In this piece, we will look at the stocks Jim Cramer discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the recent surge in stocks that led to the Dow Jones Industrial Average (DJIA) touching a record high. Stocks surged after investors turned bullish on oil names following the US operation in Venezuela and a spree in bank stocks. Cramer described the rally and mentioned some of the sectors that performed well:
“I’m just gonna say good things about because it was led by the banks and it is like that when the banks lead things. But it was very spotty I mean if you looked at your portfolio, if the average person looked at the portfolio they would say, jeez, I don’t know, I’m not making a lot money. Maybe someone’s making a lot of money. It was very concentrated. It was not in a lot of the typical tech names. Some of these scattered industrials do really well.”
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 January 6th. We also provided hedge fund sentiment for each stock as of the third quarter of 2025, which was taken from Insider Monkey’s database of 978 hedge funds.
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10. Caterpillar Inc. (NYSE:CAT)
Number of Hedge Fund Holdings: 70
Heavy machinery manufacturer Caterpillar Inc. (NYSE:CAT) is a stock Jim Cramer consistently discussed throughout 2025. The CNBC TV host insisted that the firm had exposure to AI through its products that enable data center construction. As 2025 ended, Bernstein raised its share price target for Caterpillar Inc. (NYSE:CAT) to $630 from $557 and kept a Market Perform rating on the shares. It explained that the firm could benefit from the alignment between monetary and fiscal policy. In January, Bank of America kept a Buy rating on the shares as part of its preference for mining equipment providers over agriculture equipment providers. Cramer continued to assert the AI tailwinds for Caterpillar Inc. (NYSE:CAT) and explained how the firm’s Chairman Jim Umpleby has been crucial in shaping its business:
“I gotta tell you this, Caterpillar’s incredible. Because the more you dig into it, the more you say, even NVIDIA recognizes the role of Caterpillar. That company has so pivoted. David, there’s companies that we remember, that company’s at 56. I remember when Goldman downgraded, before it was at a 100. What happened is, that you had just a, Jim Umpleby came in, and said we’re done. We’re done with this episodic, we’re done with the idea that China, was it good, was it bad. What we’re gonna do is, return money to shareholders, we’re gonna grow the business, we’re gonna go into all new areas, because he was from solar, and it worked!”
“But I did think that his idea of making it so that it was a secular grower, that was something he said day one. I remember when I met him at lunch, I said, I don’t think you can do that. And he just said, well, you know what, there are a lot of doubters. He didn’t say like, just watch me. He wasn’t like that. He was not boisterous. He said, I have to do it, we have to end this stuff. And he pulled it off.”
9. The Goldman Sachs Group, Inc. (NYSE:GS)
Number of Hedge Fund Holdings: 75
The Goldman Sachs Group, Inc. (NYSE:GS) is one of the largest investment banks in America. Barclays started 2025 with a strong note for the firm as it raised the share price target to $1,048 from $850 and kept an Overweight rating. The bank explained that The Goldman Sachs Group, Inc. (NYSE:GS) could benefit from the same tailwinds in 2026 as it did in 2025. Cramer continuously discussed the bank in 2025 as he maintained that it benefited from the growth in M&A activity and the IPO market under the Trump administration. To wit, The Goldman Sachs Group, Inc. (NYSE:GS) ended 2025 on a strong note, with data from Reuters showing that it topped global dealmaking tables in 2025. The data showed that the bank advised on 38 of the 68 $10 billion+ deals in 2025. Cramer discussed The Goldman Sachs Group, Inc. (NYSE:GS)’s position in his trust and the bank’s valuation:
“It’s [inaudible] the largest position of my trust. . .yeah, and that’s all price appreciation, I’ve bought a ton of it. It was one of those things where there was this period, where people didn’t, let’s say you felt that Joe Biden was going to be reelected, he was an obstacle to them doing well because they’re an M&A house and there are IPOs. . .”
