In this piece, we will look at the stocks Jim Cramer recently discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the rising investment services costs. The producer price index (PPI) data revealed that 20% of the July increase for intermediate services demand was due to a 3.2% jump in brokerage, investment advice, and other associated services. Cramer shared that it was possible that the costs increased due to rising asset prices and linked it with the higher inflation data and the outlook for interest rate cuts:
“Yeah, well I mean I think that’s the case, you can do that. At the same time, am I going to change my outlook because Blackrock is able to make a little more because they have more money under management? . . .I didn’t use to look through these things. I would just say, okay, that’s the data, the data’s better than my anecdote, I no longer feel that way. I think my anecdotal is more empirical than their’s is. And I think we’re discovering the flaws in the system, where many people are laid off, and the different divisions are not as accurate or as good as they used to be. I think that if we were to bring someone on here in pure candor, and say how did you get that freight number, how did you get that warehouse number, I think they would say I’m not really sure.”
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 August 14th.
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).
11. Coherent Corp. (NYSE:COHR)
Number of Hedge Fund Holders In Q1 2025: 61
Coherent Corp. (NYSE:COHR) is an industrial technology company that makes and sells products such as lasers and transceivers. Its products provide it with exposure to the AI data center industry. The shares have lost 10% year-to-date, primarily on the back of a stunning 19.6% drop in August. Coherent Corp. (NYSE:COHR)’s shares dropped after its fourth quarter earnings report raised concerns about the firm’s future growth prospects. Ahead of the earnings, the firm had announced that it would sell its laser business; a decision which made it guide fiscal first quarter revenue at a midpoint of $1.53 billion, which was below the analyst estimates of $1.55 billion. Cramer failed to understand why Coherent Corp. (NYSE:COHR)’s guidance missed the mark:
“[On revenue guidance] That was, beyond me. Because it was not your typical business that blew up.”
Fidelity Investments mentioned Coherent Corp. (NYSE:COHR) in its Q1 2025 investor letter. Here is what the fund said:
“The fund’s underperformance of the Russell benchmark came from both stock picking and industry selection, with our choices in industrials hurting most. Among individual stocks, a non-benchmark holding in Coherent Corp. (NYSE:COHR) (-33%) was the biggest detractor. The company manufactures networking and laser equipment for the industrial and electronics markets. In early February, Coherent reported Q4 2024 financial results that exceeded expectations, but its forward guidance came in substantially weaker than anticipated. This caused the shares to fall in February and March. We reduced the stake, but the stock remained a top 10 overweight as of March 31.”
10. Deere & Company (NYSE:DE)
Number of Hedge Fund Holders In Q1 2025: 53
Deere & Company (NYSE:DE) is an agricultural and construction equipment company. Cramer has discussed the firm several times on his morning show in 2025. Most of his remarks have revolved around Deere & Company (NYSE:DE)’s exposure to AI data center construction activity in the US and fresh legislation, both of which can act as tailwinds for the firm. The firm’s shares dipped by 6.8% in August after it narrowed its full-year outlook. Cramer discussed Deere & Company (NYSE:DE) in the context of AgCo:
“I do think that Deere, I thought that might be a bounce back. Because we had AgCo on last night. And AgCo was being very, very positive. . .but AgCo’s not as US-centric. It is a mystery to me that Deere’s down this much given the fact that inventories don’t seem to be a problem. And given the fact that AgCo, its principle competitor, just is crushing it, crushing.
“Deere has lost you more money by listening to Deere than almost any company I know. I mean, I once wrote up that I thought that Deere, if. they could just for once be proud of themselves and happy, but no they can’t. And I may suggest that the CFO, there are a couple of things that could really help. Xanax, I would take two, maybe three, don’t go for the Klonopin you’ll fall asleep in the middle of the call.”
Here are the CNBC TV host’s previous comments about Deere & Company (NYSE:DE):
“In May of last year, I told you that Deere was finally taking control of its own destiny, even if that might… take some time to play out. And in retrospect, that was a good call… Funny thing about Deere, while the stock’s roared over the past 12 months, the company hasn’t been putting up particularly good numbers… But even though the numbers have been hideous in absolute terms, Deere’s results have consistently come in better than expected. How’s it possible? Simple. This company is hostage to the agriculture market, which means their business rise[s] and falls based on factors that they’ve got, let’s say, no control over…
More important, the stock’s been roaring because crop prices, interest rates, and the dollar have finally started going in the right direction, at least from Deere’s perspective… If rates are headed lower, that’s phenomenal for Deere’s business… Plus, there are all long-term reasons to like Deere that never really went away. This company is still the king of farm equipment with best-in-class technology…
… Deere is now selling for 27 times earnings. That’s somewhat higher for a machinery company, considerably higher than the S&P 500 PE multiple, but I think you can justify it given the tech angle. Plus, Deere’s a cyclical stock, and the cyclicals always seem expensive near the bottom. It looks pricey because the earnings are at a very low level. But if crop prices can bounce and interest rates come down, Deere will be able to report much better numbers.
