We recently published a list of Was Jim Cramer Right About These 13 Stocks?. In this article, we are going to take a look at where Best Buy Co Inc. (NYSE:BBY) stands against other stocks that Jim Cramer discussed.
During the latest episode of Mad Money, Jim Cramer focused on the recent market volatility and the reasons behind it. He explained that the reason behind this volatility is the escalating trade war with Canada. Here’s how he explained the situation:
“We got a trade war going with Canada. Here’s what happened, they announced a 25% tariff on electricity in our country earlier today. Immediately president Trump announced some hard retaliation doubling the tariffs on aluminum and steel. The steel side can be dealt with. Aluminum, I don’t know but it’s bad news. Canadians produce a huge percentage of that stuff for our airline makers, for trucks, for cars. A 50% tariff would be very inflationary and could destroy the profits of the automakers.”
Cramer’s recent opinion is that the U.S. is no longer a manufacturing-driven economy, but a service-driven one, where businesses thrive on stability and consumer confidence. Here’s how he explained it:
“Now we’re not a manufacturing economy, we’re a service economy. That’s why it stings when you see these retailers, telecoms, and airlines linking the negativity of their customers to political actions. […] The issue is that, again, we’re service. Most of our business is service, and that economy is starting to roll over because consumer confidence is declining as people worry about the impact of these tariffs. They don’t understand them. Sure, we have plenty of room for layoffs, so to speak, because we have very low unemployment. But the stock market is saying the tariffs will be inflationary, and the White House hasn’t explained to the American people why it’s worth it.”
Methodology
For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money on March 20, 2024. We then calculated their performance from March 20th, 2024, market close to March 12th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.
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).
Best Buy Co. Inc. (NYSE:BBY)
Number of Hedge Fund Holders: 38
Cramer also favored Best Buy Co Inc. (NYSE:BBY) back then, highlighting its solid business results:
“You buy the retailers now when the economy is still strong enough, and the numbers for a Dick’s or a Best Buy or a Costco are strong enough.”
Best Buy (NYSE:BBY) has also struggled since then, having dropped by 7.56%.
On the 31st of January this year, Cramer noted Best Buy Co., Inc.’s (NYSE:BBY) stock decline and mentioned that he is not ready to give up on it.
“Well, you know what, I’ve got a, we have a meeting next week for the club and I feel very, very strongly that Best Buy is too cheap down here. It has been a one-way ticket to Hades from $103 all the way down here, yields 4.5%. I don’t want to give up on Best Buy… I don’t know why this stock can’t even lift for a single day though.”
Overall, BBY ranks 9th on our list of stocks that Jim Cramer discussed. While we acknowledge the potential of 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
Disclosure: None. This article is originally published at Insider Monkey.
