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Jim Cramer’s Latest Stock Picks in May 2024

Jim Cramer on Friday analyzed the market rally following the latest CPI data which showed inflation was easing in April. Cramer said bears are clearly fighting an “uphill” battle and unless they could get any clear sign that inflation is heating up, he expects the rally to continue.

Cramer Thinks The Market is “Outrageously Bullish”

In another program last week Cramer said this market feels “almost blasphemous” to him because it’s led by an “outrageously bullish” combination of stocks, many of which he believes don’t deserve to rally.

Jim Cramer said that the NASDAQ, S&P 500 and the Dow recently touching record “defies” the conventional wisdom on “what could happen” at this stage of the business cycle.

“Shut Up and Drive”

Cramer yet again let it out on the bears and market skeptics, saying the bears “have had it wrong.” Cramer said when you look at the stocks they tell you that market naysayers continuously warning about a hot economy, high CPI, budget deficit and low consumer sentiment are “awful.” According to Cramer, the stocks are saying:

“Shut up and drive!”

Jim Cramer highlighted that in the past, when one group of stocks was going higher, usually its opposite camp declined. But this trend has been defied in the recent market rallies where apparently “mutually exclusive” group of stocks are surging at the same time — banks, tech, industrials, utilities, to name a few.

Cramer Awaits the “Biggest Earnings Report of the Entire Year”

Cramer is also on tenterhooks, waiting for NVIDIA Corp (NASDAQ:NVDA) earnings, which he called the “biggest earnings report of the entire year.”

For this article we saw several latest programs of Jim Cramer aired in May and picked 5 stocks he’s recommending investors in the current environment. Instead of Cramer’s famous picks like NVIDIA Corp (NASDAQ:NVDA),  Amazon.com Inc (NASDAQ:AMZN) and Alphabet Inc Class C (NASDAQ:GOOG), you will see some new, lesser-known names in the list.

Mind Medicine (MindMed) Inc (NASDAQ:MNMD)

Number of Hedge Fund Investors: 4

Mind Medicine (MindMed) Inc (NASDAQ:MNMD) is working on treatments for psychiatry, addiction, pain and neurology. Cramer said in a latest program that he likes any company working on treatments that help people “do good” and “get rid of pain” without getting them “hooked.” He also said that he is a “believer” in Mind Medicine (MindMed) Inc (NASDAQ:MNMD).

He also said he doesn’t “care” if such stocks don’t make a lot of money for now because people should “recognize” that this is an “unmet need” and it “will make money in the end.”

SAP SE (NYSE:SAP)

Number of Hedge Fund Investors: 22

While talking about IT consulting company Accenture, Jim Cramer said in a latest program that he thinks SAP SE (NYSE:SAP) is better than Accenture.

As of the end of the fourth quarter of 2023, 22 hedge funds tracked by Insider Monkey had stakes in SAP SE (NYSE:SAP). The most notable stake in SAP SE (NYSE:SAP) is owned by Ken Fisher’s Fisher Asset Management which owns a $983 million stake in the company.

SAP SE (NYSE:SAP) is up about 28% so far this year.

Polen Global Growth Strategy stated the following regarding SAP SE (NYSE:SAP) in its first quarter 2024 investor letter:

“The largest relative contributors to the Portfolio’s performance during the first quarter were SAP SE (NYSE:SAP), Apple (not owned), and Amazon.

After delivering a robust fourth quarter, SAP’s stock price again rose significantly in the first quarter of 2024 on solid 4Q23 earnings and full-year guidance that was revised modestly higher. Importantly, SAP’s transition to the cloud (a core part of our thesis on the business) continues at pace, and the company is seeing both strong cloud revenue growth and expanding cloud gross margins. Management is guiding cloud sales growth through 2025 in the mid-20% range, which we view as reasonable and attractive. We view SAP as one of the more resilient software business models as it is an essential part of their customers’ day-to-day operations and cannot easily be turned off or scaled back. Additionally, we think CEO Christian Klein is honest, competent, and long-term minded— traits we value highly in leadership.”

 Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

Number of Hedge Fund Investors: 24

We recently covered that Jim Cramer was in a wait-and-see mode on Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) ahead of a key decision in which Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) was expected to give a verdict on its hefty dividend and business outlook. Cramer was expecting the company to cut its dividend, which he believed would be a logical decision to make. Lo and behold, Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) rattled investors by slashing its dividend by a whopping 80%. After the cut, while the stock tumbled to new lows, Cramer sounded bullish on the stock, expressing his full trust in CEO Sandra B. Cochran.

Cramer thinks Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) CEO will “succeed” with the new transformation because “she is a hitter.”

In addition to NVIDIA Corp (NASDAQ:NVDA),  Amazon.com Inc (NASDAQ:AMZN) and Alphabet Inc Class C (NASDAQ:GOOG), Cramer is also bullish on Cracker Barrel.

Modine Manufacturing Co (NYSE:MOD)

Number of Hedge Fund Investors: 28

Jim Cramer is extremely bullish on Modine Manufacturing Co (NYSE:MOD). When asked about the Wisconsin-based thermal management company during his latest program, Cramer said, while hitting the buy, buy, buy button:

“Ok, that kind of metal-bending industrial company is precisely what’s working here.”

Cramer also said that Modine Manufacturing Co (NYSE:MOD) is a “Club-like” name, saying his investing club propends investing in stocks similar to Modine Manufacturing Co (NYSE:MOD).

In addition to MOD, Cramer also likes NVIDIA Corp (NASDAQ:NVDA), Amazon.com Inc (NASDAQ:AMZN) and Alphabet Inc Class C (NASDAQ:GOOG).

Carillon Chartwell Small Cap Value Fund made the following comment about Modine Manufacturing Company (NYSE:MOD) in its Q3 2023 investor letter:

Modine Manufacturing Company (NYSE:MOD) was another strong performer. Modine’s performance technologies segment is experiencing high demand as it provides thermal solutions for electronic vehicle (EV) and hybrid vehicle manufacturers. The company also has focused on growth opportunities in the data-center market, selling data center cooling solutions needed for energy intensive artificial intelligence (AI) projects.”

Moderna Inc (NASDAQ:MRNA)

Number of Hedge Fund Investors: 39

When asked about Moderna Inc (NASDAQ:MRNA) recently, Jim Cramer said that he’s a “believer” in the stock and he never “backed away” from his thesis on the stock. Cramer said Moderna Inc (NASDAQ:MRNA) went “crazy” during the pandemic, then crashed:

“Ever since it crashed, I’m in, I’m in,” Cramer said.

Jim Cramer is recommending many more stocks in May.

Click to see 5 More Jim Cramer Stock Picks in May 2024.

Disclosure. None.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…