So here’s the bottom line: After years of trading sideways, this stock’s finally had a major breakout over the past 10 odd months. Even though Deere and markets are still in pretty rough shape, but the stock’s working because the company always had great execution, and the agricultural equipment business is turning around. That’s why I think its rally, so far, can be justified and why I think it will continue to run.”
9. AGCO Corporation (NYSE:AGCO)
Number of Hedge Fund Holders In Q1 2025: 27
AGCO Corporation (NYSE:AGCO) is one of the largest agricultural machinery providers in America. Its shares have gained 24% year-to-date to outpace peer Deere’s gains. Deere’s stock lost momentum in August after the firm reduced its full-year outlook. Cramer discussed AGCO Corporation (NYSE:AGCO)’s performance and commented that the firm was sending different signals about its health when compared to Deere:
“I do think that Deere, I thought that might be a bounce back. Because we had AgCo on last night. And AgCo was being very, very positive. . .but AgCo’s not as US-centric. It is a mystery to me that Deere’s down this much given the fact that inventories don’t seem to be a problem. And given the fact that AgCo, its principle competitor, just is crushing it, crushing.”
Previously, Cramer commented on whether AGCO Corporation (NYSE:AGCO) might have even more upside:
“What’s happening at AGCO, the big maker of agricultural equipment and precision ag technology? Quietly, over the past few months, this stock has rebounded from its April lows, and I’m wondering if it might have even more upside. When AGCO reported at the end of July, it delivered a much better-than-expected series of numbers.
Even though it’s still looking at steep year-over-year sales declines, didn’t matter. What matters is that it’s beating expectations. It delivered a 27-cent earnings beat off a dollar-o-eight ($1.08) basis while also raising its full-year forecast, which is why the stock jumped more than 10% in response. While it’s pulled back a bit since then, it’s up 55% since its April lows.”
8. Toll Brothers, Inc. (NYSE:TOL)
Number of Hedge Fund Holders In Q1 2025: 59
Toll Brothers, Inc. (NYSE:TOL) is one of the largest home-building companies in the US. Its shares have gained a modest 5.3% year-to-date as the firm continues to struggle in a high interest rate environment. Cramer’s previous comments about Toll Brothers, Inc. (NYSE:TOL) have been hopeful as he believes that it is the right stock to be in due to tax cuts for people able to buy million-dollar homes. He kept up with the optimism this time around as well:
“Toll Brothers is at nine times earnings, that’s the one you wanna be it. I think they’re doing quite well. Doug Yearley would tell you they’re doing very well.”
Cramer believes that Toll Brothers, Inc. (NYSE:TOL) is a great stock to have due to its clientele:
“Now that we’ve identified the distinctly counter-trend rally, one that could last for a bit of time, let’s consider what the best breed of those industries are, so maybe we can do some buying still. Housing, we’re going with Toll Brothers, which had a magnificent quarter and is so well run by Doug the Bomb Yearley that I see no reason to stray from this high-end home builder. There’s something soothing about buying a company that makes million-dollar homes when the people who can afford these homes just got an enormous tax cut.”
7. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders In Q1 2025: 106
ServiceNow, Inc. (NYSE:NOW) is a software company that enables companies to manage and analyze their daily operations. Its shares have lost 15% year-to-date as Wall Street shifts its focus to AI-focused software companies and shuns enterprise software providers. One key factor that has driven ServiceNow, Inc. (NYSE:NOW)’s shares lower is its per-seat model, which can be disrupted by AI. Cramer has defended the firm’s AI-exposure in his previous comments, and he asserted that ServiceNow, Inc. (NYSE:NOW) could help the US government with producing accurate inflation and labor market data:
“You gotta outsource this. You’ve got to give this to ServiceNow. It cannot be done by the government. . .You can’t have the revisions like we had in employment and think there’s any substance. . .
“I think that it would be aplomb to handle that business. I think that it would be great bragging rights. I also think a guy like Bill McDermott, great American, he’d just say listen, we’ll take it on. We’ll do at cost. McDermott would do that, ServiceNow, I mean. ServiceNow by the way being hurt by this Melius thesis, Ben Reitzes thesis, that AI is eating software. Which the judge talked about extensively yesterday in a very good roundtable. Very good roundtable.”
