In this piece, we will look at the stocks Jim Cramer recently discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer commented on the increasing bearishness in the stock market. His co-host Carl Quintanilla asked Cramer about Cramer’s observations about the ratio of price target cuts versus raises. In response, Cramer replied:
“Jeez, I got stuck there. I had a gold company where the price target was raised. And really, not much else. I had fifty price targets that were cut and then I stopped counting. In part because I didn’t wanna come here and be a real downer. I mean I’ve been struggling with that all morning. I was looking for something positive to say. Jason Gerwirtz, you know, our guru here, was saying, ‘Jim, I mean, what do you do with your cash?,’ and I just wanna. . .because it’s important to tell people what we do. I contribute every month, the last day, and I’ve been doing this everyday, S&P fund, can’t own stocks. . . And today, David, I said I wanna wait.”
Cramer also shared an interesting trading strategy from his personal life. He revealed that at the end of every month, he contributes to an S&P fund as he can’t directly buy stocks. However, when asked why he thought to wait this time around, Cramer replied: “Because I can’t think of a dumber day to buy. Okay, sorry. . .I debated ending the show there, but I think there’s a better day to buy. It’s not just yet.”
However, while Cramer has stopped buying for himself as of the date the show aired, he did share strategies about when to buy. According to the CNBC TV host, recalling previous tumultuous market environments might be helpful. He shared:
“Okay, so, you have to decide when you use analogues, do you do 2018? Do you do 2022? Those were situations where the Fed had to act because there was, you know they created, a bad moment. And we a President that’s creating a bad moment.”
Elaborating further, Cramer discussed in detail the Federal Reserve’s interest rate hike cycle of 2022 when the central bank shocked markets with successive 75 basis points interest rate hikes. He outlined:
“Okay so let’s go back in history. I mean therefore, let’s say you have the Federal Reserve saying in 2022, we gotta raise rates. And we have to do it rapidly. And do you sit there and just say you know what, I’m going to be punished and take my pain. Or you say, listen, I’m gonna dodge it. Maybe I’ll sell a little. . .maybe we’re in one of those moments, it happens. The question is, those were all the Fed starting the cycle, which takes a long time, you don’t stop buying the day after. But when you listen to what David said about the tariffs, it reminds me of, okay you have a rate cycle, and you know you’re gonna get clobbered. So maybe you wait a little. Uh, we did go down 10.8% in the S&P and it seemed like the President relented. This seems like an angrier President. I don’t get the sense that he’s, not only is he not thinking right now about the market, I question whether he’s thinking about the people who voted for him.”
While Cramer generally supports President Trump and agrees with him about the need to tariff America’s trading partners, whom Cramer dubs as ‘trading enemies,’ he found Trump’s statement saying that the President could not care less about whether car manufacturers raised prices “very disturbing.”
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 31st.
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).
11. CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)
Number of Hedge Fund Holders In Q4 2024: 0 (Due To IPO in Q1 2025)
CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) is the youngest entrant on the stock market. It is the first IPO of 2025 and has set the tone for potential listings later this year. CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)’s IPO comes just as investors look towards an era of increased deal-making and deal with the impact of tariffs on the US economy. Cramer and his co-host David Faber pointed out before the IPO that CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)’s GPUs might lose value due to depreciation. As the shares went public, here’s what Cramer said:
“[On GPUs being valuable after depreciation] Right, I mean you do a straight line depreciation on a building you get to the end of the, maybe still worth something. That’s what you have to say. Now I thought that was important. But just as important is a piece by DA Davidson today. And this is, this plus a note in The Information about. . .things are over priced. This is a very damming thing. And I really want to preface it by saying, not only do I not believe in this, but I think it’s also illegal. Uh, DA Davidson is saying that, NVIDIA created CoreWeave in order to apply competitive pressure on its largest customers and create artificial scarcity which makes it much more concerning. A vast majority of CoreWeave revenue comes from Microsoft, Meta, and NVIDIA. So, you get, NVIDIA gives you money, that’s what happened in the deal. And then you give back to NVIDIA, you buy chips.”
“So you have to wonder whether this doesn’t trigger an investigation which I don’t think it should. But [inaudible] all the lazy Susan deal, which the government used to frown upon. I give you money, you come back and you buy something.”
“Now, the illegal part of it, just so we know, that I would say could be illegal, this is, I think this Davidson piece is completely wrong. Is the idea that NVIDIA created CoreWeave to do that. CoreWeave was created by a couple of guys who were doing Bitcoin mining, they then moved in to buy these things and becoming really unbelievable at installing. . .to say that NVIDIA created these things, I think is not fair and not true. And that’s my problem with this note.”
10. SAP SE (NYSE:SAP)
Number of Hedge Fund Holders In Q4 2024: 27
SAP SE (NYSE:SAP) is the largest enterprise resource planning software provider in the world. Despite this, Cramer rarely discusses the stock perhaps due to its foreign roots. SAP SE (NYSE:SAP)’s shares depend on economic activity as it increases the budgetary room for businesses to spend on its software. The shares are up by 11.56% year-to-date with the stock having gained 41% over the past year on the back of AI-fueled revenue growth. Cramer mentioned SAP SE (NYSE:SAP) in the broader context of the impact of government spending on businesses:
“[On how DOGE is impacting companies that provide government with services] Right, that’s the ServiceNow issue, that’s the ServiceNow issue, they have the most of the government. SAP issue. Oracle on Friday, absolutely.”
