In this article, we will take a look at the 10 Cheap Jim Cramer Stocks to Invest In Right Now.
Macroeconomic pressures continue to affect market sentiment. In a CNBC article published on June 10, 2026, a report from the Bureau of Labor Statistics was mentioned, which indicated that the consumer price index rose 4.2% annually in May, marking its highest level in three years. The spike was heavily induced by an ongoing conflict with Iran that drove a 3.9% monthly increase in energy prices. Navy Federal Credit Union Chief Economist Heather Long commented on the data, noting that Americans are feeling a financial squeeze with necessities like gasoline, electricity, and food taking heavy hits.
Such volatile economic backdrops often lead market participants to look toward seasoned market commentators who can effectively point towards equities capable of strengthening a portfolio. Having frequently highlighted overlooked equities with compelling value propositions amid tighter economic conditions, CNBC’s Mad Money host Jim Cramer remains a central figure in this environment. Cramer has repeatedly supported purchasing cheaper stocks with good potential rather than those that are high-priced:
The stocks that are attracting buyers are so much cheaper than the average equity that they could rally for days without running into any kind of ceiling.
In this economic environment, where affordability is also a priority, we have identified 10 cheap Jim Cramer stocks to invest in right now to maintain equity exposure in high-multiple growth sectors.
Our Methodology
To compile our list of 10 cheap Jim Cramer stocks to invest in right now, we compiled a list of stocks that have gained positive views from Cramer in the last month. We filtered the list using the forward P/E ratio (Price-to-Earnings), considering only stocks with ratios below 15. A low Forward P/E typically suggests a stock is undervalued. For ranking the stocks, we have used the hedge fund interests, gathered from the Insider Monkey database. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. All the pricing data are current as of market close on June 19, 2026.
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. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10. Banco Santander, S.A. (NYSE:SAN)
Forward P/E: 11.16
Number of Hedge Fund Holders: 25
Banco Santander, S.A. (NYSE:SAN) is one of the 10 cheap Jim Cramer stocks to invest in right now.
On June 9, 2026, Getnet, Banco Santander, S.A.’s global merchant payments platform, launched a secure infrastructure enabling businesses to automate the acceptance and processing of payments initiated by AI agents. The solution is built on open and interoperable standards. It features identification and authentication mechanisms to remove complex integrations. In Mexico and Latin America, Getnet partnered with Mastercard and Mexican fintech Neivor to successfully process a real-world transaction via Mastercard Agent Pay. The company also has plans to expand compatibility to Visa Intelligent Commerce. Juan Franco, CEO of Getnet, stated:
Our goal is to provide the infrastructure that enables merchants, platforms and AI agents to operate securely, interoperably and at scale, making it easier to adopt new AI-powered shopping experiences.
In a separate event, on June 3, 2026, Banco Santander, S.A. and the Abu Dhabi-based tech group G42 signed a Memorandum of Understanding to co-develop artificial intelligence initiatives. The framework utilizes G42’s AI infrastructure and Banco Santander, S.A.’s expertise in regulatory frameworks to build banking intelligence layers along with AI-enabled customer advisory solutions.
Along with a reference to its acquisition of Webster Financial Corporation, Banco Santander, S.A. has also received Jim Cramer’s support on its Buy rating in the Mad Money Lightning Round:
Not only do I like the acquisition, but I thought it was so good that I actually wrote the chairman Ana Botín, saying that is some franchise because I owned it when I was a hedge fund manager 20 years ago. Buy Banco Santander.
Banco Santander, S.A., founded in 1857, is a premier global banking giant. Headquartered in Spain, the company is one of the world’s largest financial institutions, maintaining a dominant retail and commercial banking presence across Europe and the Americas.
9. Energy Transfer LP (NYSE:ET)
Forward P/E: 11.35
Number of Hedge Fund Holders: 34
Energy Transfer LP (NYSE:ET) is one of the 10 cheap Jim Cramer stocks to invest in right now.
On June 4, 2026, Energy Transfer LP entered into multiple gas supply and natural gas liquid (NGL) agreements through its affiliates with Matador Resources Company. With this agreement, Matador aims to improve the pricing netbacks as well as reduce the company’s exposure to volatile Waha Hub pricing during the latter half of 2026. The collaboration will lead to a supply of natural gas to Energy Transfer LP, supporting the company in meeting its fuel requirements amid the growing demand for power from AI data centers and power generation markets.
In a more recent development, on June 18, 2026, Energy Transfer LP announced a fully subscribed expansion of its Nederland NGL Export Terminal, adding 240,000 bpd of ethane and 55,000 bpd of LPG capacity. The project is backed by long-term commitments into the 2040s and includes two new ship docks and pipeline expansions. Staged completion is expected to begin in 2028.
