Jim Cramer Talked About 7 Stocks & Stagflation Fears

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1. Best Buy Co., Inc. (NYSE:BBY)

Number of Hedge Fund Holders: 38

Best Buy Co., Inc. (NYSE:BBY) was mentioned during the episode, and here’s what Cramer had to say:

“Of course, I want to be empirical here. Some industries will be hurt badly because they have a huge concentration of products from overseas. We sold our Best Buy for the Charitable Trust because of the tariffs.”

Best Buy (NYSE:BBY) is a retail company that offers a selection of technology products, such as computers, smartphones, electronics, home appliances, entertainment products, and various other items. Carillon Tower Advisers stated the following regarding Best Buy Co., Inc. (NYSE:BBY) in its Q4 2024 investor letter:

“Best Buy Co., Inc. (NYSE:BBY) pulled back after its second-quarter earnings release exceeded expectations. Investor sentiment grew tepid over concerns that election outcomes could impact the company’s business. Sales also may have been hindered by a compressed holiday season and a lack of innovative new products.”

While we acknowledge the potential of Best Buy Co., Inc. (NYSE:BBY) as an investment, our conviction lies in the belief that 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 BBY 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

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