“But I would say that it was always a bizarre, low multiple stock, during this Biden era. I remembered it at 24 times earnings, 25 times earnings, it was at 16 times earnings, it was the best grower. It was at 16 times earnings, it was like, wow, I mean you get together with the Goldman guys, it would be like, wow, what are we doing wrong? And the answer was, the market was wrong. And I know that that doesn’t seem right to people at home, but they didn’t seem to understand the unique nature of the franchise. And Solomon’s done a terrific job.”
“Look I remember I brought in a guy who only had a million bucks. And my boss came in and says, why are you wasting this firm’s time? And they had people like who had like 25 dollars and they were late on their payments. I mean it was just a major mistake they did. He undid things that had been done two years before. And a lot of people felt that was foolish, and yet, in retrospect, what he did was bring the firm back the way it was.”
8. Bank of America Corporation (NYSE:BAC)
Number of Hedge Fund Holdings: 111
Bank of America Corporation (NYSE:BAC) is one of the largest banks in America. Its shares are up by 23.8% over the past year. As it did with other bank stocks, Barclays started 2025 with a strong note for Bank of America Corporation (NYSE:BAC) as well. It raised the share price target to $71 from $59 and kept an Overweight rating on the stock. Barclays’ upgrade followed similar action from Truist in December. The financial firm had raised Bank of America Corporation (NYSE:BAC)’s share price target to $58 from $56 and kept a Buy rating on the shares. Truist explained that the upgrade came after it upgraded the bank’s FY27 earnings estimate. Yet while Barclays and Truist cited optimism for Bank of America Corporation (NYSE:BAC), Morgan Stanley reduced the share price target to $68 from $70 in December due to a downward estimate revision. Cramer had recently commented that JPMorgan’s multiple was an insult to CEO Jamie Dimon. In this appearance, he shared similar sentiments for Bank of America Corporation (NYSE:BAC):
“Look, Bank of America, okay, that sells at 15 times earnings. I’m sorry that’s an insult to Brian Moynihan. 15 times earnings, they have a lot of technology, they’ve done a really good job, they keep adding accounts. And it sells at 15 times earnings. So you can buy that and have it go higher.”
7. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holdings: 234
NVIDIA Corporation (NASDAQ:NVDA) kicked off the year on a strong note after its latest announcement at CES. At the event, CEO Jensen Huang revealed his firm’s Vera Rubin AI computing platform and an AI storage infrastructure called NVIDIA Inference Context Memory Storage. Following the event, analysts reiterated their optimism about NVIDIA Corporation (NASDAQ:NVDA). For instance, Stifel reiterated a Buy rating on the shares and a $250 share price target. The financial firm commented that the chip company expects its backlog, which currently sits in excess of $500 billion, to grow. Along with Stifel, Piper Sandler also reiterated an Outperform rating and a $225 share price target, as it noted NVIDIA Corporation (NASDAQ:NVDA)’s valuation among other factors. The valuation has also been on Cramer’s mind, as in his recent comments, he has bemoaned that the firm has more intellectual property than the valuation would suggest. In this appearance, he explained how NVIDIA Corporation (NASDAQ:NVDA) is focused on AI and also commented on the share price movement:
“He’s got a list, Jensen, of the companies that are endorsing him. And it’s every single hyperscaler, that we always hear these reports saying that they’re not that interested. They’re all in. I would say, the most, the biggest takeaway I had, ten trillion dollars worth of traditional computing will have to be replaced. Ten trillion. Because we keep forgetting, we always talk about the chip. And now, yesterday, was about the software and hardware stack, that makes it so it can reason. And reasoning has been, until today, he was saying, that AI did compilations. Now they reason, inference. So you can have, that’s how you can, we’re going to get to it, you can reason with the robot, you can, this self-driving, he finally figured out, what he did when you were in his office, he had this continual loop of a car, over black ice. What matters there is that he was proving, that you do it on simulation. You don’t do it, you take a car out and smash it.