In his Mad Money Lightning Round, on June 2, 2026, Cramer shared positive views on Energy Transfer LP, calling it an “inexpensive” stock.
Energy Transfer is a terrific situation. I like it very much. I think it is inexpensive and it’s got a good dividend.
Founded in 1996, Energy Transfer LP is one of North America’s largest and most diversified midstream energy companies. Based in Texas, the company owns and operates a massive network of pipelines, spanning 44 states and all major U.S. production basins.
8. Steel Dynamics, Inc. (NASDAQ:STLD)
Forward P/E: 13.63
Number of Hedge Fund Holders: 44
Steel Dynamics, Inc. (NASDAQ:STLD) is one of the 10 cheap Jim Cramer stocks to invest in right now.
On June 12, 2026, Bank of America raised its price target on Steel Dynamics, Inc. from $250 to $285 while maintaining a Neutral rating on the company’s stock. With the second-quarter earnings guidance from Nucor (NUE) and Steel Dynamics, Inc. expected to arrive in the following week, BofA marked-to-market their Q2 steel price forecasts. After updating estimates across the North American steel and metal service centers sector, the firm raised its price targets for the group by 9% on average.
Prior to this, on June 10, 2026, JPMorgan made separate adjustments to Steel Dynamics, Inc.’s price target, notably raising it from $210 to $262. The firm kept a Neutral rating on the stock. JPMorgan’s update on the company’s PT was part of the firm’s mid-quarter preview. The firm anticipates positive results from the company’s Q2 report, with the outlook for the latter half of 2026 better than seasonal. Notably, the firm perceives the U.S. steel industry as a relatively safe haven.
The stock also gained a positive view from Cramer, with the Mad Money host pointing to Steel Dynamics, Inc. as a great company in the Lightning Round on May 8, 2026.
Steel Dynamics is a great company. Why would you do anything other than [buy, buy, buy]?
Steel Dynamics, Inc., founded in 1993, is one of the largest domestic steel producers and metals recyclers in North America. Headquartered in Indiana, the company utilizes electric arc furnaces to create low-carbon-emission steel.
7. Becton, Dickinson and Company (NYSE:BDX)
Forward P/E: 10.67
Number of Hedge Fund Holders: 48
Becton, Dickinson and Company (NYSE:BDX) is one of the 10 cheap Jim Cramer stocks to invest in right now.
On June 6, 2026, Becton, Dickinson and Company issued a nationwide voluntary recall for specific lots of its ChloraPrep™ Clear 1 mL and FREPP™ Clear 1.5 mL skin preparation applicators due to potential fungal contamination (Aspergillus penicillioides). 4032183 and 4073005 were the two affected lots, which were distributed to hospitals and suppliers between March and June 2024. Contamination by the fungus poses severe risks, including systemic infection, sepsis, and surgical complications. No adverse events have been reported yet. However, the company advises customers to stop using the product immediately and destroy the recalled products. Becton, Dickinson and Company intends to provide replacements for these products.
Meanwhile, on June 12, 2026, Bank of America lowered its price target on Becton, Dickinson and Company from $177 to $170, maintaining a Neutral rating. The analyst cited a lower utilization environment and an increase in inflation headwinds for 2027, as the firm adopted a more conservative outlook on medtech companies. BofA also reduced 2027 estimates across its large-cap medtech coverage to account for utilization and margin compression risks.
Earlier this month, on June 3, 2026, Jim Cramer expressed confidence in the stock.
I like Becton, Dickinson. It is selling frankly at the lowest level to the market that I have ever seen. I think you buy some and then you wait to see if they even oversell it more. That stock is very inexpensive.
Founded in 1897, Becton, Dickinson and Company is a global medical technology company headquartered in New Jersey. The company manufactures and sells medical supplies, devices, laboratory equipment, and diagnostic products worldwide.
6. Devon Energy Corporation (NYSE:DVN)
Forward P/E: 7.96
Number of Hedge Fund Holders: 58
Devon Energy Corporation (NYSE:DVN) is one of the 10 cheap Jim Cramer stocks to invest in right now.
On June 17, 2026, the Financial Times reported that activist hedge fund Toms Capital Investment Management (TCIM) had built a top-five stake in Devon Energy Corporation. The move follows Devon Energy Corporation’s recent $50 billion merger with Coterra Energy, which created one of the largest independent oil producers in the Permian Basin. The company is already under pressure from another activist, Kimmeridge Energy Management, to boost operational performance as well as to engage in potential asset sales. TCIM’s entry comes amid a surge in Permian dealmaking attributed to the rising oil prices and speculation of a fresh consolidation wave by energy supermajors.
Separately, on June 15, 2026, Raymond James lowered the price target on Devon Energy Corporation from $72 to $66 while maintaining a Strong Buy rating on the stock. According to the firm’s analyst, the updated guidance matched estimates, and investors are kept focused on the upcoming portfolio rationalization. It serves as another significant factor capable of shrinking the valuation gap with the competitors.
