In this piece, we will look at the stocks Jim Cramer discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer asserted that the ‘year of magical investing’ is over. Cramer uses the term to define a set of stocks that have appreciated considerably but whose valuations far exceed their revenue. In this appearance, the CNBC TV host tied these socks to Bitcoin’s price and comments by the New York Fed President John Williams that interest rates could go lower on the back of weakness in the labor market:
“It’s the end of the year of magical investing. All that stuff, I mean look, they’re all up today, they all reversed today, three thirty this morning, you could not give these away. And Bitcoin, 81, you look at what I regard as being the single worst moment, in this decline, was the moment between three thirty and four thirty. And then Williams comes on, and then suddenly everything’s fine? I don’t think so. . .there’s a lot of people that have to get out. Let them get out. This is not, what suddenly, they waved a magic wand? We have issues with building out the data center, unlimited. We have issues with a lot of people, the strategies, the Micro Strategies, these are issues.”
Our Methodology
For this article, we compiled a list of 9 stocks that were discussed by Jim Cramer during the episode of Squawk on the Street aired on November 21st. We listed the stocks in the order that Cramer first mentioned them. We also provided hedge fund sentiment for each stock as of the second quarter of 2025, which was taken from Insider Monkey’s database of over 900 hedge funds.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
11. Kohl’s Corporation (NYSE:KSS)
Number of Hedge Fund Holders In Q2 2025: 31
Jim Cramer’s opinion about retailer Kohl’s Corporation (NYSE:KSS) has become neutral as the year ends. At the start of 2025, the CNBC TV host wasn’t a fan of the stock, to say the least. In a March appearance, he commented that Kohl’s Corporation (NYSE:KSS) had “real structural problems” and there wasn’t anything at the firm’s stores that he couldn’t get at Walmart or Costco. Then, in May, Cramer was grateful that he wasn’t on Kohl’s Corporation (NYSE:KSS)’s board even though “they tried to do the right thing.” By July, he took aim at the short sellers and commented that they “have the wrong target: a company with declining sales and a lot of debt, but not one that’s about to fall apart, which is what you need if you’re still shorting Kohl’s down here in the single digits. Hedge funds, take my advice: cover and move on.” With Kohl’s Corporation (NYSE:KSS)’s earnings due, Cramer remained neutral about the firm as he commented:
“Kohl’s is neutral”
10. Jacobs Solutions Inc. (NYSE:J)
Number of Hedge Fund Holders In Q2 2025: 35
Jacobs Solutions Inc. (NYSE:J) is an engineering and construction management services provider. Cramer previously discussed the stock on October 7th as he remarked that the firm’s exposure to the data center business had translated into its latest earnings report. The CNBC TV host added that, along with benefiting from data center build outs, Jacobs Solutions Inc. (NYSE:J) could also benefit from manufacturing reshoring across America. In this appearance, he discussed the firm after its fiscal fourth quarter earnings report:
“Okay, Jacobs Solutions is an engineering company. It’s rather remarkable. Because what does it do? Well it builds everything, data centers, the drug companies, when they want to reshore, it’s the ultimate reshoring slash construction company in our country. And it guided yesterday to a weaker 26′ than people thought. This was the, I think the, proximate cause of a lot of the selling other than away from Micron and Western Digital, and the idea that DRAM prices might be peaking. So when I looked at this, I said, oh my god, Bob Pragada, terrific guy, they, they lowered it, there was a Baird downgrade today, that is very prescient, so people are saying, wait a second, if the premier builder of all the things that we are excited about, guides badly for 26′, what does it say, for 2026?
“It was, I will tell you, unreasonable. The seller was like, look it could get weaker. I didn’t think it was any more than that, they had no empirical reason. But it scared people. Now I know that that’s a tough word to use, but that’s what I’m seeing around town. That scared people into thinking maybe the whole reshoring, building is over. It’s completely untrue, okay, completely untrue. But yesterday, was not the day to guide down, in terms of next year’s numbers. It was just the wrong time, wrong place.”
9. American Express Company (NYSE:AXP)
Number of Hedge Fund Holders In Q2 2025: 70
American Express Company (NYSE:AXP) is a stock that Jim Cramer has used as a proxy for consumer spending and remained optimistic about throughout the year. He believes the firm’s CEO, Steve Squeri, has done a good job with the firm’s payment cards. One aspect of American Express Company (NYSE:AXP)’s cards that has won over Cramer’s praise is their popularity with younger users. The CNBC TV host has shared his and his family’s experiences with the products, and has defended the stock by saying that it’s a great opportunity to buy while others sell. In this appearance, he used American Express Company (NYSE:AXP) as an example of a stock that was holding its ground as the broader market struggled and discussed the firm’s CEO:
“I mean look what’s up. Okay. Look what’s up. American Express has had a great quarter.