“And then he spends a huge amount of time on agentics. . .when he talks about agentics, what he’s saying is, look, these are as good as humans, if not better. . .people do not like this stock right now, the long knives are out. . .it’s a prove it situation, believe it or not. . .if you look at the way that the stock has traded, it’s prove it, then no prove it, prove it, no prove, we’re in the prove it phase. . .there are sellers at every single price and we’ve got to be aware of that. The notes were all positive today, it has the feeling that everybody that wants it, is in. And there’s always some clown which says he didn’t preannounce numbers. Which, by the way, he’s never done.
“You’ve got to understand, artificial intelligence, only half, it’s the accelerated computing and the ability to reason is Vera Rubin.”
6. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holdings: 115
Advanced Micro Devices, Inc. (NASDAQ:AMD) crossed Jim Cramer’s radar as he discussed AI chip giant NVIDIA. Along with NVIDIA, the firm also provides AI chips that are called accelerators. On December 22nd, Rosenblatt pointed out that server shipments confirmed Advanced Micro Devices, Inc. (NASDAQ:AMD)’s server CPU total addressable market estimates of $60 billion by 2030. However, in the same month, Trust had cut the share price target to $277 from $279 as it kept a Buy rating. The financial firm explained that Advanced Micro Devices, Inc. (NASDAQ:AMD) might suffer from some near-term headwinds affecting the AI buildout in the form of power and other constraints. As for Cramer, he has mostly been appreciative of the firm’s M Series products and gone as far as to suggest that market watchers had ignored Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa Su’s assertions about their performance. In this appearance, he discussed the memory chip industry:
“Oh, I mean Lisa’s got the really high performance. There’s absolutely terrific level of performance in this, the MI, the 500, but I don’t like the PC business that she has. Yeah, because of the memory. There’s just not enough memory and it’s kind of wrecked the pricing structure. David, the AI PC, I’m gonna say, not. . .”
5. Lam Research Corporation (NASDAQ:LRCX)
Number of Hedge Fund Holdings: 93
Lam Research Corporation (NASDAQ:LRCX) is one of the few American companies that make and sell equipment used in semiconductor fabrication. Its shares are up by a whopping 192% over the past year. December was an important month for the firm as it saw several analysts share their thoughts about the stock. For instance, UBS reiterated a Buy rating and raised the share price target to $200 from $175. The boost came after B. Riley had hiked the share price target to $195 from $180 and kept a Buy rating. B. Riley explained that the chip equipment provider enjoyed a strong market position due to its exposure to the memory market. Before the analyst coverage, Cramer had also expressed optimism in Lam Research Corporation (NASDAQ:LRCX). Mizuho also hiked the target to $200 from $170 and kept a Buy rating based on wafer equipment estimates for 2026. In this appearance, the CNBC TV host stressed the need for more capital expenditure, likely due to his expectations for the AI market:
“Like Lam Research, we need them to put up plants.”
4. Micron Technology, Inc. (NASDAQ:MU)
Number of Hedge Fund Holdings: 105
Micron Technology, Inc. (NASDAQ:MU) is one of the top-performing stocks in the semiconductor sector. Its shares are up by a whopping 247% over the past year. Micron Technology, Inc. (NASDAQ:MU)’s importance in the chip industry, underscored by the fact that it is one of the few firms capable of providing NVIDIA with the latest memory chips for its GPUs, means that analysts frequently discuss the firm. For instance, in December, Piper Sandler raised Micron Technology, Inc. (NASDAQ:MU)’s share price target to $275 from $200 and kept a Buy rating on the shares. The upgrade followed the firm’s fiscal first quarter earnings, which saw its revenue and EPS beat analyst estimates. More recently, UBS raised Micron Technology, Inc. (NASDAQ:MU)’s share price target to $400 from $300 and kept a Buy rating on the shares. UBS explained that the bullishness stemmed from the fact that AI enthusiasm had made DRAM an essential commodity. Cramer added that Micron Technology, Inc. (NASDAQ:MU) might have to expand production:
“Micron will put up plants, Micron’s bullish, bullish.”
