want people to know that there’s really, this is another one you can run but you can’t hide on 90% Vietnam. And Vietnam is again, when people say, as Flexport said. . .that’s the bomb. People move to Vietnam and that’s the bomb. I know that Deckers is hurt. . .”
3. The TJX Companies, Inc. (NYSE:TJX)
Number of Hedge Fund Holders In Q4 2024: 74
The TJX Companies, Inc. (NYSE:TJX) is an off-price retailer whose shares are up by a modest 1.3% year-to-date. The stock has suffered in 2025 primarily due to weakening investor sentiment about consumer health driven by high inflation and recessionary concerns. In his previous comments, Cramer pointed out that a lot of The TJX Companies, Inc. (NYSE:TJX)’s share price movements and financial performance depend on inventory management. As investors underwent a bloodbath on Thursday, here’s what he said:
“But let me give an example about what I say the market’s wrong. You gotta be careful. TJX is the principal beneficiary. Because everyone’s gonna take in a lot of inventory because they’re trying to get in fast. And then they won’t be able to sell everything so they’ll give it to TJX. That is what I call a winner. Okay.”
2. McKesson Corporation (NYSE:MCK)
Number of Hedge Fund Holders In Q4 2024: 78
McKesson Corporation (NYSE:MCK) is one of the biggest healthcare benefits management firms in America. Most of Cramer’s previous comments about the firm came during the tail-end of 2024 when the markets were quite ‘benign’ compared to 2025’s devastation. Back then, he discussed the stock in relation to rising consumer sentiment against healthcare benefit managers and wondered if McKesson Corporation (NYSE:MCK)’s scale would help it withstand government action. Here are his latest thoughts:
“Can I give you the number one stock today? That’s not up enough yet? But people could go buy? McKesson. Because they actually got, the two Democrats on the FTC against them, I don’t know if they’ve been seen lately. . .McKesson is the big winner. They’re not gonna have any investigation. They can jack the prices up all they want.” “McKesson’s an amazing company. Nobody likes them except for their shareholders.”
1. The Procter & Gamble Company (NYSE:PG)
Number of Hedge Fund Holders In Q4 2024: 79
The Procter & Gamble Company (NYSE:PG) is one of the biggest consumer goods companies in the world. It’s one of the few stocks that Cramer recommended amidst Thursday’s bloodbath. According to him, The Procter & Gamble Company (NYSE:PG)’s ability to set prices and the defensive nature of its business are important in today’s context. Here are his full comments about the consumer goods company:
“There’s always money to go somewhere. I think the money’s going to heavily to the American Electric Powers, the Entergys, the utilities, to the companies that have pricing power like Proctor, JNJ. And will flee the areas where it’s so hard for companies to get out of areas.”
“The money funnels to a dozen stocks. It goes to McKesson, it goes to AT&T. David, it goes to Kimberly, it goes to Procter.”
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