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 Applied Materials Inc. (NASDAQ:AMAT) stands against other stocks that Jim Cramer discusses.
During the latest episode of Mad Money, Jim Cramer expressed his frustration over the negative outlook he believes the White House is projecting about the economy. He explained that while he felt a sense of optimism and wanted to get excited about positive developments in the stock market, he held back.
“I wanted to get excited, but you know what I had to do? I had to hold my breath because when this market’s getting ahead of steam going, you know what you can bet on? The president will post something rancorous, dispiriting, and confusing and the market will immediately get put through the meat grinder…
It’s not necessary to do this, nor will they highlight anything good that’s going on here. It makes people feel like everything’s terrible, which isn’t true…
So here’s the bottom line: Every day there is something to celebrate in the business world because the business world is fantastic. We’d be in much better shape if the administration would highlight that. Believe me, the bad doesn’t need your help. It’ll get the word out all by itself.”
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 21, 2024. We then calculated their performance from March 21, 2024, market close to March 13th, 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).
Applied Materials Inc. (NASDAQ:AMAT)
Number of Hedge Fund Holders: 80
At the time, Cramer was bullish on Applied Materials Inc. (NASDAQ:AMAT) but suggested waiting for a pullback, saying:
“Look, it’s never been the wrong time in the last couple of years because Gary Dickerson is so great at what he does. Now it’s up five, it’s at a high… I’d buy some and let it pull back. I would not buy all at once.”
Applied Materials Inc. (NASDAQ:AMAT) has fallen by 27.42% since that episode aired.
Jim Cramer remains neutral on the stock. Here are his latest comments from the 21st of January:
“Couple of semiconductor names like Applied Materials, which make semiconductor capital equipment, and even the lowly Intel both are also roughly 12% higher thanks to the amazing quarter (of Taiwan Semiconductor)… Applied Materials rallied 4.5% last Thursday and is now up more than 8% in the three trading days since the quarter.”
Overall, AMAT ranks 3rd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of AMAT 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 AMAT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