“American Express has, Steve Squeri is remarkable, he has turned that company into a millennial paradise. He always talks about that when you interview him, I think he’s sensational. He’s an unsung hero and I think he’s doing an amazing job. . .”
8. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders In Q2 2025: 63
International Business Machines Corporation (NYSE:IBM) is one of Cramer’s favorite stocks in the technology space. He has defended the stock against selling and, in July, remarked that the shares could slowly creep higher. In March, Cramer had remarked that International Business Machines Corporation (NYSE:IBM) was a “pure” buy, and as the year settled in, he increasingly cited the firm as an example of a solid quantum computing stock pick as well. Naturally, the CNBC TV host was optimistic about International Business Machines Corporation (NYSE:IBM) in this. appearance as well:
“IBM I think is absolutely terrific.”
Here is what Cramer said about International Business Machines Corporation (NYSE:IBM) and quantum computing on September 25th:
“[On HSBC announcement that used IBM quantum to improve the efficiency of their trades] I’ve met with Arvind Krishna and he said look, you want real quantum? We have real quantum. He also, by the way, said that Honeywell Quantinium, that that’s real. Google we know is real. And then there’s all these companies that are development stage companies. That may be development stage companies for a very long time. And that’s IONQ, that’s D-Wave. Because they’ll tell you listen, we’re working very hard, but we’re nowhere near, they’re working hard. IBM actually has something right now that is pretty positive. IBM, David. It could reinvent finance.”
7. Target Corporation (NYSE:TGT)
Number of Hedge Fund Holders In Q2 2025: 54
While Cramer has repeatedly praised Walmart and Costco throughout 2025, he hasn’t been similarly optimistic about Target Corporation (NYSE:TGT). He started the year with a warning that the firm might be facing a profitability squeeze and then proceeded to outline that it was facing tough competition from Walmart and Costco. In January, Cramer remarked that while Target Corporation (NYSE:TGT) did sell food items, “food is something you need scale on and Costco and Walmart do much better food.” He added that while the firm also delivered items, ” that’s something you need scale on and Walmart and Amazon do a much better job.” The CNBC TV host’s recent comments about Target Corporation (NYSE:TGT) called its latest earnings report a “dispiriting set of numbers.” Naturally, he had nothing much to say in this appearance:
“And Target, ain’t got nothing for ya.”
Here’s what Cramer said about Target Corporation (NYSE:TGT) on November 20th:
“Now, Target’s got a new CEO waiting in the wings with current chief operating officer Michael Fiddelke taking the reins in February. He’s already talked about the need to improve the merchandise assortment, provide a more consistent shopping experience, use technology to breathe some life into the business. But based on what we saw from Target yesterday, let’s just say he’s got his work cut out for him.”
6. The TJX Companies, Inc. (NYSE:TJX)
Number of Hedge Fund Holders In Q2 2025: 73
Early in the year, Cramer had shared “we own” The TJX Companies, Inc. (NYSE:TJX). He remained optimistic about the firm around the time the market became anxious about tariffs. Cramer opined in March that The TJX Companies, Inc. (NYSE:TJX) was a “winner.” The CNBC TV host bought some shares for his trust in March and added that “I think it’s going right back to $125.” The TJX Companies, Inc. (NYSE:TJX)’s stock closed at $148 on Monday to make Cramer’s prediction come true. In this appearance, he recalled discussing the firm in his latest Mad Money episode. As per Cramer, The TJX Companies, Inc. (NYSE:TJX) is a winner in a market that was jolted by uncertainty:
“See now there, there’s different, when I talked about last night, which is that wait and see what’s kind of holding. . .TJX is terrific, these are winners. . .these are the new anointed ones, they’re the survivors. Okay?”