Previously, Cramer asserted that ServiceNow, Inc. (NYSE:NOW) is still a great long term AI play:
“Okay, ServiceNow short term is being hurt by a call out of Melius, and that’s by Ben Reitzes, who was saying that these software as a service companies are going to be under pressure because their seat models can be hurt by AI. I think, longer term, ServiceNow has really good AI, and it would not be a stock that I would want to bet against. So, ServiceNow, longer term, I think is fine. Shorter term, I think it’s going to be under pressure.”
6. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders In Q1 2025: 57
International Business Machines Corporation (NYSE:IBM) is one of the largest enterprise computing companies in the world. It provides hardware and software to businesses and is also a key player in the quantum computing industry. Cramer’s previous comments about International Business Machines Corporation (NYSE:IBM) have praised the firm, particularly with regard to its lead in the quantum computing industry. The shares have gained 8.9% year-to-date but have lost 15.9% over the past month. International Business Machines Corporation (NYSE:IBM)’s shares have lost ground recently after its second quarter earnings saw software revenue miss analyst estimates. Cramer continues to believe that investors are punishing the firm a bit too hard, as he briefly remarked:
“IBM is down too much, by the way.”
The CNBC TV host discussed International Business Machines Corporation (NYSE:IBM) in detail after the quarterly results. Here is what he said:
“Okay, I didn’t think IBM’s quarter… was all that bad at all. I think you have a major opportunity down here because I think that we’re going to start talking about IBM and quantum. I think they have the lead in quantum, and I think quantum really does matter. They have a great software package. They’re doing so many things that are good.
Against that, let me tell you what’s really going on. The chart’s bad, and people are saying it’s a head and shoulders. Now, you and I both know there comes a time when you have to step in if the fundamentals are right, and I think we’re there, okay.”
5. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders In Q1 2025: 140
Salesforce, Inc. (NYSE:CRM) is a software company known primarily for providing customer relationship management software. Its shares have lost 8% year-to-date on the back of a 32% dip since late January. Salesforce, Inc. (NYSE:CRM)’s shares are down because, like other enterprise software firms, investors are worried about its long-term software revenue in today’s AI era. In his previous comments about the firm, Cramer has defended Salesforce, Inc. (NYSE:CRM) and cited hope in its CEO, Marc Benioff. He maintained the optimism this time around as well:
“Look I think that we’ve all seen that enterprise software, which had been the hottest area if you were a venture capitalist, has just been blown up. The question is, I have a position for instance in Salesforce. I am still a believer in Marc Benioff, going into Dreamforce this year. But if you look at the stock, the stock looks very much like when Mallory went down into the big crevice off of Everest. Never found him. That was bad.”
Cramer’s previous comments about Salesforce, Inc. (NYSE:CRM) also followed this tune:
“. . .and I think that people should recognize that these companies are all being viewed as, let’s say carrion, because what’s happened is this that you can develop your own stuff that is better. Now Marc Benioff is doing some pushback on that by the way, he’s saying that if you’re doing process stuff, you’re not going to be able to, maybe creative, that would be Adobe. But not, Salesforce. So Marc’s pushing back Salesforce. . .”
4. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders In Q1 2025: 159
Apple Inc. (NASDAQ:AAPL)’s shares have reversed tack recently as the firm appears to have smoothed over its friction with the Trump administration. The firm announced a $100 billion additional investment in the US earlier this month, and the shares have gained 13.8% since then. Cramer discussed Apple Inc. (NASDAQ:AAPL)’s shares adding 30 dollars to their value in ten days:
“Well we’ve got a lot of exciting things that people are talking about. About the release perhaps of new AI powered products. Uh, smart home push, including robots. Life like version of Siri, well that would certainly be helpful. Smart speaker with display and home security camera. I don’t know, home security is something that people want but the main thing here is that if we get robots and they’re not from Musk, they’re from Apple, I think we’d be very interested in that.
“I think that the reports of Apple’s death are widely overblown. . . .NVIDIA and Apple, own it don’t trade it. I reiterate that at my new conference. I know it’s boring but it’s also been a very good, thank you Jason Gewirtz who told me I was up 1,400% on Apple. Some crazy number, but that’s because I said own it don’t trade it. Lot of guys wanted to come on and they’ve traded it like whamma jamma.”