3. Ford Motor Company (NYSE:F)
Number of Hedge Fund Holdings: 44
Ford Motor Company (NYSE:F) is a stock that Jim Cramer frequently discusses. The firm had to shift to hybrid vehicles in 2025 due to the Trump administration’s policies; a decision that came after the CNBC TV host had praised the hybrid business repeatedly. Ford Motor Company (NYSE:F) reported its latest sales figures on the 6th. The results saw the firm’s 2.2 million unit sales in 2025 beat all such figures dating back to 2019. The figures were a nice shift for the firm that had struggled with high costs last year. In December, Ford Motor Company (NYSE:F) revealed that it would take a $19.5 billion charge as it scaled back its electric vehicle production. The same month saw Evercore ISI raise its share price target for the firm to $14 from $12 and keep an In Line rating. Cramer discussed the impact Ford Motor Company (NYSE:F) CEO Jim Farley has made and the firm’s market capitalization:
“People underestimate the work that Jim Farley’s done. I remember when my daughter bought a Bronco, and I thought it was amazing. . .he’s a car guy. David, he’s not a financial guy, he’s a car guy and it’s starting to pay off. Now they took the charge, now he did love the EV, and that turned out to be, didn’t have the lift. And I always felt that, when you power, don’t forget you can always power your house if the electricity goes out, well I think I would like to take the F150 and leave my house.
“Remember there are a lot of people who felt, even Jim Farley said look it may not be a good time for us after they had that fire. . .but David I guess, when you come back to it, one of the things that I feel is difficult, is that Ford, is only a 53 billion dollar market cap. Should we be talking about a 53 billion dollar market cap when there are all these companies closing in on trillion?”
2. KB Home (NYSE:KBH)
Number of Hedge Fund Holdings: 31
KB Home (NYSE:KBH), like other homebuilding stocks, has also suffered in a high-interest-rate environment. The shares are down by 2.5% over the past year, but are up by 9% year-to-date. However, in December, KB Home (NYSE:KBH)’s shares had dipped by 10% after the firm’s fiscal fourth quarter earnings. The results saw the firm’s fiscal 2026 revenue guidance of $5.10 billion to $6.10 billion sit below 2025 revenue of $6.21 billion. After the results, Wolfe Research cut KB Home (NYSE:KBH)’s share price target to $56 from $63 and kept an Underperform rating as it pointed out that the firm’s gross margins could drop in its fourth quarter of fiscal year 2026. UBS also cut the share price target to $77 from $83 and kept a Buy rating and lowered its EPS estimates for the coming fiscal years. In this appearance, Cramer discussed UBS’ latest coverage of the stock, which saw it cut the share price target to $71 and keep a Buy rating:
“Alright David, you talked about what punches above its weight. And that’s housing, as well as Ford stock. Okay, this morning, jeez these research firms are taking aim at housing. . .And then, UBS. . .KBH, price target cut. This is a sign, again, rates are too high, rates are too high, and that’s because they were so low. . .it’s relative to where they were and you can’t buy starter homes. . . .these cannot get any traction, none. . .”
1. Lennar Corporation (NYSE:LEN)
Number of Hedge Fund Holdings: 63
Lennar Corporation (NYSE:LEN) is another homebuilding stock that has struggled. Over the year, its shares are flat, but year-to-date they are up by 15%. January has proven to be an important month for the firm after it sold a stake in its multifamily business to asset management firm TPG, which also committed an additional $1 billion. On the 7th, Citizens Financial downgraded Lennar Corporation (NYSE:LEN)’s shares to Market Perform from Market Outperform after the firm’s fiscal fourth quarter earnings report. The financial firm pointed to inventory clearance as the reason behind the pessimism, as it believes Lennar Corporation (NYSE:LEN) might have to wait for a couple of quarters before completely clearing its inventory. Cramer discussed UBS’ downgrade that reduced the rating to Neutral from Buy and tied it with interest rates:
“Alright David, you talked about what punches above its weight. And that’s housing, as well as Ford stock. Okay, this morning, jeez these research firms are taking aim at housing. . .And then, UBS downgrades Lennar. . .This is a sign, again, rates are too high, rates are too high, and that’s because they were so low. . .it’s relative to where they were and you can’t buy starter homes. . . .these cannot get any traction, none. . .”
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