Here is what he had said about The TJX Companies, Inc. (NYSE:TJX) the previous night:
“Finally, we got this really strong quarter from TJX… It’s another name we own for the Charitable Trust. This one’s very different from the other retailers that reported this week because TJX is the leading off-price chain. They’re playing a different game than regular retailers…
This company thrives when the rest of retail’s in trouble, one reason why TJX is up more than 20% for the year, while these other three companies are all in the red. Sure enough, this time, TJX reported a clean top and bottom line beat, 5% same-store sales growth when the analysts were looking for 3.7%. That’s a nice beat, 3.7 goes to 5. While TJX issued slightly weaker-than-expected guidance for earnings and same-store sales in the current quarter, that’s par for the course, people…
Again, when the rest of retail’s in trouble, TJX makes out like a bandit. The one thing about TJX is that its stock tends to either sell off or do nothing after the company reports, even when the numbers are good. We actually raised our price target on this one for the Charitable Trust yesterday. Even if the stock finished the day up less than 0.2%, it rallied another 1.6% today despite the terrible tape. I still think it’s a steal.”
5. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q2 2025: 235
As the show was being aired, the broader markets were struggling and NVIDIA Corporation (NASDAQ:NVDA)’s shares had closed 3% lower. They further dipped by close to a percent on Friday before closing 2% higher on Monday. Cramer, who has defended NVIDIA Corporation (NASDAQ:NVDA) throughout the year on the back of his belief that the firm is heralding an industrial revolution, commented that viewers should wait for the stock to reverse before buying. He also mentioned the New York Fed President John Williams:
“And I’ll tell you this. Unless you see NVIDIA reverse today, you don’t wanna buy. It has to reverse. I mean think about, it was below this, it was actually at this level at 5 am, now it’s back to that level. It takes out that level. People just, it does a crescendo sell, okay, crescendo, and then it comes back. And you want to be part of that crescendo? Be my guest.
“I think NVIDIA reverses today, I think that people who are selling it, again, they could be people who are locking it in, or they could be people who are saying, listen, I need money badly. But they’ll finish, they’ll get margin down. Watch NVIDIA between one and two, when all the margin’s done, and I think it can rally. . .at 2:47 you will know exactly.
“Look, NVIDIA’s going to tell you, it’s going to tell you. It’s going to stop going down, and then you can have a real rally, but you can’t have a rally on Williams. Most people really don’t even know who Williams is.
“NVIDIA’s going to tell a tale, and let everybody get out who has to get out and then you go back and say, okay my problem is OpenAI but maybe Altman says something today. . .”
4. Uber Technologies, Inc. (NYSE:UBER)
Number of Hedge Fund Holders In Q2 2025: 152
After Uber Technologies, Inc. (NYSE:UBER) earlier this month, the firm’s shares dipped by 5% even as it beat analyst revenue estimates of $13.28 billion by posting $13.47 billion. However, Cramer defended the stock and commented that he liked the firm’s revenue growth and its strategies for customer engagement and cross-selling. In this appearance, he discussed Uber Technologies, Inc. (NYSE:UBER) after co-host Carl Quintanilla pointed out that the stock had dipped below its 200-day moving average for the first time since spring:
“I think that’s a good stock, it’s just a horrendous chart. And the chart has really taken over here. Again, because there’s a lot of people who don’t know what they own, and they’re just blowing out things. And you’ve got to let them finish. Let the people who are pathetic get out of stocks.”
“[After Carl Quintanilla commented on calling people who wanted to take profits pathetic] I think you’re right. . .look, okay, not everyone’s pathetic, obviously there are people who bought at the high, and yeah, I mean, why not take some gains. But those people will wash out, and then you get a nice bottom.”
3. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders In Q2 2025: 78
Over the past couple of months, Cramer has been increasingly appreciative of Palantir Technologies Inc. (NASDAQ:PLTR)’s software services. Throughout 2025, he’s been bullish about the stock and commented multiple times that he was among the first to predict that the shares would cross the $100 mark. More recently, the CNBC TV host has also cited discussions with businesses to point out that he has yet to hear anything negative about the impact Palantir Technologies Inc. (NASDAQ:PLTR) has made on its customers. In this appearance, he discussed the stock in the context of broader market movement:
“And by the way, there’s another one that’s reversed, and that has been crucial, and that’s ‘Plantir.’ . .yeah well no, the people who sold it, it’s ‘Plantir.'”
