In this article, we will take a detailed look at 10 Stocks on Jim Cramer’s Radar These Days.
Jim Cramer in a latest program on CNBC talked about the latest trends in the AI data center industry and said that based on reports from some of the leading companies, there is no slowdown in demand:
“Now that earning season is well underway, we’ve heard from a bunch of companies connected to the AI data center theme, and you know what? They’ve been putting up pretty darn good numbers. It’s almost like there was never anything wrong with the AI infrastructure story in the first place.”
Cramer then talked about several major AI companies and said that most top firms are seeing strong demand for data centers. He believes Satya Nadella-led tech giant slowed down its AI spend amid its “breakup” with OpenAI.
“Wall Street’s become very skeptical, and I don’t think that’s really changed. But looking at what we’ve seen so far this earning season, I’m feeling much more sanguine about the story, especially if we get some more trade war de-escalation from the White House and stocks stay as cheap as they are. And man, are they ever cheap.”
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In
For this article, we picked 10 stocks Jim Cramer recently talked about during his shows on CNBC. With each company, we have mentioned its latest hedge fund sentiment. 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. Foot Locker Inc (NYSE:FL)
Number of Hedge Funds Investors: 27
Jim Cramer in a latest program on CNBC commented about Foot Locker:
“Foot Locker reported a terrific quarter, much better than expected, as CEO Mary Dillon’s turnaround plan takes hold, aided by Nike’s attempts to repair its relationship with actual shoe stores. Nobody cared too much under the previous CEO. Nike didn’t really care for Foot Locker; they wanted more of an emphasis on direct-to-consumer. It was stupid, and that didn’t work out. But Elliott Hill, the new CEO, is working very closely with Foot Locker. It’s a new Foot Locker. But people were way too gloomy to even notice the same-store sales improvement this morning. That doesn’t make sense. I think it’s a genuine winner. I can go on, and yes, despite all these positives, the stock only gained 89 cents because things are being valued incorrectly.”
9. Albemarle Corp (NYSE:ALB)
Number of Hedge Funds Investors: 35
Jim Cramer was recently asked about Albemarle Corp (NYSE:ALB) during the Lightning Round segment of his program. Cramer recommended investors stay away from the stock.
“I can’t go with it. I can’t go. I’ll tell you why I can’t go with it—because in the end, we forgot about EVs. I mean, we’re pretty sure we’re going to be buying gas guzzlers. I want to stay away from that one, but so does everybody else. That’s the only problem.”
The London Company Large Cap Strategy stated the following regarding Albemarle Corporation (NYSE:ALB) in its Q2 2024 investor letter:
“Exited: Albemarle Corporation (NYSE:ALB) – Sold our remaining position in ALB after the stock triggered our soft stop loss review. We are concerned that weaker demand in the US for electric vehicles coupled with greater than expected supply of lithium reaching the market may lead to declining lithium prices. This will likely lead to lower cash flow generation in the years ahead, which weakens the downside protection case for the stock.”
8. Ford Motor Co (NYSE:F)
Number of Hedge Funds Investors: 36
Jim Cramer in a latest program said that Ford Motor Co (NYSE:F) previously looked like a cheap stock because of its low PE ratio but it has lost its allure because of the potential tariff impact.
“Their future earnings are in grave danger. Turns out Ford and GM could be ridiculous value traps. While the president thinks these tariffs are a great way to create jobs in America, they’re going to put our automakers at a severe disadvantage to Nissan, Toyota, Mazda, Subaru, and Honda, along with Kia and Hyundai. A 25% tariff on imports from Mexico is basically a subsidy for those companies.”
7. BlackRock Inc (NYSE:BLK)
Number of Hedge Funds Investors: 37
Jim Cramer in a latest program on CNBC said his charitable trust owns a stake in BlackRock Inc (NYSE:BLK) and he believes the stock has more upside potential amid Trump’s infrastructure plans.
“We own BlackRock for the charitable trust. Oh, it’s been a complete… It’s been trying to crack into infrastructure, but it hadn’t really done anything. Well, wait a second, CEO Larry Fink had a brilliant idea. Trump wants to take back the Panama Canal. You know, there are ports on either side, and they’re owned by a Hong Kong-based company that were for sale. Well, Fink wanted them. The company CK Hutchison wanted to sell these two and others. Why not buy them, put them in through that new infrastructure portfolio that Fink bought? Others had the same idea, but Fink got those properties, and now he has the premier infrastructure product in the world. Trump obviously loved the deal. These BlackRock shares… what do they do well? They’re still down 5% for the year and way below where the company traded after its last good quarter. It’s ridiculous. I think BlackRock stock is worth much more than it’s selling for. We’re buying for the trust.”
The London Company Large Cap Strategy stated the following regarding BlackRock, Inc. (NYSE:BLK) in its Q3 2024 investor letter:
“BlackRock, Inc. (NYSE:BLK) – Shares of BLK rallied during 3Q as organic growth improved sequentially. Our long-term view of BLK has not changed. In the near-term, strong equity market performance is supportive of AUM and fee growth, and, visibility on declining interest rates is a potential tailwind to the fixed income ETF business. We continue to view BLK as a long-term share gainer with a broad spectrum of solutions, and we appreciate the strong balance sheet and steady capital return.”