In this piece, we will look at the stocks that Jim Cramer recently discussed.
In his latest appearance on CNBC’s Squawk on the Street, Jim Cramer discussed how inflation had created two economies in the US. As he discussed high prices at Chipotle, co-host David Faber pointed out that he ate at Sweetgreens every week and $16 meals at the restaurant, along with $15 meals at CAVA were just too expensive for some people. In response, Cramer shared his take on the US economy:
“And that’s why I say it’s two economies. And, you may think that Dollar General doesn’t really offer a great bargain when you look at the actual size of the things, but America’s, America’s bifurcated right now. And there’s a lot of people who feel I’m not paying X, I’d rather pay half. That cuts in favor of the President, and against that is the idea that we have amazing employment. Amazing.”
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 28th.
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. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q2 2025: 235
The end of August is seeing some investor jitteriness when it comes to NVIDIA Corporation (NASDAQ:NVDA)’s shares. After the stock failed to close higher following its fiscal Q2 earnings report, the shares lost more than 2% on Friday after Chinese technology giant Alibaba unveiled its AI chips. Cramer commented on NVIDIA Corporation (NASDAQ:NVDA) after its earnings report and discussed it in quite a bit of detail:
“[On H20 comments in the call] Look I think that was the most opaque moment on an otherwise terrific conference call because it’s up to two different governments. A lot, for some of the numbers that you saw that they allegedly disappointed, is because they did have something in for China and there was nothing in for China. Look I’m not, China’s not a side show, it’s very, very important. Because you’ll buy the stock at 190 if it comes out today what they’re gonna do. But David, I think the, I wanna posit something that kind of, I think will help viewers at home. When we saw Microsoft, go to four trillion, we said, fine, it’s software, that happens. In the old days when we saw Exxon become the number one company, well that’s oil, that’s what happens. At one point we had Merck, okay that’s pharma. Right now we have to accept the fact that this is hardware, with a software component, and it’s changing the world, and the most important number is that they’re talking about a total addressable market that’s going to triple in the next four years. If that’s the case, then revenues could triple. And then you’d say, well, even though it’s hardware, this is the greatest growth story ever told.
“Blackwell was 17% sequential, that’s 4.9 billion dollars added off of 28 basis, okay, that’s bad [sarcasm]. That’s one.
“These are not pieces that they’re making. You can’t make them and say, you know what, let’s make another billion pieces. You can’t just, that stuff is hard to make. Everything was sold out, everything.
“[On finished goods inventory being up] All sold. All sold. Well because you can’t, these are things you can’t just ship like this. Now you know that when you hear that they talk about CoreWeave, which is by the way up six because CoreWeave is going to be the one that has the ability to put them in. If you listen to Sridhar Ramaswamy, we’ll get to that with Snowflake, he would tell you, look, you can’t just say, you know what, send me a couple of Blackwells, you have to send the Blackwells first to, uh, in this case Azure, and then, you can worth with Azure on behalf of the customer, and it’s very hard for people to figure out, actual demand, other then the fact that Azure will take everything they can get. And that matters to me. Now Wolfe asked a very important question, which is that, listen if there are only two companies that are buying everything they can, well, when one wins then isn’t that the end? And of course in this conference call they talked about the vast multitude of companies that want these. But CoreWeave is just the quickest to [inaudible] because they’re very close to Michael Intrator, and he knows how to assemble, he’s the CEO of CoreWeave.
“[On three customers accounting for 29%, 19%, and 14% of accounts receivable] Well, there are probably seven or eight customers that would like to be, but you can’t, you don’t give the smaller guys, you don’t give, sovereign AI could be really big, but you don’t just say, you know what, I’m going to go shaft Azure and I’m going to give it to, uh, Iceland. I like Iceland.
“[On whether Blackwells could go to China with the White House getting a cut of the sales] No, they’re not going to do Blackwell, there’ll be something that’s less than a Blackwell. I think that, again this comes back to who do we want to have, determines right, and it’s really confusing. Who do we want the developers to write on to take advantage of it? Jensen did say, look, the Chinese have more writers than we have, we really want to try to control this. It would be great if we controlled this.
“[On no China sales or guidance] No, and that was part of the so-called disappointment. But, David, I would tell you that if you are trying to game your model, like these guys do, and today you see Jensen at the White House, he’s not there but I’m just saying let’s say I’m positing that, well then you think that it’s going to happen, then you’ll say, wow I sold it at 178 last night, I guess I got to get back in.