Jim Cramer acknowledged the position of Devon Energy Corporation as a major natural gas player in the Lightning Round segment on May 18, 2026.
Devon’s a buy, plain and simple. It’s exactly what you should be buying right here because they have tremendous natural gas, and that’s what we’re great at.
Founded in 1971, Devon Energy Corporation is a premier independent oil and gas exploration and production company. Based in Oklahoma, the company develops and operates the Delaware Basin, Eagle Ford, Heavy Oil, Barnett Shale, STACK, and the Rockies Oil.
5. Kimberly-Clark Corporation (NASDAQ:KMB)
Forward P/E: 13.68
Number of Hedge Fund Holders: 59
Kimberly-Clark Corporation (NASDAQ:KMB) is one of the 10 cheap Jim Cramer stocks to invest in right now.
At the 23rd annual dbAccess Global Consumer Conference, on June 4, 2026, Kimberly-Clark Corporation showcased strong momentum driven by its Powering Care strategy. It highlighted nine quarters of consistent volume and share growth. The company highlighted product premiumization, elevating Huggies to 80% premium tier in the U.S., while effectively increasing offerings for value customers across the world. During the presentation, Kimberly-Clark Corporation also addressed its financial position, claiming that the company is tracking ahead on its $3 billion productivity program, having already delivered 56% of its target. Led by double-digit growth in Brazil, Indonesia, Vietnam, and Korea, international markets also saw stellar performance. Looking ahead, major network automation investments are anticipated to improve productivity gains starting in 2027.
In another development, on June 8, 2026, Kimberly-Clark Corporation’s Pull-Ups®, a leading brand of children’s potty-training pants, debuted Learning Layer™ technology in Canada for the purpose of building awareness and confidence during training. As per the company’s press release, the innovation briefly delays fluid absorption, allowing toddlers to feel wetness to help them learn the difference between wet and dry.
In his Mad Money show, on June 2, 2026, Jim Cramer identified Kimberly-Clark Corporation as one of the potential winners when the market’s interest in tech fades:
These are the stocks that will start going higher if tech retreats. You’ll wish you had some of these when the time comes and the momentum tech stocks run out of, well, momentum.
Founded in 1872, Kimberly-Clark Corporation is a global company focused on personal care products and solutions. Based in Texas, the company operates through two segments: North America and International Personal Care.
4. The Kraft Heinz Company (NASDAQ:KHC)
Forward P/E: 11.19
Number of Hedge Fund Holders: 60
The Kraft Heinz Company (NASDAQ:KHC) is one of the 10 cheap Jim Cramer stocks to invest in right now.
On June 3, 2026, The Kraft Heinz Company presented at the 23rd annual dbAccess Global Consumer Conference, outlining a growth-focused agenda. As part of the agenda, the company mentioned that it is redirecting $600 million from a paused separation toward incremental brand investment. The Kraft Heinz Company’s strategy involves allocating 5.5% of net sales to marketing and 1% to R&D, targeting commercial levels as well as pricing strategies. With market share losses shrinking from 90 bps to 20 bps, and over half of its categories now holding or gaining share, the company’s early results show significant progress. The company is prioritizing major brand innovations, such as Capri Sun packaging updates. It also places importance on surgical value interventions and strategic retailer partnerships to induce long-term organic top-line growth.
In another development that same day, Bernstein downgraded The Kraft Heinz Company from Market Perform to Underperform, with a price target of $21, down from $25. The company cited the new CEO Steve Cahillane’s announcement of a $600 million investment in marketing, price cuts, and renovations. It pushes 2026 leverage to 3.8 times amid commodity inflation, raising questions about the strategy’s sustainability, according to the firm.
Cramer expressed positive views on The Kraft Heinz Company, calling the company’s CEO a miracle worker:
I want to take on the risk of owning Kraft Heinz with CEO Steve Cahillane, the miracle worker who made you a huge amount of money with Kellogg… I hope he can pull it off and save the dividend. Currently yields 6.85%.
Founded in 2015, The Kraft Heinz Company, through the mega-merger of Kraft Foods Group and H.J. Heinz Holding Corporation, is a global packaged food giant. Headquartered in Pennsylvania, the company manufactures iconic consumer brands including Heinz, Kraft, Philadelphia, Lunchables, and Oscar Mayer.
3. CVS Health Corporation (NYSE:CVS)
Forward P/E: 13.33
Number of Hedge Fund Holders: 84
CVS Health Corporation (NYSE:CVS) is one of the 10 cheap Jim Cramer stocks to invest in right now.
