On Thursday, Mad Money host Jim Cramer cautioned viewers about what may lie ahead once the 90-day pause on new tariffs comes to an end. While discussing the latest Consumer Price Index report, Cramer acknowledged that the numbers looked favorable, with inflation appearing relatively tame and even some categories experiencing actual price declines. He pointed to energy prices, saying, “The best, anything it touched energy, which is plummeting.”
READ ALSO: Jim Cramer Discussed These 12 Stocks and 10 Stocks on Jim Cramer’s Radar Recently.
“This is essentially an embargo. President Trump’s ecstatic that the tariffs are already taking in $2 billion a day. He’s thrilled that supposedly 75 countries are begging for something more reasonable than the 90-day pause when the 90-day pause comes to an end.”
According to Cramer, President Trump is “ecstatic” that these tariffs are already generating $2 billion a day in revenue and is thrilled about 75 countries “supposedly” asking for something more workable once the 90-day grace period concludes. Despite the seemingly positive revenue flow, Cramer expressed concern over the broader consequences. He pointed out that many Americans have yet to grasp the full impact of trade policies that have allowed foreign businesses to flood U.S. markets with inexpensive products, often pricing out domestic companies.
While many consumers embraced the lower costs, Cramer reminded his audience that it came at the expense of American jobs. “Now we’re going to have to pay a price. He stressed that consumers should be prepared to pay significantly more for a wide range of goods. He said that the additional cost largely will likely benefit foreign companies, which will hike prices in response to the tariffs imposed on them. He clarified his position by stating he is not a staunch advocate of free trade for its own sake. “No other country plays by the rules on trade, so we shouldn’t either,” he said but cautioned:
“We just have to be more thoughtful about this or we’ll end up doing more harm than good. Again, as someone who wants fair trade, not free trade, I am rooting for the president to pull this off, but not at the expense of great American companies that have done nothing wrong and are the best in the world.”
Our Methodology
For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 10. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.
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 Stocks on Jim Cramer’s Radar
10. RadNet, Inc. (NASDAQ:RDNT)
Number of Hedge Fund Holders: 29
A caller asked how Cramer felt about RadNet, Inc. (NASDAQ:RDNT) presently. In response, he commented:
“Well, okay, so RadNet is being hurt because when interest rates go up and people are thinking rates are going up now, unbelievably, it’s a high multiple stock and those do not work in this environment. So I’m going to have to say let’s take a pass on a company that was doing quite well, who it is still doing well, but the stock is not going to do well. So I say no to RadNet, I’m sorry.”
RadNet (NASDAQ:RDNT) delivers outpatient diagnostic imaging services and creates advanced imaging tools. Its work includes AI technology designed to improve radiology readings and assist in cancer detection. ClearBridge Investments stated the following regarding the company in its Q4 2024 investor letter:
“We added a new position in RadNet, Inc. (NASDAQ:RDNT), in the health care sector, which owns and operates freestanding diagnostic imaging centers. The imaging market is seeing secular growth from a shift in the site of care from the more expensive inpatient setting to freestanding centers like RadNet, which has both an attractive organic share opportunity and new construction and acquisition-based geographic expansion potential. AI applications also offer RadNet both an additional revenue stream and cost savings potential.”
9. Enterprise Products Partners L.P. (NYSE:EPD)
Number of Hedge Fund Holders: 29
A caller asked if Enterprise Products Partners L.P. (NYSE:EPD) was a stock to own in this environment. Here’s what Cramer had to say:
“Okay, now, people are selling this thing because they have a lot of ethane business. They have a lot of certain natural gas liquids that are really stalled right here. I say don’t worry about it. This is actually a fantastic chance to buy.”
Enterprise Products Partners (NYSE:EPD) delivers midstream energy services that include moving, storing, and processing natural gas, crude oil, NGLs, petrochemicals, and refined fuels. Cramer has not changed his bullish stance as evidenced by the comment he made on March 7:
“I think you have to have an energy stock in your portfolio. You have to. The best ones may be the . . Enterprise Partners is doing very well, EPD. I don’t know. There’s a lot of ways to make money down there.”
8. Energy Transfer LP (NYSE:ET)
Number of Hedge Fund Holders: 37
Looking to add a dividend stock to their portfolio, a caller inquired about Energy Transfer LP (NYSE:ET). Here’s what Cramer had to say:
“I’m going to give a twofer that I like, I like Energy Transfer and I like Pink who is also from Doylestown.”
