In this piece, we will look at the stocks that Jim Cramer recently discussed.
In his latest appearance on CNBC’s Squawk on the Street, Jim Cramer shared that he believes the President’s plan for America’s growth can work. He also advised viewers not to panic about the court’s decision, which ruled the Trump administration’s tariffs are illegal, since the matter could head to the Supreme Court:
“Yeah well look I don’t want to sell. One of the things that gets you in trouble, is you come out and you say listen, I actually believe the President’s plan for industry. Cause then people say, oh you love the President. . . I’m just saying that I believe it could work. And not to panic because of some Federal Court, because the actual Supreme Court is five to three! People vote around party lines, now maybe Justice Roberts throws us a curveball. But I think that they’d go for it.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on September 2nd.
For these stocks, we also mentioned the number of hedge fund investors. 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).
10. Costco Wholesale Corporation (NASDAQ:COST)
Number of Hedge Fund Holders In Q2 2025: 91
Costco Wholesale Corporation (NASDAQ:COST)’s shares are up by 3.2% year-to-date but have lost 1.7% over the past month. The recent under-performance comes on the back of a 5.3% drop in August. However, Cramer continues to be a Costco Wholesale Corporation (NASDAQ:COST) fan and reiterated his opinion that the firm does its best to ensure low prices for consumers:
“Look I’ve always said the secret and it has been ever since Richard Galanti was the CFO, he’s now retired, of Costco, is that’s like the TVA. . .meaning that if someone raises price too much, like if you’re Tito’s, and your big customer is Costco’s, and you raise your price [inaudible] suddenly there’s Kirkland Vodka and it taste tests every bit as good. And anyone who does not play ball with Costco, they offer you a choice, lower your prices or we’ll come after you. And their beef prices are the lowest. Their chicken prices, remember when they got tired of being, hurting chickens, so they decided to make, you know, become a chicken farmer. So I think that Costco, if I were to be in front of the Federal Reserve, I’d say listen you gotta go twofold, you gotta look at Walmart and Costco. Now Walmart has passed on, unfortunately they’ve had to pass on some tariffs, but Costco is, I don’t think Costco’s all that much more expensive than it used to be. That is a little bit anecdotal, but I follow Costco really closely and they don’t let people riase prices the way that others do.
“. . .When I shop at Costco I say wow, I mean let’s buy more.
“Yeah, that’s why, look Costco stock has been weaker. Oh it always has these periods where it’s been weaker. But the late Charlie Munger always said it was just that, you know it’s an expensive stock, it will always be an expensive stock, I wanna own it.”
9. Walmart Inc. (NYSE:WMT)
Number of Hedge Fund Holders In Q2 2025: 105
Cramer discussed Walmart Inc. (NYSE:WMT) in the context of the troubles faced by consumer packaged food companies due to high prices and Costco. While the CNBC TV host believes that Costco has done all it can to keep prices lower, Walmart Inc. (NYSE:WMT) has had to pass on some tariff impact to consumers. The shares fell by 6% in August after the firm struggled to meet investor expectations for profitability. Here is what Cramer said about Walmart Inc. (NYSE:WMT):
“. . .if I were to be in front of the Federal Reserve, I’d say listen you gotta go twofold, you gotta look at Walmart and Costco. Now Walmart has passed on, unfortunately they’ve had to pass on some tariffs. . .
“I was quite surprised that Walmart has been going down. Because Walmart, look Walmart’s doing everything it can, and I think that Walmart remains one of those places that you could say well wait a second, there’s a lot of inflation but these guys are on our side. I find that Walmart, when I shop at Walmart, I’m saying ehh, they’re different.
“Walmart fits the zeitgeist, I don’t know why Walmart’s been, because Walmart went and said that some of the things are passed one. They got blasted. The other guys seem to have learned don’t say that it’s passed on [laughs].”
8. McDonald’s Corporation (NYSE:MCD)
Number of Hedge Fund Holders In Q2 2025: 78
McDonald’s Corporation (NYSE:MCD)’s shares have gained 7.9% year-to-date as they have benefited from a bullish run that kicked off in late June. The shares have benefited as the firm caters to budget-conscious eaters, which enabled it to reverse a US sales slump that had weighed on the stock earlier this year. McDonald’s Corporation (NYSE:MCD)’s second-quarter earnings report saw the firm post $6.84 billion in revenue and $3.19 in earnings per share, both of which beat analyst estimates. Cramer discussed how value is helping McDonald’s Corporation (NYSE:MCD):
“When you complain to them, like I complained to them for the seven dollar and fifty cent egg McMuffin, you know what they came back and said? You’re right! It’s too expensive. We’ve got to lower the price. They are, I happen to think that Chris is terrific, and one of the things that Chris is responsive, he recognized that they raised the price too much, that’s what Costco did. The companies that are not conscious of it, or seem to be able to escape think that they’re okay.