“You’re creating a factory, these AI factories, okay, that’s one thing, it was a theme throughout, which is that that’s like an Eli Lilly needs a factory to be able to put together all the different studies of GLP-1 and come up with a right molecule. That’s number one. Two, you want to build a ship, well you need to have an AI factory to get the ship right. I thought the most important thing, that Jensen was talking about, was that the next generation, the GB300 which CoreWeave’s putting together, and Vera, Vera Rubin, is, that we’re now in the age with long thinking. And long thinking means, you’re not, like right now you put something into a prompt, right, tell me everything you know about the Mets beating the Phillies, you know and it comes back with like, well this guy won three in a row, he’s never done. . . now what it’s saying is I wanna figure out, we’re taking a case. . .give me all of the things I can say in defense of Lisa Cook, and it’s going to be better than most lawyers. And it’s going to be better, than most. lawyers. And then you can have a long thinking discussion with Vera Rubin that will be better than talking to any associate that you pay a huge amount of money for. And that is what’s happening. That long thinking was the most important term that Jensen used.
“But I think the long thinking was really important, and then, a discussion that Collette Kress, whose just this amazing CFO, talked about which is that a lot of the next generation is robotics, so it’s long thinking, robotics. We’re all going to have robots, now that’s something that Amazon has talked about, but it’s happening soon. If you get the total addressable market of the gigantic addressable market, that involves, remember we’re talking about the three, four trillion dollar opportunity, by 2030, that’s because you’ll have a robot.
“When I felt that there was no chance whatsoever about China, Jensen came on Mad Money and said, listen, we have it.
“I wish he hadn’t said Blackwell, I think that there are people within the White House, who are saying, listen, we really have to be careful with what we give them. I think the China hawks are relentless that Jensen’s a globalist. . . But Jensen has said, no, listen, not only am I not a globalist, but we are going to make the Chinese work on our platform. Almost jingoist, not globalist.
“[On inventory being higher 93% year-over-year] No it’s absolutely right David. It’s just that when I talk to the company about that . . .[they say] listen, what can we tell you Jim? We’re making everything we can and everything’s sold. And I don’t know what to say.
“And as I said on Twitter, go ahead, sell it and go buy some T-Bills. Please, please buy T-Bills. I want you out of this darn stock.
“But I’m just trying to say, you’re either skeptical, that Collette Kress, one of the great CFOs, is not necessarily being as, you know is painting a very rosy picture of sales. Or you can say, as I do, as someone who, needless to say, liked the stock early, maintaining my faith in the company and I’m saying, own it, don’t trade it.”
10. CoreWeave, Inc. (NASDAQ:CRWV)
Number of Hedge Fund Holders In Q2 2025: 29
CoreWeave, Inc. (NASDAQ:CRWV) provides computing resources to the AI industry. Its shares, rather ironically, closed 6% higher the day after NVIDIA’s earnings as investors bet on the firm’s ability to amass NVIDIA’s AI GPUs and provide them to AI software firms. Here’s what Cramer said about CoreWeave, Inc. (NASDAQ:CRWV) after NVIDIA’s earnings:
“[On NVDA’s finished goods inventory being up] All sold. All sold. Well because you can’t, these are things you can’t just ship like this. Now you know that when you hear that they talk about CoreWeave, which is by the way up six because CoreWeave is going to be the one that has the ability to put them in. If you listen to Sridhar Ramaswamy, we’ll get to that with Snowflake, he would tell you, look, you can’t just say, you know what, send me a couple of Blackwells, you have to send the Blackwells first to, uh, in this case Azure, and then, you can worth with Azure on behalf of the customer, and it’s very hard for people to figure out, actual demand, other then the fact that Azure will take everything they can get. And that matters to me. Now Wolfe asked a very important question, which is that, listen if there are only two companies that are buying everything they can, well, when one wins then isn’t that the end? And of course in this conference call they talked about the vast multitude of companies that want these. But CoreWeave is just the quickest to [inaudible] because they’re very close to Michael Intrator, and he knows how to assemble, he’s the CEO of CoreWeave.
“Yes, I mean I do think that what they, when he just says, listen, CoreWeave’s got the three hundred, that figures. CoreWeave is the assembler. I mean people, if you go to a data center, David, one day I’ll take you to a data center, which is kind of going to Citi Field. . . .well some companies are ahead of others, and that’s this one.”
