10 Growth Stocks Jim Cramer is Talking About

In this article, we will take a look at the 10 growth stocks to Jim Cramer is talking about.

“You Reach For Tech In A Slowdown”

On March 30, Jim Cramer talked about the ramifications of the SVB collapse and how it has catalyzed a rally in tech stocks. Cramer noted that the collapse of SVB has “launched rallies in hundreds of good stocks” as it has caused the Fed to decrease the magnitude of its rate hikes. Cramer said that the Fed may have gone with a 50 basis point rate hike if SVB had not collapsed, since the economy is still hot. Here are some comments from Jim Cramer:

“Nobody can blame the Fed for slowing down the pace of its rate hikes. Until a few weeks ago, we didn’t care that so many banks had taken their Covid-boosted deposits and invested them in longer-term bonds that were practically guaranteed to take losses in the event of aggressive rate hikes, which we got. We didn’t have a clue that old-fashioned bank runs could happen so swiftly.”

Cramer thinks that when we look at the ripple effects of the collapse of SVB, “they actually end up breaking positive, not negative, for much of the stock market”. Cramer elaborated by saying that before SVB failed, fighting inflation was the Fed’s top priority. Now, according to Cramer, the Fed has to reevaluate its priorities and also focus on averting similar banking failures “which are the most deflationary force in existence”. Jim Cramer thinks that the current market environment bodes well for tech stocks. Here is what he said:

“In a sluggish economy, the Wall Street playbook says you buy tech, but not just any tech. You buy tech that’s brimming with cash and doesn’t need to tap the equity or bond markets. Pristine techs, that have so much money, they actually look like banks.”

Cramer noted that “fewer tech stocks would have been getting the benefit of the doubt” if the Federal Reserve decided to go with a 50 basis point rate hike, which would have been probable if we did not have a banking crisis. However, the recent banking failures have caused the Fed to slow down the pace of its rate hikes and has allowed for growth stocks to “come back in style”. Here is what Cramer said:

“This market may be mindless, but it’s got muscle memory that says you reach for tech in a slowdown. The Silicon Valley Bank fiasco was just the oxygen that tech bull needed.”

Cramer thinks that in the current market environment, investors should position themselves in large-cap tech stocks such as Apple Inc. (NASDAQ:AAPL), Meta Platforms, Inc. (NASDAQ:FB), and NVIDIA Corporation (NASDAQ:NVDA). We have compiled a list of 10 growth stocks that Cramer has been talking about. Let’s now look at these stocks in detail below.

Our Methodology

To determine the 10 growth stocks that Jim Cramer is talking about, we watched Mad Money episodes that have aired since March 30 to April 18. We compiled a list of growth stocks that Cramer has recommended buying or holding over the past 3 weeks. We then sourced each stock’s hedge fund sentiment from Insider Monkey’s database which tracks roughly 900 hedge funds. We narrowed down our list to the 10 growth stocks mentioned by Jim Cramer that were the most widely held by institutional investors. We have ranked these stocks in ascending order of the number of hedge funds that have stakes in them.

Growth Stocks Jim Cramer is Talking About

10. Verint Systems Inc. (NASDAQ:VRNT)

Number of Hedge Fund Holders: 22

Verint Systems Inc. (NASDAQ:VRNT) is an American analytics company that distributes software and hardware products for customer engagement management and business intelligence. Cramer recommended holding the stock to one of his callers. Cramer noted that though it is not an “inexpensive stock”, it is a “good call”.

On March 30, RBC Capital analyst Dan Bergstrom revised his price target on Verint Systems Inc. (NASDAQ:VRNT) to $46 from $48 and maintained an Outperform rating on the shares. As of April 18, the stock has returned roughly 15% to investors over the past 6 months.

At the end of Q4 2022, 22 hedge funds were long Verint Systems Inc. (NASDAQ:VRNT) and disclosed positions worth $434.5 million in the company. Of those, Rima Senvest Management was the leading investor in the company and disclosed a position worth $138.5 million.

Some of Jim Cramer’s top growth stock picks include Apple Inc. (NASDAQ:AAPL), Meta Platforms, Inc. (NASDAQ:FB), and NVIDIA Corporation (NASDAQ:NVDA).

9. Lattice Semiconductor Corporation (NASDAQ:LSCC) 

Number of Hedge Fund Holders: 35

Cramer likes Lattice Semiconductor Corporation (NASDAQ:LSCC) and gave one of his callers the go-ahead to buy the stock. He said that “it is a very very good company” and he is a buyer of the stock. Lattice Semiconductor Corporation (NASDAQ:LSCC) is ranked among the top growth stocks Jim Cramer is talking about.

On April 11, KeyBanc raised its price target on Lattice Semiconductor Corporation (NASDAQ:LSCC) to $110 from $100 and reiterated an Overweight rating on the shares. Lattice Semiconductor Corporation (NASDAQ:LSCC) has gained 99.43% over the past 6 months, as of April 18.

Lattice Semiconductor Corporation (NASDAQ:LSCC)  was spotted on 35 hedge funds’ portfolios at the close of Q4 2022. These funds held collective positions worth $484 million in the company. As of December 31, Polar Capital is the most prominent stockholder in the company and holds a stake worth $129.5 million.