“people liked, they really want. . .anybody who offer good value, I think McDonald’s is offering good value.”
7. Dollar General Corporation (NYSE:DG)
Number of Hedge Fund Holders In Q2 2025: 55
Budget retailer Dollar General Corporation (NYSE:DG) has benefited from inflation-ridden consumers as its shares have gained 46% year-to-date. The strong demand has also led the firm to raise its 2025 earnings per share guidance to $5.80 to $6.30 from an earlier $5.20 to $5.80. Cramer has discussed Dollar General Corporation (NYSE:DG) several times over the past month. Most of his remarks have centered on the US economy and the consumer to point out that higher spending at the firm’s stores means that consumers are driven by price constraints. He reiterated the viewpoint this time as well:
“Well look, last week you saw, that Dollar General, people liked. . . anybody who offer good value.”
Here are Cramer’s earlier thoughts about Dollar General Corporation (NYSE:DG):
“I mean I would say that if you default to the companies that have reported in the last 24 hours, actually not a bad bunch to default to, what you find out is that what are the American people doing? Well the American people are shopping at . . .Dollar General. . .And that is a sign that the American people do not feel very secure. And that’s something that Home Depot said, they don’t feel very secure. That is going to keep projects on the sidelines and keep people from spending the way that they would like.
“Yeah look, Dollar General is, a company that for some reason people thought had lost its way. They don’t understand if you’ve ever gone to one, you know that it’s a place where a lot of people feel they get good bargains.”
6. Five Below, Inc. (NASDAQ:FIVE)
Number of Hedge Fund Holders In Q2 2025: 55
Like its other budget peers, Five Below, Inc. (NASDAQ:FIVE)’s shares have also performed well this year. They have gained a strong 51% year-to-date, benefiting from several catalysts such as a massive 12% jump in May. Five Below, Inc. (NASDAQ:FIVE)’s shares soared after the firm raised its fiscal first-quarter revenue and earnings guidance, and analysts from Truist and JPMorgan raised their price targets for the firm. More recently, Five Below, Inc. (NASDAQ:FIVE) jumped by 3.2% as it raised its annual adjusted earnings guidance to a midpoint of $4.96 from an earlier $4.49. Looking at the raises, it’s clear that the firm is benefiting from higher foot traffic at its stores. Cramer agrees:
“Well look, last week you saw, that . . .people liked Five Below, people liked. . .anybody who offer good value.”
Here are Cramer’s previous thoughts about Five Below, Inc. (NASDAQ:FIVE):
“I mean I would say that if you default to the companies that have reported in the last 24 hours, actually not a bad bunch to default to, what you find out is that what are the American people doing? Well the American people are shopping at . . .Five Below. . .And that is a sign that the American people do not feel very secure. And that’s something that Home Depot said, they don’t feel very secure. That is going to keep projects on the sidelines and keep people from spending the way that they would like.”
5. The TJX Companies, Inc. (NYSE:TJX)
Number of Hedge Fund Holders In Q2 2025: 73
While The TJX Companies, Inc. (NYSE:TJX)’s shares have gained 14% year-to-date, they have still lagged other off-price retailers. Some of the sluggishness is due to the impact of tariffs on the firm’s business. However, more recently, The TJX Companies, Inc. (NYSE:TJX) appears to have put the impact of tariffs behind it. In its fiscal Q2 earnings report released in August, the firm beat analyst revenue and EPS estimates and increased its fiscal full-year EPS guidance to $4.52 and $4.57 from an earlier $4.34 and $4.43. Cramer believes that The TJX Companies, Inc. (NYSE:TJX) is benefiting from value-conscious consumers:
“Well look, last week you saw, that . . .people liked . . they loved TJX, anybody who offer good value.”
Previously, Cramer commented on The TJX Companies, Inc. (NYSE:TJX) business environment amidst inflation-constrained consumer spending:
“I mean I would say that if you default to the companies that have reported in the last 24 hours, actually not a bad bunch to default to, what you find out is that what are the American people doing? Well the American people are shopping at Ollie’s, and at Dollar Tree and Dollar General, and Five Below, and at TJX, and at Roth Stores. And that is a sign that the American people do not feel very secure. And that’s something that Home Depot said, they don’t feel very secure. That is going to keep projects on the sidelines and keep people from spending the way that they would like.
“That place is extraordinary. The bargains there are extraordinary.”
4. Zscaler, Inc. (NASDAQ:ZS)
Number of Hedge Fund Holders In Q2 2025: 60
Zscaler, Inc. (NASDAQ:ZS) is a software company that provides cybersecurity products and services. Its shares have gained 51% year-to-date, primarily due to a 16% jump in May. Zscaler, Inc. (NASDAQ:ZS)’s stock rose after the firm’s fiscal third quarter revenue jumped to $678 million and beat analyst estimates of $666 million on the back of what the firm attributed to strong demand due to AI. Here is what Cramer said about Zscaler, Inc. (NASDAQ:ZS)
“Alright so, let’s say you are bullish, let’s say other than PepsiCo you want to see what in the market may just go up because it’s strong. I want you to watch Zscaler because Morgan Stanley upgrades it. Now I’ve had them on multiple times, okay. Jay Chaudhry is a fantastic CEO. This has been the one that hasn’t missed. So, I always try to find, I tell people, even for my charitable trust, if you want to find out when the market’s going to turn, wait till you see a Hold to Buy that stabilizes and goes higher. It may take tomorrow to do it.
