10 Cheap Jim Cramer Stocks to Invest In Right Now

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 (NYSE:SAN) 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. (NYSE:SAN) 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  (NYSE:SAN) 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. (NYSE:SAN) 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. (NYSE:SAN), 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 (NYSE:ET) 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 (NYSE:ET), 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 (NYSE:ET) 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 (NYSE:ET), 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 (NYSE:ET) 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. (NASDAQ:STLD) 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. (NASDAQ:STLD) 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. (NASDAQ:STLD)’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. (NASDAQ:STLD) 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. (NASDAQ:STLD), 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 (NYSE:BDX) 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 (NYSE:BDX) intends to provide replacements for these products.

Meanwhile, on June 12, 2026, Bank of America lowered its price target on Becton, Dickinson and Company (NYSE:BDX) 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 (NYSE:BDX) 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 (NYSE:DVN). The move follows Devon Energy Corporation’s (NYSE:DVN) 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 (NYSE:DVN) 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 (NYSE:DVN) 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 (NYSE:DVN) 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.

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