In this piece, we will look at the stocks Jim Cramer discussed.
In his Squawk on the Street appearance on Friday, Jim Cramer discussed recent stock market performance and linked it to interest rates:
“Yeah, look, I think that we are owed a breather because of what you said at the start, which is that rates are not going away like they’re supposed to so that we can continue to do this and expect that they’re going to pivot. They have to pivot, because we’re seeing too much strain. And I understand, Michael Hartnett. has a great piece today in Bank of America, I enjoy his stuff very much David, talking about the public [inaudible] I like to think that it’s not a bubble, I like to think that there’s enthusiasm now across the board, it’s not just the Mag 7. But rates are going to determine the next move, not enthusiasm.”
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 September 19th.
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).
12. Lennar Corporation (NYSE:LEN)
Number of Hedge Fund Holders In Q2 2025: 62
Lennar Corporation (NYSE:LEN)’s shares have gained a modest 2% year-to-date. Cramer has discussed the firm throughout 2025, and in most of his appearances, he has linked the stock’s performance to interest rates. While Lennar Corporation (NYSE:LEN)’s shares have performed modestly, Cramer continues to believe that the firm has a sound business model and operational practices. In his previous comments, the CNBC TV host commented that Lennar Corporation (NYSE:LEN) was a “superb operator,” but added that deciding whether to buy the stock is tricky. According to him, long-term interest rates will play a key role in Lennar Corporation (NYSE:LEN)’s share price performance. Naturally, the long rates also factored into his latest comments about the firm:
“And if the long rate does [continue to tick higher] then you’re going to have more Lennars. I mean look, Lennar’s a great company, but Lennar had nothing to make me feel like I want to own the stock. It’s a big housing company, it needs lower mortgage rates.”
11. FedEx Corporation (NYSE:FDX)
Number of Hedge Fund Holders In Q2 2025: 67
FedEx Corporation (NYSE:FDX) reported its earnings for the fiscal first quarter last week, which sent its shares higher. The results saw the firm’s $22.2 billion in revenue and $3.83 in adjusted earnings beat analyst estimates of $21.7 billion and $3.59. Cramer has continued to praise the firm’s CEO, Raj Subramaniam, throughout 2025, and after the earnings, he discussed the CEO as well:
“It will be up [inaudible] but I do think it should be up more than that I think.
“Yeah I think that this was the most bullish Raj has been since he took over. He started, when he came in, he was talking about recession with me. I think this was an amazing quarter, really great that they could do this much despite tariffs, despite the de-minimis. But I wanna correct something about the market. The market is, took up UPS with FedEx. I think it’s become very zero sum. They are very much like each other. FedEx deserves to be up 12, maybe 15.
“Yes and they had to cut back China but Raj is being very realistic that China, there are other places that are kind of taken up for buy China is bad. Raj was so bullish, and people have to understand that he’s not given to hyperbole. Not at all.
This was his breakout. I mean when I talked to him it was clear that this was the one that I had been waiting for. God I can’t stay negative, hey, I got what I wanted but I’m staying negative.”
10. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders In Q2 2025: 219
Alphabet Inc. (NASDAQ:GOOGL)’s shares have gained 34.5% year-to-date, with most of them coming in the second half of the year. Cramer has discussed the firm several times on his morning show. Early in the year, the CNBC TV host was concerned about the firm’s legal troubles with the Justice Department and went as far as to sell the stock. However, he later regretted the decision, as not only did Alphabet Inc. (NASDAQ:GOOGL)’s YouTube business perform well, but the firm also secured a favorable court ruling. In his previous remarks about the company, Cramer shared that he mistakenly believed that the government would “come down” on the firm. This time, he discussed Alphabet Inc. (NASDAQ:GOOGL) in the context of the stock being cheap:
“Alphabet we can justify where it’s going, . .
“And I still think that when you look at the run that Alphabet had, it turned out that Alphabet was incredibly cheap a [inaudible] points ago, because there were, now we’re saying well Chrome is great, and obviously YouTube is great, when you look at it historically, NVIDIA, if you look at where it is, where it was versus that the [inaudible] it’s not that expensive.