Energy Transfer (NYSE:ET) operates a large network of pipelines and related infrastructure that move natural gas and crude oil through Texas, Oklahoma, and several other states. In February, when asked about ET, Cramer replied:
“Yes. ET is smart. I mean, look, you buy, this is the way you buy ET, just so you know, this is a pipeline company. You, you, you buy it by the percentage yield. So it’s got a 7% yield now, you buy some, 8, you buy some, 9, you buy some. That’s how you buy these stocks and I’m gonna continue to pound that that’s the way to do it.”
7. Peabody Energy Corporation (NYSE:BTU)
Number of Hedge Fund Holders: 41
A caller asked Cramer’s opinion of Peabody Energy Corporation (NYSE:BTU) and he replied:
“Okay, I’ve got to be careful because I wrote a piece for the club about a month ago saying that, you know what, I think he’s gonna bring coal back, we got to look at Peabody and it just didn’t work because coal prices have collapsed worldwide. So… we gotta be careful. It’s not going to make us money. I’m sorry.”
Peabody Energy (NYSE:BTU) operates in coal mining, handling the extraction, processing, and distribution of both thermal and metallurgical coal. It is worth noting that in January, Cramer commented:
“… Who’s the winner? It’s hard as the coal cohort is made up of companies that mine coal for steel production and others that mine coal for utilities. But the latter has been such a dog for so long that the US companies have tried to merge their way into steel-making coal and to lessen exposure in utilities. Peabody Energy and Core Natural Resources are the big ones. I think they’re cheap, but they trade more like steel companies than coal companies.”
6. Applied Digital Corporation (NASDAQ:APLD)
Number of Hedge Fund Holders: 42
When a caller asked about Applied Digital Corporation (NASDAQ:APLD), Cramer replied:
“No, it’s losing money and I got enough problems with companies that are winning and making money. I can’t go for the losers. I am sorry.”
Applied Digital (NASDAQ:APLD) focuses on building and operating digital infrastructure. It provides cloud solutions and high-performance computing for industries such as AI, machine learning, and cryptocurrency mining. Over two weeks ago, Cramer was asked about the company and he said:
“Losing too much money, not a good time. You can’t lose a lot of money in this tape. It just doesn’t work. I’m sorry. I know it’s a nice $6 bet, but I’m not going to do it.”
5. The Estée Lauder Companies Inc. (NYSE:EL)
Number of Hedge Fund Holders: 45
Noting that the stock is at an all-time high, a caller asked Cramer’s thoughts on The Estée Lauder Companies Inc. (NYSE:EL). In response, he said:
“No… Estee Lauder is one of the worst companies I’ve ever invested in. I don’t want you to do that. As a matter of fact, I got 499 others that I like more.”
Estée Lauder (NYSE:EL) is engaged in developing and marketing an extensive selection of products in skincare, makeup, fragrance, and hair care. Its brand lineup includes established names like Estée Lauder and Clinique. Last month on Squawk on the Street, Cramer remarked:
“And plus I mean, it’s just been a relentless, you know. .. Estee Lauder is probably one of the worst plunges I have ever seen in my career. This is a very challenged group and you got to be careful about cosmetics. . . .. But I want to stay away from cosmetics nine ways to Sunday. Anything cosmetics is just no place to be.”
4. Shopify Inc. (NASDAQ:SHOP)
Number of Hedge Fund Holders: 64
A caller asked if Cramer thought it was worth accumulating additional shares of Shopify Inc. (NASDAQ:SHOP) and here’s what he had to say:
“Better than ever. The Shop Master. I think it’s great. Harley’s great. I love those guys. I think you got a total winner. I would not trade, I would not move a share. Shopify, yes.”
Shopify Inc. (NASDAQ:SHOP) provides a platform that helps merchants sell and manage their products on different sales channels. It includes features for tracking inventory, handling payments, analyzing data, and getting access to funding. In March, discussing the company, Cramer stated:
“I’m stumped on that. You know why I’m stumped on that? Because the people who have come up with these rules about what we’re supposed to do have given us so little clarity whatsoever that I have no idea and I use Shopify all the time.
Actually, two members of my family have businesses with Shopify and we have no idea what to do. Why is that, you think. It’s because we’re being kept in the dark and you know why? Because I think you can’t post longer than a certain number of characters and you need about like 10,000 characters to understand what tariffs mean in Canada or Mexico. Sorry, the moment I get clarity, I’ll give you a buzz.”
