In this piece, we will look at the stocks Jim Cramer discussed.
In his latest appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the S&P 500 index’s concentration and the fact that 38% of the index consisted of big technology firms and a handful of other companies. Instead of agreeing with the view that this concentration was risky, Cramer pointed out that investors had the option to sell when the concentration was at lower percentages. He pointed out that the big firms tend to mark share price gains simply due to announcements, while other firms, despite their popular products, can go as far as to experience share price drops:
“Just to go back, another, I talked about this with club members this weekend, 38% of the S&P is now made of these stocks. And somehow that’s supposed to be, something bad? I mean you could have sold these when it was 20, 25, percent, 30, 35. It just doesn’t matter. These are the companies, that in the end, go up when they make an announcement. And a really great company like Kimberly-Clark, which never goes down, and Cleenex is a verb, noun, everything, David, goes down when they merge with a very good group of brands.”
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 November 3rd
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11. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders In Q2 2025: 235
OpenAI and Amazon.com, Inc. (NASDAQ:AMZN) created waves in the media after the former announced a $38 billion cloud deal for the latter’s cloud computing business. Cramer has regularly discussed the cloud business, called AWS, and in this appearance, he marveled at how the AWS narrative had shifted within a week:
“[On OpenAI’s Amazon deal] Five days ago Amazon was considered to be a, an also ran. That, Amazon Web Services was no longer, pitiful of a giant basically, versus everybody else. And now suddenly we discover, not only that after that great quarter that they just reported, where AWS was actually growing, 17 after 20 percent, well let’s just take the growth rate even up. David, this stuff is happening so fast, OpenAI is everywhere, there is an amazing Brad Gerstner, terrific interview with Sam Altman, Satya Nadella where. . .
“But did you notice the change in narrative from Amazon, they emphasized, over and over again, their own chip, until last week, where they said, listen we have a lot NVIDIA and we have a lot of our own chip, and then this is all about NVIDIA. . .it’s almost as if they’re saying, we’ve got the power. . .so if you want to take it back a week, a lot of these companies [inaudible] to being troubled. I mean NVIDIA we were worried about China. Amazon we were worried that they weren’t spending enough. And then Web Services was slowing down. Canard, just wrong. I mean Amazon just completely refuted that. The fair haired child was Alphabet, Alphabet not mentioned today.”
10. Kimberly-Clark Corporation (NASDAQ:KMB)
Number of Hedge Fund Holders In Q2 2025: 42
Along with OpenAI’s Amazon deal, Kimberly-Clark Corporation (NASDAQ:KMB) also made headlines after it announced that it would acquire household and personal products company Kenvue for $48.7 billion. Cramer discussed Kimberly-Clark Corporation (NASDAQ:KMB)’s CEO and the rationale behind the deal:
“But I gotta tell you, I love this deal. Okay cause where Kimberly is strong, they’re not. China. Where they’re strong, Europe, Kimberly is not. Kimberly has an understanding in data which shows that Tylenol has not been hurt by any of the problems that the government’s talked about. Remember it’s also just about pregnant women. The lawsuits, that are [inaudible], talc, to Europe, because that was carved off from JNJ. They don’t the same kind of punitive laws over there. They don’t have the huge damages. So that looked bad, it was almost like a poison pill. But it’s not that bad.
“David, they got attacked pretty heavily by Starboard, I know they had three members in the board. . .I mean to me, this is a company that should be, if it weren’t for the fact of RFK, the stock would be at 21, 22.
“They feel like they’re buying, they’re buying this gigantic legal hornet’s nest. And I come back and say that Mike Hsu, who by the way has a very good balance sheet at Kimberly’s, who’s done a lot of right things, had to really undo a lot of stuff, is getting an opportunity to become a much bigger company at a much lower price.
“I happen to think that, they walked me through this deal and I feel great about this deal if only just because they knew that their stock was going to get hit. They didn’t like think, well wait a second, our stock is going to trade up today. They said, listen, it’s going to be a long haul. But they’re creating something which is going to be much bigger that what the street likes right now. The street obviously doesn’t like Kimberly.
“I do think that you have Kimberly-Clark is becoming, suddenly it’s got that line of products that I love. We forget that these are amazing products, everybody has them at home. Your whole bathroom is filled with that stuff. . . .I like the deal. . boy I gotta tell you, I never thought I’d see it this cheap. Kimberly-Clark is one of the greatest brand names of all time and you’re seeing it at a price that basically rolls back years and years and years. I like Mike Shu, I think Mike Shu’s trying to make this company into a great growth company again. And he had to get rid of a lot of things, a lot of mistakes were made. The contracts that they had. The worst thing was that they were making, if you go to Costco’s, they were making Costco’s Kirkland Signature product competing against their own at a fraction of the price. I mean who does that, you can buy ours which we make and charge a dollar or you can buy theirs which we make and they charge 80 cents. I mean, Mike came in and he said, I gotta get out of these deals. They had to undo a lot of dumb things. Dumb.”
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