Cramer discussed Palantir Technologies Inc. (NASDAQ:PLTR)’s defense business and valuation in detail on November 12th. Here is what he said:
“I’m not concerned. I was talking with someone about defense and someone about aerospace in the last few days. They are a major force in defense and aerospace. Doing what I think is the right thing. I can’t back away from Palantir. The problem is the valuation, obviously, because they’re making a ton of money. But I can’t back away from it because everything Karp says about the growth and the profit is true! And I can’t just say, you know what, he’s wrong. You want to pay that for that? I know people will, I think that Palantir’s an amazing company. You know it’s funny, when you bump into someone that using them, all they ever say is we’ve had wholesale revolution at our company because of Palantir. Look I had to check, before I got on board with this thing at 50, I checked with a lot of CEOs that hired them, I have yet to find a CEO who said, yeah you know what, we lost our money with them. It’s the opposite. It’s like they revolutionized, they changed our company radically.
“Palantir, and by the way, their defense, what they’re saying about defense, they would revolutionize our country. They’re very, very good at what they do. Yes I mean Alex has a take on the show, look he’s a personality, I don’t care about the personality. I care about the numbers. And the numbers are real, they’re very real.”
2. Comcast Corporation (NASDAQ:CMCSA)
Number of Hedge Fund Holders In Q2 2025: 82
Comcast Corporation (NASDAQ:CMCSA) came up during the show as Cramer and his co-hosts discussed media reports of the firm having submitted a bid to acquire Warner Bros. Discovery. With the media industry on watch for the bid’s outcome, Cramer has discussed Comcast Corporation (NASDAQ:CMCSA) several times in his morning appearances. Cramer primarily discusses the firm’s price-to-earnings multiple, and in this appearance, he discussed it again in the context of Comcast Corporation (NASDAQ:CMCSA)’s financial performance and the media reports:
“The idea that Comcast is interested is very good, because it shows that Comcast is willing to shuffle the deck. . .
“A stock that trades at five times earnings is a stock where the earnings are about to be cut in half. That’s what happens. . .historically, that just says you’re not going to make your numbers. But, if you decide to take action, and show that you’re not happy with that and I’m talking about bold action, then you’re going to get a multiple.”
Here is what the CNBC TV host said about Comcast Corporation (NASDAQ:CMCSA) on November 13th:
“Look, my advice to Comcast, not that that matters, has ever mattered, but the stock has bottomed ever since you started talking about this. Now most of the stocks in the S&P have bottomed at 4.75, that’s exactly where it bottomed. No one else has come under five for P/E, but that stock has, since you started talking about them, doing something. People are beginning to take a look at it and I think that’s important to point out, and I do have a lot of stock, whatever.”
1. Eli Lilly and Company (NYSE:LLY)
Number of Hedge Fund Holders In Q2 2025: 119
Eli Lilly and Company (NYSE:LLY) is one of Cramer’s top stocks in the pharmaceutical space. He has remained optimistic about the firm throughout the year and praised its lead in the weight loss drug market, its manufacturing initiatives, and its drug pipeline. The CNBC TV host has also often recalled how billionaire Ken Langone was the first to predict that Eli Lilly and Company (NYSE:LLY)’s market valuation could touch a trillion dollars. This show was a special one for the stock as the market value finally crossed the trillion-dollar mark. Naturally, Cramer shared how the call for the coveted value was made on Mad Money:
“Yes, but that was Ken Langone, the great Ken Langone, who said it. When it was at 500, 500 billion. That’s really quite, well he’s a great man, and it’s quite a call, and it was made on Mad Money, I’ve been with him ever since.”
As for Eli Lilly and Company (NYSE:LLY)’s business, here’s what he said on Mad Money aired on September 16th:
“Not that long ago, pretty much everybody assumed that the next non-tech stock to cross the trillion-dollar threshold would be the stock of Eli Lilly. Why not? They’ve developed a weight loss and diabetes wonder drug with incredible prospects… Right now, Lilly’s market capitalization is roughly $724 billion…
“Oh, I thought Lilly would be next… Today, Lilly announced plans to build a $5 billion manufacturing plant in Richmond, Virginia. As we told members of the investing club this morning, this facility marks the first of four American plants for targeted cancer and autoimmune drugs… When you consider all the indications for this thing… You can see why the betting line favored Lilly to cross the trillion-dollar finish line first.
“But Lilly’s stock has been stalled in part because it has a vicious, some would say desperate rival in the form of Novo Nordisk… Plus, you aren’t supposed to buy drug stocks if the Fed’s going to cut interest rates… So you should avoid so-called safety drug stocks. And of course, the president seems to be hostile to the industry… So yeah, my original prediction will likely be wrong. Eli Lilly is probably not the next non-tech stock to cross the trillion-dollar barrier.”
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