9. Dell Technologies Inc. (NYSE:DELL)
Number of Hedge Fund Holders In Q2 2025: 54
Dell Technologies Inc. (NYSE:DELL)’s shares have gained a modest 4% year-to-date after suffering several major drops. One of these came in February as the firm’s fourth-quarter revenue and earnings miss led to a 17% share price drop. Another was in April when the Liberation Day market bloodbath saw the stock crash by 25%. Dell Technologies Inc. (NYSE:DELL)’s shares dropped by 9% on Friday as the firm’s third-quarter revenue created doubts in investors’ minds about AI demand. Cramer commented on the firm in the context of bullishness surrounding CoreWeave following NVIDIA’s fiscal second quarter earnings:
“You know that I wasn’t wrong about CoreWeave. But I will say that I like Dell off of it.”
Earlier this month, Cramer maintained that Dell Technologies Inc. (NYSE:DELL) was a buy:
“Dell’s a buy. Dell’s a buy, and I keep hoping like maybe we get a bad CPI number, I mean, come in and buy, and I can recommend this thing hard. It hasn’t had a break. You should see all the stock that Michael Dell bought back during the downturn. Remember, we came out very strong in the 90s and a 100 and said, when it was there, we had total conviction that Michael was the real deal and he’s always been the real deal. I want to wait for a price break. I think you can get one before the quarter is reported… in August. But I will tell you, the more I do work on Dell, the more I realize he is every bit as great as he always has been. And anytime it goes down, you just buy, buy, buy.”
8. Dollar Tree, Inc. (NASDAQ:DLTR)
Number of Hedge Fund Holders In Q2 2025: 59
Discount retailer Dollar Tree, Inc. (NASDAQ:DLTR)’s shares have gained 47% year-to-date as they have benefited from strong earnings performance and business spinoffs. However, the ride has been far from smooth as the stock has contended with the uncertainty surrounding the effects of tariffs on its business. For instance, Dollar Tree, Inc. (NASDAQ:DLTR)’s shares dipped by 10% in June after it warned of tariff pressures. Cramer discussed the firm in the context of retail spending in the US and consumer sentiment:
“I mean I would say that if you default to the companies that have reported in the last 24 hours, actually not a bad bunch to default to, what you find out is that what are the American people doing? Well the American people are shopping at . . at Dollar Tree . . . And that is a sign that the American people do not feel very secure. And that’s something that Home Depot said, they don’t feel very secure. That is going to keep projects on the sidelines and keep people from spending the way that they would like.”
Here are Cramer’s previous comments about Dollar Tree, Inc. (NASDAQ:DLTR):
“I think it could propel things. I think it could also propel retail. People are very worried about retail. I think, and they’re like, they’re huddled around Dollar Tree. I think that’s a big mistake.
“[On upgrade by Barclays] Well those are people who really genuinely believe that the consumer’s going to be much poorer in the second [half of 2025]. And those people will be proven wrong too.”
7. Dollar General Corporation (NYSE:DG)
Number of Hedge Fund Holders In Q2 2025: 55
Dollar General Corporation (NYSE:DG)’s shares have gained 49% year-to-date, which is nearly in line with its peer and rival Dollar Tree. Some of these gains are due to the firm having insulated itself against the impact of tariffs on its business. Dollar General Corporation (NYSE:DG)’s stock has gained 5.5% over the past month due to catalysts such as an earnings report that saw it raise its annual midpoint earnings per share guidance to $6.05 from an earlier $5.50. Cramer discussed Dollar General Corporation (NYSE:DG) in the context of spending by budget-conscious Americans:
“I mean I would say that if you default to the companies that have reported in the last 24 hours, actually not a bad bunch to default to, what you find out is that what are the American people doing? Well the American people are shopping at . . .Dollar General. . .And that is a sign that the American people do not feel very secure. And that’s something that Home Depot said, they don’t feel very secure. That is going to keep projects on the sidelines and keep people from spending the way that they would like.
“Yeah look, Dollar General is, a company that for some reason people thought had lost its way. They don’t understand if you’ve ever gone to one, you know that it’s a place where a lot of people feel they get good bargains.”
