Jim Cramer’s 5 Latest Stock Picks in May 2024

This article presents an overview of  Jim Cramer’s Latest 5 Stock Picks in May 2024. For a detailed overview of such stocks read our article, Jim Cramer’s Latest Stock Picks in May 2024.

5. DraftKings Inc (NASDAQ:DKNG)

Number of Hedge Fund Investors: 55

When asked about DraftKings Inc (NASDAQ:DKNG), Jim Cramer said he looked at Flutter’s latest quarterly numbers and that makes him bullish on DraftKings Inc (NASDAQ:DKNG).

“That means DraftKings is on the one to buy, I think it’s terrific.”

4. PG&E Corp (NYSE:PCG)

Number of Hedge Fund Investors: 58

Jim Cramer was recently asked about PG&E Corp (NYSE:PCG). He said that he’s been recommending the stock previously, and he still thinks PG&E Corp (NYSE:PCG) is a Buy at the current levels.

Of the 933 hedge funds tracked by Insider Monkey, 53 hedge funds reported owning stakes in the company.

3. Boston Scientific Corporation (NYSE:BSX)

Number of Hedge Fund Investors: 71

Boston Scientific Corporation (NYSE:BSX) is one of the latest stock picks of Jim Cramer in May 2024.

Here is what he said when recently asked about the stock during his program on CNBC:

“That company is doing so well.”

Cramer “wished” he’d owned this stock for his charitable trust.

“It is just fantastic.”

2. ServiceNow Inc (NYSE:NOW)

Number of Hedge Fund Investors: 91

“I like ServiceNow more too,” said Cramer while sharing his thoughts on Accenture in a latest program.

Jim Cramer likes ServiceNow Inc (NYSE:NOW) because of its AI potential.  He thinks NOW is one of the stocks that can go higher thanks to the AI revolution.

In December, he said that “a lot of people” feel that ServiceNow Inc (NYSE:NOW) has become the “barometer” of the broader AI industry. Cramer said the company has done an “amazing job.”

1. Eli Lilly And Co (NYSE:LLY)

Number of Hedge Fund Investors: 102

Jim Cramer has been recommending investors to buy Eli Lilly And Co (NYSE:LLY) over the past several months. His Charitable Trust also owns a position in the company. In a latest program, while talking about Amgen, Cramer advised investors to buy Eli Lilly on the dip.

“Let Eli Lilly come down, and buy it.”

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 Says “Hang On To Stocks” and Recommends 10 Stocks and the Jim Cramer and Ken Fisher Love These 10 Stocks.