During the most recent episode of Mad Money, Jim Cramer opened with a candid admission about the current state of the stock market, expressing frustration at how poorly it’s doing its job of price discovery:
“This market struggle was something real basic. It’s just not doing a good job of valuing stocks, which is exactly what a market’s supposed to do. In fact, it’s valuing them wrong so often that I think it creates a ton of confusion. And that’s a real shame because this action is people getting fed up with the stock market. Again, you can feel it. I know. And just when we’re seeing some very good gains from a host of sectors, people say bye-bye, I can’t take it. That’s what I’m moping about.”
He then criticized the market’s short-sighted skepticism around AI infrastructure investments, pointing to Nvidia’s rebound and Meta’s massive energy commitment as signs the market still misunderstands what’s coming:
“The market remains way too skeptical of the need for more AI infrastructure. […] You don’t sign up for 20 years’ worth of nuclear energy […] because you think the data center is dead or dying a slow death.”
Finally, Cramer pulled the thread back to what he sees as the real root of the problem, that is how short-sellers have re-emerged with confidence thanks to Trump’s unpredictable social media outbursts and market-moving statements:
“The short sellers aren’t in charge, but they have a lot of firepower and a lot of conviction. […] They figure they can’t lose as long as Trump’s in the White House. […] But the bottom line: these short sellers, they’ve grown way too confident. And today, we found out they can lose big — because lots of businesses are doing great.”
Our Methodology
For this article, we compiled a list of 11 stocks that were discussed by Jim Cramer during the Mad Money episodes that aired between the 27th and 31st of May 2024. We then calculated their performance for the past 12 months, until June 4th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q1 2025 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.
Please note that this article mentions Jim Cramer’s previous opinions and may not account for any changes to his opinions regarding the stocks that are mentioned. It is primarily an examination of how his previously provided opinions have panned out.
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. Yelp Inc. (NYSE:YELP)
Number of Hedge Fund Holders: 26
In that older episode, a caller wondered whether Yelp Inc. (NYSE:YELP) could benefit from the AI trend by monetizing its extensive archive of user-generated reviews, much like Reddit or Getty Images had begun to do. Cramer pushed back on the idea at the time, voicing doubts about Yelp’s ability to capitalize on such a model. He replied with:
“But they don’t have earnings momentum and I don’t want to key on that by the way… Getty Images… it’s not been a good run there either… I’ve got to be very careful about what I think can do better and not from AI and I’m going to say that Yelp’s in the not category.”
Cramer was right to be skeptical as the stock only gained +1.99%.
Yelp Inc. (NYSE:YELP) is a crowdsourced local business review platform that connects consumers with restaurants, services, and retail businesses across the United States through user-generated content and advertisements.
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