“But I’ve got to tell you that, when I listen to the Justice Department, talking about punishing Alphabet, that was enough for me. I didn’t want to see this Justice Department go after Alphabet. Because this administration and the previous administration, one of few the things they have in common is that they don’t like Alphabet!”
9. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders In Q2 2025: 115
Cramer discussed Tesla, Inc. (NASDAQ:TSLA) last week on Monday after Elon Musk bought a billion dollars of shares. The CNBC TV host concurred with the CEO’s opinion that his company is a technology firm instead of being a car manufacturer. Cramer’s remarks are important since Tesla, Inc. (NASDAQ:TSLA)’s shares fluctuate depending on its vehicle delivery performance. The firm also made the news earlier this month after announcing a new pay package for Musk, which might see him become a trillionaire. Cramer defended the package and advised those against it to sell the stock. Like Musk, Cramer also believes that Tesla, Inc. (NASDAQ:TSLA) can become an important player in autonomous driving and robots. This time, he discussed the firm in the context of AI:
“With Tesla today right now pivoting, David, it’s now the number one physical AI”
Cramer also recently discussed Tesla, Inc. (NASDAQ:TSLA)’s vehicle deliveries and Musk’s politics. Here is what he said:
“Also the European numbers are better, that could have leaked. I think you’re going to see better numbers now that he’s. . .I think a lot of liberals buy Teslas and they’re a little turned off. Look we live in a polarized. . .”
“[On Musk’s complaints about high rates] That could be too, you’ll see those rates come down. A lot of auto rates based on the short rates.”
8. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders In Q2 2025: 335
Amazon.com, Inc. (NASDAQ:AMZN) is almost a daily feature of Cramer’s morning show. With the firm’s roots stretching from retail to high-end technology, the CNBC TV host has plenty to talk about. He continues to believe that Amazon.com, Inc. (NASDAQ:AMZN) is one of the dominant retailers in the industry and can emerge as part of a handful of firms that dominate the landscape in the future. Earlier in the year, he also criticized Amazon.com, Inc. (NASDAQ:AMZN)’s Alexa AI assistant. After the firm’s Prime Day sales event in July, Cramer gushed about the great deals he could find on the website. More recently, his comments have covered the firm’s earnings report, its cloud computing business, and reliance on in-house AI chips as opposed to NVIDIA’s high-performance and pricey GPUs. During this show, Cramer commented on big tech firms in general, and after saying that big tech firms in general were heading in a good direction, he discussed Amazon.com, Inc. (NASDAQ:AMZN) and AI:
“I mean if I’m Andy Jassy, I’m saying, hmm, I’ve got the new voice AI to talk to Alexa, maybe I got to up my game.”
7. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders In Q2 2025: 260
Cramer has discussed Meta Platforms, Inc. (NASDAQ:META) several times in 2025. In the first quarter, after the firm’s shares performed well, he attributed some of the gains to cost-cutting efforts. Then, as big technology companies stepped up their AI efforts, Cramer opined that Meta Platforms, Inc. (NASDAQ:META) needed to improve its AI offerings. More recently, he has become a fan of the firm’s smart glasses after taking a vacation to Italy. In this appearance, the CNBC TV host discussed CEO Mark Zuckerberg’s belief that AI-powered smart glasses would make people smarter. In an earnings call earlier this year, Zuckerberg had commented that people without these glasses would be at a “cognitive disadvantage.” Here’s what Cramer believes:
“[On Zuckerberg saying glasses would make wearers smarter] I don’t know, it’s really amazing and I got to give him credit, because this was thought to be, I mean honestly it was thought to be just an appendage. Right. And that it was not anything that we would talk about. But he believes, Zuckerberg believes, it is the best form factor to have AI. And he keeps inventing. I mean he just keeps inventing.
“I like the Ray-Bans, you look at something, you talk to yourself.”
6. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders In Q2 2025: 156
Considering the amount of time he has spent discussing Apple Inc. (NASDAQ:AAPL) last week, it wouldn’t be inaccurate to say that the stock has been at the top of Jim Cramer’s radar. In September, the CNBC TV host first visited Apple supplier Corning’s factory in Kentucky and then praised the firm’s latest iPhone 17 launch. Naturally, the launch was on his mind this time as well:
“. . .with Apple with an actually, I think, way underestimated new line of products.