6. Five Below, Inc. (NASDAQ:FIVE)
Number of Hedge Fund Holders In Q2 2025: 55
Five Below, Inc. (NASDAQ:FIVE) sells different kinds of products such as fitness equipment, toys, and apparel. Its shares have gained 47% year-to-date as discount shops have experienced tailwinds due to increased spending by budget-conscious customers. Five Below, Inc. (NASDAQ:FIVE)’s shares jumped by 3.9% in August after its latest earnings report saw it raise its adjusted earnings per share forecast to $4.76 and $5.16 from an earlier $4.25 to $4.72. Cramer discussed the high spending at Five Below, Inc. (NASDAQ:FIVE) and how it describes the US economy:
“I mean I would say that if you default to the companies that have reported in the last 24 hours, actually not a bad bunch to default to, what you find out is that what are the American people doing? Well the American people are shopping at . . .Five Below. . .And that is a sign that the American people do not feel very secure. And that’s something that Home Depot said, they don’t feel very secure. That is going to keep projects on the sidelines and keep people from spending the way that they would like.”
Here are Cramer’s previous comments about Five Below, Inc. (NASDAQ:FIVE):
“By the way, Five Below had a great number.
“[On Loop Capital upgrading the shares] That was a new CEO came in and turned that thing around so quickly. Which by the way, one of the things they solved was the theft problem which was terrible. And a lot of people were short Five Below because they do have a lot China exposure. A lot of that, David, that’s like, you know, it’s Chinese.”
5. Ross Stores, Inc. (NASDAQ:ROST)
Number of Hedge Fund Holders In Q2 2025: 62
Ross Stores, Inc. (NASDAQ:ROST) is an off-price retailer whose shares have lost 2.6% year-to-date. The poor performance makes the stock stand out against its peers that have performed well by posting strong double-digit gains. Ross Stores, Inc. (NASDAQ:ROST)’s stock has struggled, is due to tariffs. One major dip came in May after the shares fell by 9.8% when the firm withdrew its 2025 forecast and said tariffs could affect its profitability. However, Cramer shared that budget-conscious Americans were spending at the firm:
“I mean I would say that if you default to the companies that have reported in the last 24 hours, actually not a bad bunch to default to, what you find out is that what are the American people doing? Well the American people are shopping at Ollie’s, and at . . . Roth Stores. And that is a sign that the American people do not feel very secure. And that’s something that Home Depot said, they don’t feel very secure. That is going to keep projects on the sidelines and keep people from spending the way that they would like.”
Previously, Cramer advised viewers to sell Ross Stores, Inc. (NASDAQ:ROST) and buy TJX:
“Yes, I do. I have. My opinion is sell Ross Stores and buy TJX. That’s my opinion. And you know why that I have that opinion? Because I’m right.”
4. DICK’S Sporting Goods, Inc. (NYSE:DKS)
Number of Hedge Fund Holders In Q2 2025: 55
DICK’S Sporting Goods, Inc. (NYSE:DKS) is an American athletic gear and apparel retailer. Its shares have lost 7% year-to-date as they have struggled from several selloffs, such as those in April, May, and August. DICK’S Sporting Goods, Inc. (NYSE:DKS)’s shares dipped by 19% in April amidst the uncertainty surrounding the Liberation Day tariffs. The stock then fell by 14.6% in May after investors reacted to its $2.4 billion acquisition of Foot Locker. In August, the stock dipped by 6.9% after the firm’s full-year midpoint earnings per share guidance of $14.20 fell short of analyst estimates of $14.39. Cramer, however, praised DICK’S Sporting Goods, Inc. (NYSE:DKS)’s earnings:
“DICK’S, by the way, is expensive stuff. Relatively, and they also had good numbers.”
Here are Cramer’s previous comments about DICK’S Sporting Goods, Inc. (NYSE:DKS):
“Oh, okay. Look, here’s… [why] I didn’t try hard enough. When DICK’s bought Foot Locker, I should have just said, buy, buy, buy. Instead, it’s all the way back. It’s kind of like the two that I’ve been most regretting that I didn’t pound the table, Dell enough, and I didn’t pound the table DICK’s enough. DICK’s is still good. They obviously knew what they were doing when they bought Foot Locker. Great relationship by the way now with Nike.”
3. Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)
Number of Hedge Fund Holders In Q2 2025: 32
Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) is a closeout merchandise and inventory retailer. Its shares have gained 18.9% year-to-date but dipped by 2.2% after its latest earnings report. The results saw the firm beat analyst EPS estimates of $0.94 and revenue estimates of $668 million by posting $0.99 and 679 million. Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)’s revenue and profit guidance for the fiscal year also beat the estimates, but investors, it appears, were aiming for more growth. Cramer discussed consumer spending at the firm:
“I mean I would say that if you default to the companies that have reported in the last 24 hours, actually not a bad bunch to default to, what you find out is that what are the American people doing? Well the American people are shopping at Ollie’s. . .And that is a sign that the American people do not feel very secure. And that’s something that Home Depot said, they don’t feel very secure. That is going to keep projects on the sidelines and keep people from spending the way that they would like.