“. . .but, this is the probably the best example of what you could hope for, which is a really solid stock, up 40%. Now the one thing you’re fighting, in September people try to get. . .October, in October its legendarily the case, just legend the big mutual funds take profits. It’s really not like that. They take it in September. . .so it’s a little circular reasoning but I do want people to watch this name.”
3. Fortinet, Inc. (NASDAQ:FTNT)
Number of Hedge Fund Holders In Q2 2025: 46
Cybersecurity firm Fortinet, Inc. (NASDAQ:FTNT)’s shares have lost 18.8% year-to-date as they have lagged peers in an otherwise robust sector. The shares are in the red because of a massive 23% fall in August that followed the firm’s second-quarter earnings. Fortinet, Inc. (NASDAQ:FTNT’s shares were shunned as the firm failed to convince investors that it could deliver growth in its order pipeline for the rest of the year. Cramer mentioned a Morgan Stanley note that downgraded the stock to Underweight from Equalweight and cut the share price target to $67 from $78:
“And they [Morgan Stanley] also downgraded Fortinet. Now Fortinet missed the numbers so I don’t really care about that. . “
Here is what Cramer said about Fortinet, Inc. (NASDAQ:FTNT) after the firm’s earnings report:
“They missed big. Cybersecurity miss. We tend not to have any. They did a new iteration, no one was really excited about it. You can’t have a not great cybersecurity company, cause they’re all valued on amazingly high revenues.”
2. Intuit Inc. (NASDAQ:INTU)
Number of Hedge Fund Holders In Q2 2025: 105
Software-as-a-service stock Intuit Inc. (NASDAQ:INTU) is up by a modest 6.3% as it sheds all gains made in May’s 14% jump. The shares rose in May after the firm’s third-quarter earnings unleashed pent-up momentum in the SaaS industry, courtesy of an all-around solid beat. However, Intuit Inc. (NASDAQ:INTU)’s shares have lost 15.7% over the past month as the firm missed analyst EPS guidance for its first quarter. Cramer’s previous comments about the firm have called it a “savior” for the small business sector and maintained that businesses just don’t realize how important Intuit Inc. (NASDAQ:INTU) is until they start using the firm’s products. However, this time he commented on the firm’s SaaS business model and the prevailing business sentiment:
“No then Intuit, people are saying well this software-as-a-service model doesn’t work.”
Before Intuit Inc. (NASDAQ:INTU)’s latest earnings, Cramer was quite positive about the company. Here is what he said:
“And then a company that I really love. Intuit. Which has, if you’re a small businessperson, they’re your savior. And I think that people don’t know it until you start a business and realize I can’t keep calling my accountant they cost too much money. They’ve got really positive AI stuff too.
“TurboTax, right. QuickBooks. But what’s happened is this that the TurboTax AI has exploded. 47% growth I was looking for 20%.”
1. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders In Q2 2025: 156
Semiconductor designer Broadcom Inc. (NASDAQ:AVGO) is shaping up to be one of the most important companies in the AI race. The firm’s shares have gained 28.6% year-to-date as investors have remained bullish about its ability to cater to the demand for custom AI chips. Broadcom Inc. (NASDAQ:AVGO), along with Marvell, is capable of designing custom AI chips called ASICs, which can complement NVIDIA’s expensive GPUs in AT data centers. Cramer’s previous remarks about the firm have outlined that while some firms, like Amazon, believe that custom AI chips are worthwhile, NVIDIA continues to assert otherwise. Here are his recent thoughts about Broadcom Inc. (NASDAQ:AVGO):
“Then I come back to Ben Reitzes who recommended Broadcom today, re-recommended Broadcom, was Hock Tan, he is always saying you gotta skid away from SaaS, you can own regular software.
“The key one there is Broadcom and you’ve got to wait until Thursday but that’s Hock Tan. Hock is the best. He’s the toughest and best. That’s the one that would tell me that we can get a turn.”
Previously, Cramer discussed Broadcom Inc. (NASDAQ:AVGO), ASICs, and AI GPUs. Here is what he said:
“Broadcom is going crazy David, what is that. . .
“True but they also help make the ASIC . . .which was kind of slant, this is the alternative, the so called, let’s say the Trainium. . . but, they very specifically at NVIDIA, tell you that if you want to have a chip that does everything, come on you got to, you have to get the Blackwell.”
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