3. The Coca-Cola Company (NYSE:KO)
Number of Hedge Fund Holders: 81
A caller asked what Cramer thought of The Coca-Cola Company (NYSE:KO) and he replied:
“I love that…. James Quincey is terrific. It’s got a good dividend. It’s really well run. It’s got an international presence… and it’s doing well in this environment. You have a winner.”
Coca-Cola (NYSE:KO) is a beverage company that offers a wide variety of nonalcoholic drinks. Its products include soft drinks, water, tea, juice, plant-based options, concentrates, and syrups for retail use. In February, Cramer said:
“… Sometimes companies can practically print money simply because they’re so well run. Take Coca-Cola. Under the steady hand of James Quincey, Coca-Cola has become a low-risk juggernaut with a solid dividend, definitely a stock that is worth owning.”
2. Snowflake Inc. (NYSE:SNOW)
Number of Hedge Fund Holders: 85
A caller inquired about Snowflake Inc. (NYSE:SNOW) and Cramer said:
“I like Snowflake. I like it. I think that, you know what, when I look at where that stock is now… they’re hitting a lot of the tech stocks. That may be a good one to be able to be in right now. God yes. It’s down the line. Went down $6 today. I pulled the trigger.”
Snowflake (NYSE:SNOW) offers a cloud-based data platform that helps organizations manage and unify their data to gain insights, develop applications, and address business challenges using AI. Burke Wealth Management stated the following regarding the company in its Q4 2024 investor letter:
“Snowflake Inc. (NYSE:SNOW): Chapter two of the Prodigal Son Returns features Snowflake. Snowflake’s return to the portfolio required some tangible progress on the product innovation front as well as an uptick in business momentum before I was ready to slaughter the proverbial fattened calf. To review, we sold our stake in Snowflake following its fourth quarter 2023 earnings release in which legendary CEO Frank Slootman announced his retirement and 2024 guidance came in significantly below expectations. While new CEO Sridhar Ramaswamy has an excellent reputation as an innovator in the technology sector, we needed to see some tangible signs of progress on that front as well as a stabilization in the core data analytics business before repurchasing the stock. That is what we got with the release of third quarter earnings. Consumption trends in the core business have stabilized and are improving while there are several exciting new product offerings around AI that have been added to the platform. We were early to Snowflake when we made our initial purchase in the summer of 2023. We subscribed to the belief that any companies seeking to implement AI solutions in their business will first need to make sure their data is both accessible and secure, which would drive tremendous demand for Snowflake’s platform. We still do. As we discussed in the agentic age portion of this letter, sometimes the path from installing the data center compute power necessary for generative AI and arrival of the applications necessary to unlock the productivity promises is not always straight. That said, while the path may be winding we remain confident in the ultimate destination. We think Snowflake is going to be a big player in helping enterprises get their data accessible and safely delivering AI solutions to that data, whether it be their own or from trusted partners, that will drive the productivity enhancing business insights that are the reasons for the hundreds of billions of dollars being invested in artificial intelligence.”
1. Pfizer Inc. (NYSE:PFE)
Number of Hedge Fund Holders: 92
A caller asked if Pfizer Inc. (NYSE:PFE) was a buy or not and Cramer remarked:
“Well, let me tell you something… right now, we have a government that is trying to figure out whether it’s going to tax the heck out of drug companies, raise tariffs outta drug companies or not. I can’t make a prediction anymore. It yields 8%. Normally I say fine, but you know what? Let’s say you decide, you know what, we need big tariffs on Pfizer. You’ll say, wow, I’m buying that stock at 18 rather than 21. So I’m going to have to say, pass.”
Pfizer Inc. (NYSE:PFE) focuses on discovering, creating, manufacturing, and supplying biopharmaceutical products. Its work covers areas such as heart health, infectious illness, cancer treatment, immune system conditions, and vaccines. On March 31, Cramer said:
“Is Pfizer dead money? I mean I think it’s been mummified. I don’t know. I mean it’s like, wow. Look at that thing. Close the casket… Alright, Pfizer is unfortunately dead money. Dr. Bourla’s a terrific guy… what can I say? He’s a terrific guy. He’s a terrific guy.”
While we acknowledge the potential of Pfizer Inc. (NYSE:PFE) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PFE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
Hedge Fund Resource Center