In this piece, we will look at the stocks that Jim Cramer recently discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer wondered whether President Trump wasn’t getting credit for economic growth. Trump’s Big Beautiful Bill has caught Cramer’s attention as the CNBC TV host believes that some of the bill’s provisions can help stimulate the economy:
“One of the things people are almost reluctant to say, there’s a, although Ken Langone may have given you the leeway, is that Trump has been pretty good for growth. He’s very favored, the things in the Big Beautiful Bill that are about R&D credits and about all sorts of ways that you can accelerate the capital cost to make it so you don’t have to pay as much income tax. These are all really, really bullish. The President tends not to speak about those because they’re kind of opaque. But you’re hearing bankers saying, look the atmosphere looks better. And we want to be more impressive, we are not seeing any loan losses. . .like I see the banks down, I say well remember they have been the hottest group. . .”
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 July 15th.
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. JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Holders In Q1 2025: 129
JPMorgan Chase & Co. (NYSE:JPM), the world’s largest private bank, reported its earnings on Tuesday. The results saw the bank report $5.24 in earnings and $45.68 billion in revenue, with the revenue beating analyst estimates of $44 billion. Cramer discussed JPMorgan Chase & Co. (NYSE:JPM) and its CEO, Jamie Dimon, in detail after the earnings:
“[When asked if JPM was the best of the bunch during earnings season] Right now, yeah. Now people are going to say Citi, no matter what. That’s just what they do. There’s a halo around Citi. I wanted to screw with a lot of the action stocks. I think JPMorgan is actually much better. It was up a couple of bucks when it started, uh, it’s just a clean number.
“Look you got a guy that runs JPMorgan. And you know he’s just a downer. Um, what’s he talking about. Independence of the Fed is critical, you know he wants to be a total spokesperson, uh, look I think, you know you’re worried about credit spreads, they’re not where they should be. No, I want a bank that lends. And JPMorgan lends. And I think that, I wish he’d just said that things are real good.
“[On Dimon saying that the Fed should be independent] Okay, absolutely, it is great that someone is saying it. It’s probably even a challenged position these days and I’m glad Jamie’s taking it. But when I look at the stock, when I’m as small as I am, in terms of looking at the stock, it was doing great in the morning. And it should be doing great, how about that. This was a great quarter. And Jamie comes in, and does what he has to do, to defend the institution of the Fed. . . .but the problem I felt was like, don’t distract yourself, do a speech later, your quarter was amazing. Just bask in it. Huge beat.
“It’s everything you want and the stock should be up three to four bucks.
“Like I’m looking at these banks. . .I’m looking at JPMorgan and I’m thinking, what do people want for heaven’s sake? You should be looking at its price-to-earnings multiple. And the price-to-earnings multiple of this machine that is JPMorgan is 15. Well, how can it be so much lower than a cereal company?”
9. Wells Fargo & Company (NYSE:WFC)
Number of Hedge Fund Holders In Q1 2025: 88
Banking giant Wells Fargo & Company (NYSE:WFC)’s shares have seen tailwinds recently as regulators removed restrictions on the bank that were levied after an accounting scandal. In his previous remarks, Cramer has discussed the bank and his CEO and expressed optimism about the direction that Wells Fargo & Company (NYSE:WFC) is heading in. He kept up the optimism after the bank’s latest earnings report:
“The Wells is really important. Because there are some things that people don’t understand. I spoke to Charlie this morning. Charlie Scharf, CEO. The issue with Wells is that they are actually transitioning to a bank that’s going to lend a lot more than just look for net interest income. And in order to be able to reposition themselves like that, you’re gonna see a drop in NII but they haven’t been able to lend the way they would like to, they haven’t been able to use capital they would want to. Now did he communicate this well enough? You know Charlie is, Charlie just says listen why don’t you just read it and figure it. out. I like Charlie very much but I think people are not gonna do that. They’re gonna say, oh, net interest income down, they’re not gonna listen what Charlie’s really saying which is the bank’s back. We are a lending bank, we are a trading bank. We are an investment bank. And we’re gonna use the money. We’re not gonna just have the money sitting there please Wall Street. I say amen, buy the stock.
‘He struggles to say that that the things are stronger. That the people, that it’s not weaker at all. I’m glad you mentioned best bank. Remember this guy’s in a difficult transition. In the sense that he just got this cap lifted of what he can do. So he’s focused on playing offense. Now the street wants defense. The street wants you to sit there and make money on the interest curve. And he’s saying, no, we’re not gonna do that. We’ve been waiting for the cap to end. Now we’re going to charge. Now let the stock come down if you want to I mean. Stock’s been the best performing. But one of the reason why it’s been the best performing is Charlie’s reinventing Wells into a machine. Now I think people forget that Wells used to be the premier bank with the highest price-to-earnings multiple. It’s also the Warren Buffett bank admittedly, and that’s no longer the case. But I’m thrilled with what he’s doing, it’s a very large position for our charitable trust and I just can’t wait to buy more.
“[On how WFS wants to make up for limitations on share] Carl, I don’t know why people don’t see that that’s happening. I think people just look at that one line they say sell, And, they should listen to what Charlie’s saying. Which is that we’re back. We’re no longer, we’re no longer constrained. We’re no longer restrained. I’ve been telling Charlie that he’s Prometheus unbound.”