“But you know what I don’t think is that inflated? The Apple 17, the iPhone 17, why? Because the trade in turned out to be more than people thought.
“Yes, and I think that a lot of people have to understand that, it’s got two cameras, which I think you an put yourself in and I love. Tim loves selfies. And I love selfies and I always have. . .But I will say that Tim, is a great aficionado, of what makes a good camera and I trust it, when he says listen this camera’s blowout. It is a leap versus the 16. They kept a lot of this under wraps.
“We expected, we meaning Wall Street in this case, that there would be some demand that exceeded supply. We didn’t expect a thousand people would show up at Dubai. 500 at Mumbai. The numbers in China are much better. The preorders in one week, from where I talked to Tim last week, are much, much better. The street had not expected anything really big. So I think what I have to come back with this is raising numbers.
“[On how initial orders are not reflective of overall demand] That’s very true. But Tim does have numbers. And he, there’s no reason for him to say, look, the numbers are much better. He can always say, things are much better. And he did not say that. He’s much more enthusiastic. And I think a lot of it has to do with, this Air. The Air is such a different form factor. It is so light.
“[On JPMorgan going to 280] Yeah, and Melius, Reitzes just went to 290. Uh, it’s a race, it’s a race to be higher. And I think that those who have been thinking this was a so, so launch. The numbers are not saying that it’s so, so. The numbers are saying it’s better. It’s important.
“Well look I think that they’re doing things, that when you see, a drill bit trying to get through the new ceramic glass. I want that. I mean you see these little incrementals. I mean like when Tim was saying, AI, it’s filled with AI. Now there are people saying, it’s filled with AI, I wanna find out, what, some sort of, how do I interpret this most recent Supreme Court decision about whatever. It won’t do that. But it will tell you, when you’re speaking Italian, you’re speaking in Italy, know it’ll think that you’re a typical American. . .David, this maybe the end of the ugly American when it comes to language.”
5. The Walt Disney Company (NYSE:DIS)
Number of Hedge Fund Holders In Q2 2025: 111
The Walt Disney Company (NYSE:DIS) is a frequent feature of Cramer’s morning show. The firm’s shares have gained 2% year-to-date, and in his previous appearances, Cramer has discussed its streaming business and CEO Bob Iger. Cramer has also praised The Walt Disney Company (NYSE:DIS)’s CEO, Hugh Johnston, and added that the firm stands to benefit from its NFL deal. During this appearance, the CNBC TV host discussed the recent controversy surrounding The Walt Disney Company (NYSE:DIS) suspending popular television host Jimmy Kimmel. Cramer discussed the impact on the firm’s share price and its business, and shared that he owned the stock for his charitable trust:
“Stock going down, I know that’s a limited way to look at it. [On how Kimmel’s impact on Disney was non-minimal from an economic point of view] That’s why I’m saying, what can I offer? The stock, we own it for the charitable trust [inaudible] one ten, you gotta buy it, cause it’s not as important. Now. look if the President says the ratings are bad, I don’t know. I don’t know anymore. I just thought, listening to what David said, get out ahead of the ratings and think about the entire. . .”
4. Darden Restaurants, Inc. (NYSE:DRI)
Number of Hedge Fund Holders In Q2 2025: 44
Darden Restaurants, Inc. (NYSE:DRI)’s shares faced significant pressure last week when they dipped by 11.5%. According to media reports, the shares fell after the firm’s fiscal first-quarter earnings report. The results saw Darden Restaurants, Inc. (NYSE:DRI)’s earnings-per-share of $1.97 and revenue of $3 billion miss analyst estimates of $2 and $3.04 billion. Ahead of the earnings, the shares were in the green and were up by more than 12% which stood against the performance of some other restaurant stocks. Cramer discussed Darden Restaurants, Inc. (NYSE:DRI) in detail:
“What do you do with the best restaurant company? Olive Garden, fantastic margins. They do have a long. . .steak. But I would tell you that this thing went down hard on a miss. 3% yield, it is still a flagship. I think it can come back. It can come back but you have to have some diminution in food prices. Because there’s certainly no, it’s not a traffic problem. People want to go, but you’re not going to get that upside and David people trying to talk about, demand destruction. In other words, steak is up so much that people aren’t going to eat steak. So therefore, it comes down. Boy has that ever not occurred.”