“I would point out that you mentioned, and I thought it was really terrific, I had them on recently, that if you want the bargain place of all bargain places, it’s Ollie’s. Now David if I took you to my Ollie’s, I am a member of Ollie’s, although I am a lowly private first class, that that’s where you buy books. I bought five books there that were totally waterlogged. . . for like a buck and a quarter! That’s how you make it, David.”
2. Best Buy Co., Inc. (NYSE:BBY)
Number of Hedge Fund Holders In Q2 2025: 44
Electronics retailer Best Buy Co., Inc. (NYSE:BBY)’s shares have lost 13.8% year-to-date, courtesy of two massive selloffs in March and April that saw the shares dip by 13.3% and 25.8%, respectively. The March dip came as the firm cut its fiscal year 2026 revenue guidance to a midpoint of $41.5 billion from an earlier $41.8 billion. The guidance cut was due to tariffs, and unsurprisingly, the shares sank in April during the Liberation Day selloff. Cramer mentioned the impact of tariffs on Best Buy Co., Inc. (NYSE:BBY):
“You know the stock was down very badly at one point. Yeah well I mean I think that they, a lot of people feel that, their enterprise, well they have a tariff problem.”
Here are Cramer’s previous comments about Best Buy Co., Inc. (NYSE:BBY):
“… Look, it’s not just Dow. We were attracted to two stocks from our Charitable Trust because of their high yields: Best Buy and Stanley Black & Decker. Best Buy would benefit from the biggest PC cycle in years because of Microsoft’s Copilot… Both stocks initially soared, same thesis. We sold Best Buy at a terrific profit… Best Buy stock now yields 5.6%, one of the highest-yielding retailers out there. In itself, though, not inspiring. The PC refresh cycle turned out to be a bust. President Trump’s tariffs will spike the price of Chinese and Korean appliances. Also, that Whirlpool can raise prices too, although judging by that hideous quarter just reported tonight by Whirlpool, where the company slashed its quarterly dividend from $1.75 to 90 cents a share, just what I’m talking about. Whirlpool needs all the help it can get. That’s not good for Best Buy. Again, I think you could be reaching for yield here. The problem is one of reassurance. If the dividend’s in jeopardy, management won’t say a word about it till they actually give you the cut.”
1. Williams-Sonoma, Inc. (NYSE:WSM)
Number of Hedge Fund Holders In Q2 2025: 50
Williams-Sonoma, Inc. (NYSE:WSM) is a home furnishing and associated products retailer. Its shares are flat year-to-date, primarily due to a 5.2% dip in August. Williams-Sonoma, Inc. (NYSE:WSM)’s shares fell after the firm’s second-quarter earnings report and an announcement by President Trump that he would start a major tariff investigation into furniture items entering the US. Here is what Cramer said about Williams-Sonoma, Inc. (NYSE:WSM):
“If you want to know who was best yesterday, and I know she’s not gonna get any credit for it, but, Laura Alber had the most largest increase in tariffs, of any one company, and she still did the number. That is impressive. Williams-Sonoma.
“Well I mean some of these companies they know how to source, they know how to, get around where this stuff is coming from. Look, I think that this is an era where you have some companies that use AI like Laura Alber said to actually find out how we can deliver what we need to deliver.”
Previously, Cramer discussed Williams-Sonoma, Inc. (NYSE:WSM) in the context of tariffs and the American furniture industry:
“Let’s talk about Wayfair, Williams-Sonoma, and RH, the old Restoration Hardware… I know both Williams-Sonoma and RH are a different story. They make some fine furniture here, and they’d like to make more furniture, but it’s difficult to find skilled workers to make high-quality merchandise. I’m not slagging our workers. The people who used to make furniture simply moved on to other things, or they retired. … Tariff wouldn’t go far enough to make them come back. At the end of the day, I’m skeptical that we can bring back the American furniture industry as we remember it, and even if we could… would it be worth the cost? I don’t know… Unless the federal government wants to get into the business of making furniture, forcing the hand of RH and Williams-Sonoma, it won’t make a difference to the industry as a whole. There will most likely not be a revival of those great furniture cities.”
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