We recently published a list of Jim Cramer Discussed These 10 Stocks Recently. In this article, we are going to take a look at where Snap Inc. (NYSE:SNAP) stands against other stocks that Jim Cramer discussed recently.
Last Friday, Jim Cramer, host of Mad Money, raised an interesting point about the state of IPOs and their potential growth, had the new administration approached tariff policies more thoughtfully.
“It’s worth thinking about this week for a moment and what it would’ve meant just a few months ago if things hadn’t gotten so far off the rails. What would’ve really happened? What would we have been talking about if it hadn’t been about these ephemeral issues of trade and tariffs?”
READ ALSO: Jim Cramer on These 9 Stocks Recently and Jim Cramer’s Thoughts on These 5 Stocks
He questioned what the conversation would have been like if the White House had taken a more balanced and measured stance in negotiations with trading partners, one that would not have negatively impacted the stock market or shaken consumer confidence. He speculated that if that had been the case, we might have been celebrating our tenth multi-billion dollar IPO by now.
“Except unfortunately the new president and antitrust regulators are much tougher than anybody expected, even if they’re tough in a different way from the Biden people. Turns out the Trump regulators share the same anti-business philosophy as the Biden people.”
He also discussed how recent IPOs, which were once among the most talked-about stocks, have now turned into disappointing performers in just a month. Cramer noted that when fear takes hold of the market, investors often panic and sell off even the most promising stocks. In fact, he pointed out that many of the recent IPOs have been hit hard, as nervous investors are quick to cash out.
“Now here’s the bottom line: Even after today’s rebound, tons of stocks are still so far down from their highs and I think we’ve reached a point where you can hunt for opportunities in the hardest hit names assuming you stick with the best operators.”
Our Methodology
For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 14. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.
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).
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Snap Inc. (NYSE:SNAP)
Number of Hedge Fund Holders: 44
Discussing Snap Inc. (NYSE:SNAP), Cramer voiced the idea that the company should look into hiring a new CEO.
“They did too much stock-based compensation. They didn’t get the balance sheet right… I mean, there’s a possibility they make some money. I got an idea for them, new CEO. By the way, there’s no crime in that. You just swallow your pride and you just say, hey, you know what, I’m gonna let someone else do it.”
Snap (NYSE:SNAP) offers Snapchat, a visual messaging app, along with Snapchat+, Spectacles, and various advertising products, including AR and video/image-based ads. In August 2024, answering a question during the lightning round, Cramer said:
“No, they could use Patti Poppe (a reference to an earlier comment where he described Poppe as a “seasoned person”) too, frankly. I think that Snap is really not, it’s not investable… I just have to tell you that they seem like an irrelevant company. I know that’s a tough judgment, but that’s what I’m paid to do.”
Overall, SNAP ranks 7th on our list of stocks that Jim Cramer discussed recently. While we acknowledge the potential of SNAP 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 SNAP 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.
