Jim Cramer Says Do Not Buy These 5 Stocks

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1. EQT Corp (NYSE:EQT)

Number of Hedge Fund Investors: 40

Jim Cramer recently recommended investors not to buy energy company EQT Corp (NYSE:EQT) shares. Cramer said in an answer to a question about EQT Corp (NYSE:EQT):

“I’m not going to go there…I am a Coterra man through and through.”

A total of 40 hedge funds in Insider Monkey’s database had stakes in EQT Corp (NYSE:EQT) as of the end of 2023.

ClearBridge Mid Cap Growth Strategy made the following comment about EQT Corporation (NYSE:EQT) in its Q2 2023 investor letter:

“The energy sector was another positive contributor, primarily driven by our investment in EQT Corporation (NYSE:EQT). As North America’s leading natural gas provider, EQT had seen its share price slide as the lackluster reopening of China and a milder-than-expected winter in the northern hemisphere weighed on natural gas prices. However, as recessionary fears have given way to optimism and the prospect for greater energy demand, EQT’s share price has rebounded. While we continue to expect volatility in commodities prices, we believe that global energy demand, especially in Europe, along with the company’s leadership position in the natural gas market, make it a strong long-term compounder for the portfolio.”

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the Jim Cramer’s 11 Latest Stock Picks and the Jim Cramer Says You Should Stay Away from These 10 Stocks.

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