Carillon Tower Advisers made the following comment about Lattice Semiconductor Corporation (NASDAQ:LSCC) in its Q4 2022 investor letter:

“Lattice Semiconductor Corporation (NASDAQ:LSCC) is a semiconductor company focused on the lower- to mid-end of the field programmable gate array (FPGA) sub-sector. The company has been executing well in a volatile semiconductor and technology spending environment. Most recently, investors have appreciated the company’s announcements regarding new product introductions that we believe will significantly increase the total addressable market at a much higher pricing than the existing products.”

8. NXP Semiconductors N.V. (NASDAQ:NXPI)

Number of Hedge Fund Holders: 45

NXP Semiconductors N.V. (NASDAQ:NXPI) is another semiconductor stock that Jim Cramer likes. He recommended the stock to a caller during one of his lightning rounds. As of April 18, the stock has gained 24.38% over the past 6 months.

This February, Deutsche Bank analyst Ross Seymore raised his price target on NXP Semiconductors N.V. (NASDAQ:NXPI) to $200 from $185 and maintained a Buy rating on the shares.

NXP Semiconductors N.V. (NASDAQ:NXPI) was a part of 45 investors’ portfolios at the end of the fourth quarter of 2022. These funds held collective positions worth $964 million in the company. As of December 31, First Pacific Advisors LLC is the top investor in the company and has a stake worth $133.3 million.

7. Match Group, Inc. (NASDAQ:MTCH)

Number of Hedge Fund Holders: 54

Cramer talked about Match Group, Inc. (NASDAQ:MTCH) during one of his lightning rounds. Though the company reported weak earnings for fiscal Q4 2022, he recommends holding the stock. A caller asked whether he should buy the stock around $36 and Cramer responded “I would not sell the stock at $35, I think that could be a mistake.”

On April 17, TD Cowen analyst John Blackledge updated his price target on Match Group, Inc. (NASDAQ:MTCH) to $70 from $74 and maintained an Outperform rating on the shares.

54 hedge funds disclosed having stakes in Match Group, Inc. (NASDAQ:MTCH) at the close of the fourth quarter of 2022. The total value of these stakes amounted to $730 million.

Here is what RGA Investment Advisors had to say about Match Group, Inc. (NASDAQ:MTCH) in its Q4 2022 investor letter:

“Match Group, Inc. (NASDAQ:MTCH), a long-term holding of ours offers an important illustrative example of these effects. Tinder grew reported revenues 6% year-over-year, accelerating a debate about whether this particular asset has reached a plateau in its growth curve; however, revenues grew 16% on an FX neutral basis. Has this asset stalled or is it a mid-teens grower? Other factors will determine the one true answer to this question, though FX and the stated headline make the answer seem obvious when it is not. When foreign exchange movements are modest, people tend to focus more on FX neutral assuming those changes will normalize over time, yet when movements are extreme the headline takes prominence.”

6. Palo Alto Networks, Inc. (NYSE:PANW)

Number of Hedge Fund Holders: 85

One of Cramer’s callers asked about his thoughts on Palantir Technologies Inc. (NYSE:PLTR). Jim Cramer said that Palantir Technologies Inc. (NYSE:PLTR) is not his “cup of tea” and “if you want cybersecurity, you go to Palo Alto Networks, Inc. (NYSE:PANW)”. As of April 18, Palantir Technologies Inc. (NYSE:PLTR) has gained 10.37% over the past 6 months and Palo Alto Networks, Inc. (NYSE:PANW) has gained 24.91% over the comparable time period.

This April, Oppenheimer analyst Ittai Kidron raised his price target on Palo Alto Networks, Inc. (NYSE:PANW) to $250 from $220 and maintained an Outperform rating on the shares.

At the end of Q4 2022, 85 hedge funds were bullish on Palo Alto Networks, Inc. (NYSE:PANW) and disclosed positions worth $3.2 billion in the company. Of those, Citadel Investment Group was the leading shareholder in the company and disclosed a position worth $363.7 million.

TimesSquare Capital Management made the following comment about Palo Alto Networks, Inc. (NASDAQ:PANW) in its Q4 2022 investor letter:

“Within Information Technology, Palo Alto Networks, Inc. (NASDAQ:PANW) offers network security solutions to enterprises, services providers, and government entities. The company delivered another strong quarter with revenues, billings, and earnings all above the consensus. Management recognizes a challenging macro environment that is altering customer behavior such as increased deal scrutiny and elongating sales cycles. Their shares pulled back by -15% during the quarter.”

Some of the best-in-class growth stocks Jim Cramer is talking about include Palo Alto Networks, Inc. (NYSE:PANW), Apple Inc. (NASDAQ:AAPL), Meta Platforms, Inc. (NASDAQ:FB), and NVIDIA Corporation (NASDAQ:NVDA).

5. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 97

Jim Cramer talked about Advanced Micro Devices, Inc. (NASDAQ:AMD) with one of his callers during a lightning round. Cramer said that Advanced Micro Devices, Inc. (NASDAQ:AMD) has been a long-time holding for his charitable trust, however, he does not expect the company to report a strong quarter. Cramer attributed weakness in data centers and PCs to be the main reason for the company having a weak quarter, though “gaming is going to be okay”. Regardless, Cramer likes the company’s management and semiconductors as a whole.

On April 11, KeyBanc analyst John Vinh raised his price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $110 from $95 and maintained an Overweight rating on the shares.

Advanced Micro Devices, Inc. (NASDAQ:AMD) was a part of 97 investors’ portfolios at the close of Q4 2022. These funds held collective stakes worth $5.7 billion in the company. As of December 31, Citadel Investment Group is the top investor in the company and holds a position worth $424.7 million.

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 106

NVIDIA Corporation (NASDAQ:NVDA) is one of Jim Cramer’s top growth stock picks right now. He has spoken about the stock multiple times in recent days. Cramer said that he has “loved NVIDIA Corporation (NASDAQ:NVDA) for ages” and that right now the stock is “the definition of unstoppable”.

This April, KeyBanc raised his price target on NVIDIA Corporation (NASDAQ:NVDA) to $320 from $280 and maintained an Overweight rating on the shares. Shares of NVIDIA Corporation (NASDAQ:NVDA) have rallied 129.58% over the past 6 months, as of April 18.

At the end of Q4 2022, 106 hedge funds were long NVIDIA Corporation (NASDAQ:NVDA) and disclosed positions worth $6 billion in the company. Of those, Matrix Capital Management was the leading investor in the company and disclosed a position worth $741 million.

Here is what ClearBridge Investments had to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2022 investor letter:

“Promoting diversification and managing risk continue to guide our transaction activity, with a focus on the earnings trajectory of existing and potential holdings leading to our most recent moves. We are directing our research efforts to identifying names that are closer to the bottom than the top in terms of earnings and valuations, adding to our positions in ASML, the leading supplier of high-end production equipment to chip makers, and NVIDIA Corporation (NASDAQ:NVDA), whose valuation has washed out due to weakness in gaming and crypto mining as well as slowing enterprise spending.”

3. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 117

Cramer likes Salesforce, Inc. (NYSE:CRM) and thinks that the company is a “customer relationship management kingpin”. As of April 18, Salesforce, Inc. (NYSE:CRM) has gone up by 29.17% over the past 6 months.

On March 2, BMO Capital analyst Keith Bachman raised his price target on Salesforce, Inc. (NYSE:CRM) to $230 from $185 and maintained an Outperform rating on the shares.

At the close of the fourth quarter of 2022, 117 hedge funds were eager on Salesforce, Inc. (NYSE:CRM) and held positions worth $8.3 billion in the company. Of those, Harris Associates was the most prominent shareholder in the company and disclosed a position worth $1 billion.

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Jim Cramer likes Apple Inc. (NASDAQ:AAPL) and the stock is one of his top growth stock picks right now. Cramer thinks that “the reason that Apple’s (NASDAQ:AAPL) stock keeps going higher is because the bears have run out of ammunition”. As of April 18, Apple Inc. (NASDAQ:AAPL) has returned 15.72% to investors over the past 6 months.

This April, Wedbush reiterated an Outperform rating and its $205 price target on Apple Inc. (NASDAQ:AAPL).

Apple Inc. (NASDAQ:AAPL) was spotted on 135 hedge funds’ portfolios at the close of Q4 2022. These funds held collective positions worth $136 billion in the company. As of December 31, Berkshire Hathaway is the largest stockholder in the company and disclosed a position worth $116 billion.

1. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 194

Jim Cramer has been talking about Meta Platforms, Inc. (NASDAQ:META) recently. He likes the stock because of the company’s recent cost-cutting measures and also because Mark Zuckerberg “has managed to beef up his TikTok killer reels” at the optimal time when its competitor TikTok is under pressure from U.S. lawmakers. Meta Platforms, Inc. (NASDAQ:META) is one of Jim Cramer’s top growth stock picks.

This April, TD Cowen analyst John Blackledge raised his price target on Meta Platforms, Inc. (NASDAQ:META) to $195 from $190 and maintained an Outperform rating on the shares.

194 hedge funds disclosed having stakes in Meta Platforms, Inc. (NASDAQ:META) at the close of the fourth quarter of 2022. The total value of these stakes amounted to $15.5 billion. As of December 31, Eagle Capital Management is the dominant investor in the company and has a stake worth $1 billion.

Renaissance Investment Management made the following comment about Meta Platforms, Inc. (NASDAQ:META) in its Q4 2022 investor letter:

“Lastly, Meta Platforms, Inc. (NASDAQ:META) declined for the quarter after reporting disappointing earnings and guidance. The company’s plan to accelerate operating expenses and capital investments despite a slowdown in the digital advertising market was not well received by investors. However, the stock pared losses in the second half of the quarter after management reversed course and announced a reduction in operating expenses for 2023 along with substantial headcount reductions.”

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Disclosure: None. 10 Growth Stocks Jim Cramer is Talking About is originally published on Insider Monkey.