3. On Holding AG (NYSE:ONON)
Number of Hedge Fund Holders In Q1 2025: 53
On Holding AG (NYSE:ONON) is an athletic apparel retailer whose stock has lost 18% year-to-date on the back of investor concerns about the broader retail industry. The shares dipped by 8% last week after Tapestry warned that it expected tariffs to hit its profits. Cramer discussed the movement in On Holding AG (NYSE:ONON)’s shares and warned that he might have been too bullish about the firm previously. Here is what he said:
“A lot of the apparel stocks are down off of Tapestry. I’ve got to tell you, I mean Ralph Lauren is too. But the one that I’ve been watching is On Holding. I thought On Holding had a good quarter. I’ve been either disabused of that notion or perhaps I’ve been too bullish about these guys. If ONON is not doing as well, then you have to start thinking about Nike again. “
Here are his previous comments about On Holding AG (NYSE:ONON):
“One of my favorite companies is On Holding. Now it has been stuck in a holding pattern. They reported very good numbers today, the stock was initially up seven, now it’s down. There’s a substantial short position, the shorts have been winning in this battle. I think Roger Federer in the end wins. But it is a very contested group.”
2. NIKE, Inc. (NYSE:NKE)
Number of Hedge Fund Holders In Q1 2025: 81
Popular athletic apparel provider NIKE, Inc. (NYSE:NKE)’s shares have gained 27.3% since late June. The shares rose after the firm reported its fiscal fourth quarter earnings, which beat analyst revenue and earnings estimates. The beat was crucial as it provided investors with optimism about NIKE, Inc. (NYSE:NKE)’s turnaround strategy. Cramer has previously speculated that the firm is making a comeback. However, athletic retailer On Holdings’ recent dip made him question this conclusion:
“A lot of the apparel stocks are down off of Tapestry. I’ve got to tell you, I mean Ralph Lauren is too. But the one that I’ve been watching is On Holding. I thought On Holding had a good quarter. I’ve been either disabused of that notion or perhaps I’ve been too bullish about these guys. If ONON is not doing as well, then you have to start thinking about Nike again. Now I think Nike, Elliot Hill, clearly doing a fantastic job. I was hoping they’d take out more costs, because everybody needs to take out more costs, but as these others go down, I have to wonder whether Nike isn’t really back.”
Cramer was quite bullish about NIKE, Inc. (NYSE:NKE) in his previous comments:
“I also by the way think Nike’s making a comeback. But I know that when you go and you think sneaker, it’s always been a tough run. But these guys are a 16 billion dollar [inaudible] I like them. I really do. I like them.”
1. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders In Q1 2025: 273
Meta Platforms, Inc. (NASDAQ:META) is the largest social media company in the world. Its shares have gained 28% year-to-date on the back of strong advertisement performance and aggressive AI capital expenditure. Cramer is a fan of the firm’s smart glasses, and he also believes that Meta Platforms, Inc. (NASDAQ:META) needs to reshape its communications about AI capital expenditure. He heaped praise on the glasses in his latest comments about the firm:
“But I love our tech so much. I just think our tech is really, I mean our tech is equivalent of you know like Zuckerberg. Meta. I mean he’s unbelievable. . .I love the sunglasses, I’m bringing them on my trip. . . they, well you can look at a plant and say what is that? What am I looking at? And it works. . . it tells you exactly what it is.”
In a recent appearance, Cramer discussed Meta Platforms, Inc. (NASDAQ:META) in detail. Here is what he said:
“Next best, Meta Platforms. I’m agog at the numbers that Mark Zuckerberg’s putting up. The most important one, not even talked about on Wall Street enough, 3.5 billion people use at least one Meta product each day. Come on, that’s almost half the planet. That’s insane. The company’s printing money, which is why it can go into the equivalent of free agency and hire incredible talent. It doesn’t even matter. You can’t even see it in the margins.
You know that if you advertise with Meta, the ads have more reach than anyone. They’ll even design the ad for you, and it will most likely outperform any agency-built ad, although they don’t knock the agencies in the conference call. Meta even has businesses it hasn’t even begun to monetize, because I think it’s so busy monetizing others. Who even knows… how much WhatsApp is worth. Mark talks about the Ray-Ban glasses as the best format for pretty much everything, Facebook, Instagram, WhatsApp, and everything else that they have, including AI.
… I gave everybody a pair… I think that these things are so darn cool, and they, you know what? I never thought they could move the needle, but after this conference call, now, I’m not so sure. They could be real profits here for this company. Like Microsoft, Meta is buying a huge number of NVIDIA chips for its AI offering, Meta AI. I don’t use it much, but you know what, after the conference call, I’ll probably add it to the roster.”
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