The New York Times, in an article published on June 11, 2026, pointed to two federal reports from the Department of Health and Human Services and stated that CVS Health Corporation and other major Medicare Advantage insurers, including UnitedHealth and Humana, have frequently denied necessary rehabilitation care to older Americans. The article highlighted that these top providers rejected roughly 13% of patient requests for skilled nursing facility admissions to lower costs. The denial rate reached 40% for existing nursing home residents. David Whitrap, a spokesman for CVS Health Corporation, said that the company evaluates requests promptly and provides a transparent procedure for appeals:
Our priority is helping patients get the care they need without unnecessary delays.
Prior to this, the stock received a price target revision on June 8, 2026, when Mizuho raised its estimates on CVS Health Corporation from $110 to $115. The firm maintained an Outperform rating on the stock. Mizuho expects a more stable, predictable policy environment to reduce policy-related regulatory surprises. The firm believes that the shift allows investors to focus on sector fundamentals, pricing recovery, and embedded earnings power.
Cramer has consistently praised David Joyner, President and CEO of CVS Health Corporation.
David Joyner he’s come in, he solved Aetna. And he’s basically just said, if you go through his deck, which was a brilliant deck… he’s turned it into a healthcare powerhouse.
Founded in 1963, CVS Health Corp. operates as a health solutions company. Based in Rhode Island, the company operates under multiple segments, including Health Care Benefits, Health Services, Pharmacy & Consumer Wellness, and Corporate/Other.
2. Chevron Corporation (NYSE:CVX)
Forward P/E: 11.83
Number of Hedge Fund Holders: 103
Chevron Corporation (NYSE:CVX) is one of the 10 cheap Jim Cramer stocks to invest in right now.
On May 21, 2026, Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, launched its next-generation Techron fuel additive across all grades at Chevron and Texaco stations nationwide. The scientifically tested reformulation is designed to protect engines from harmful deposits caused by lower-quality fuels. In addition to long-term efficiency, the reformulation also maximizes performance. When used consistently, the updated formula can clean up to 100% of existing engine deposits. According to Andy Walz, president of Chevron Downstream, Midstream, and Chemicals, the innovation strengthens Chevron Corporation’s focus on fuel quality and exceeds standard industry requirements to support modern engine needs.
In a separate event, on May 27, 2026, Mizuho raised its price target on Chevron Corporation from $225 to $230 and maintained an Outperform rating on the stock. Expecting a prolonged crisis with Iran, the firm raised its 2026/2027 oil price outlook and refining crack forecasts. The firm’s analyst noted that the reduced stock valuations create investor opportunities in U.S. oil and gas.
Earlier, on May 12, 2026, Cramer shared his positive view on Chevron Corporation:
The last time oil was at these prices, Chevron was dramatically higher, but you do get a 3.8% yield and they have great cash flow. Mike Wirth is running it, and I’m gonna say, pull the trigger.
Founded in 1879, Chevron Corporation operates as a fully integrated energy company, producing crude oil and natural gas, manufacturing fuels, lubricants, and petrochemicals, and developing technologies aimed at improving efficiency across its operations and the broader energy industry. The company’s headquarters is in Texas.
1. JPMorgan Chase & Co. (NYSE:JPM)
Forward P/E: 14.84
Number of Hedge Fund Holders: 131
JPMorgan Chase & Co. is one of the 10 cheap Jim Cramer stocks to invest in right now.
On June 15, 2026, following the recent expansion to Europe, JPMorgan Chase & Co. expanded its 10-year, $1.5 trillion Security and Resiliency Initiative (SRI) to Canada. The initiative funds critical industries like defense and supply chains. Over the past five years, the company has nearly doubled its Canadian franchise revenue.
Separately, on June 10, 2026, Reuters reported that U.S. District Judge Jed Rakoff dismissed a lawsuit against JPMorgan Chase & Co., Barclays, and Fifth Third. Investors accused the banks of ignoring “giant red flags” while fraudulently marketing over $270 million in asset-backed notes for subprime auto lender Tricolor between April 2022 and June 2025. Plaintiffs, including Janus Henderson, alleged the banks were engaged in Ponzi-like fraud even though the audits in 2022 and 2024 revealed falsified cash flows in Tricolor. The banks successfully argued the claims amounted to mere negligence rather than intentional fraud and subsequently secured the dismissal.
In his Mad Money show, on June 2, 2026, Jim Cramer acknowledged JPMorgan Chase & Co. as the best bank in the world:
If you’re looking for a fortress, I like the stock of JPMorgan here. It’s got balanced growth, sells for only 13 times earnings. It’s the best bank in the world… You can buy JPMorgan and put it away.
Founded in 1799, JPMorgan Chase & Co. is a global financial services company. It offers retail banking, investment banking, asset management, and credit services to consumers, businesses, and large institutional clients. The New York-based company operates through the JPMorgan and Chase brands.
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