3. Warner Bros. Discovery, Inc. (NASDAQ:WBD)
Number of Hedge Fund Holders In Q2 2025: 67
Warner Bros. Discovery, Inc. (NASDAQ:WBD) has been in the news lately due to media reports suggesting that the firm will be acquired by Paramount Skydance. The shares have gained 53% since the reports first surfaced. Cramer has previously discussed the bid and called Warner Bros. Discovery, Inc. (NASDAQ:WBD) suddenly becoming “red hot” due to the reports. According to the CNBC TV host, even ahead of the reports, the firm’s CEO, David Zaslav, has been promoting his company by pointing towards prudent financial management and strong box office performance. This time, he discussed Warner Bros. Discovery, Inc. (NASDAQ:WBD)’s deal with co-host David Faber and wondered whether Netflix was a factor as well:
“But David, this is possible, I’m gonna throw a bomb at you. We all keep saying, well, Disney can’t be Netflix. Comcast can’t be Netflix. Well because they have too much baggage with carriage, could this be any chance that they’ve been modelling this off of Netflix?”
Here is what Cramer said about the Warner Bros. Discovery, Inc. (NASDAQ:WBD) deal on September 12th:
“Monday, we find out if Paramount Skydance is serious about acquiring Warner Brothers Discovery, the suddenly red-hot media company with a steamy stock. CEO David Zaslav has been crowing to anyone who will listen that, as he cleans up the balance sheet while dominating the box office, making some of the best shows for Apple TV, and so many others that his stock deserves to soar.
Turns out he was right, although it didn’t happen until the takeover talk from Paramount Skydance run by David Ellison, yes, son of Larry Ellison, who founded Oracle. And depending on the action in the market, he’s either the world’s richest or second-richest man. Who knows? Zaslav wants an auction. Apple, Amazon, Netflix, I don’t know who else will bid, but we’ll be all over it on Monday. If you own it, hold out for at least 20 bucks, please. Although I think it’s worth a lot more.”
2. Paramount Skydance Corp. (NASDAQ:PSKY)
Number of Hedge Fund Holders In Q2 2025: N/A
Paramount Skydance Corp. (NASDAQ:PSKY), like Warner Bros., has been in the news this month as media reports have suggested that the firm is interested in acquiring the latter. Like Warner Bros., the firm’s shares have also gained since the reports surfaced. They have gained 18% over the past month. Cramer has discussed the deal in detail in his previous appearances. He believes that Larry Ellison, whose son David Ellison financed an $8 billion takeover of Paramount, is not sentimental when it came to the deal. He has also remarked that for the Oracle billionaire, the deal is just a “rounding error.” During this appearance, Cramer wondered whether Netflix might have factored into the thought process behind it:
“But David, this is possible, I’m gonna throw a bomb at you. We all keep saying, well, Disney can’t be Netflix. Comcast can’t be Netflix. Well because they have too much baggage with carriage, could this be any chance that they’ve been modelling this off of Netflix?”
1. United Parcel Service, Inc. (NYSE:UPS)
Number of Hedge Fund Holders In Q2 2025: N/A
Cramer discussed logistics and courier company United Parcel Service, Inc. (NYSE:UPS) as he talked about FedEx. The latter’s shares experienced some positive sentiment last week after its fiscal first-quarter earnings report. Cramer warned viewers about linking United Parcel Service, Inc. (NYSE:UPS)’s performance with FedEx as he discussed the firm’s free cash flow. United Parcel Service, Inc. (NYSE:UPS) currently pays a $1.64 quarterly dividend and has a 7.78% annual dividend yield. However, the CNBC TV host warned that the firm’s dividend might struggle due to its free cash flow:
“The market is, took up UPS with FedEx. I think it’s become very zero sum. They are very much like each other. FedEx deserves to be up 12, maybe 15. But UPS. Let’s remember, UPS, when it comes to the cash flow, I mean when you look at the free cash flow, they pay six fifty six, the dividend. The free cash flow doesn’t cover it. It’s five dollars and 27 cents. So I’m saying, if you think UPS should go up because of FedEx, you got it aaaaaalll wrong.
“[On BMO downgrade] Very smart downgrade. These, FedEx is, FedEx is killing UPS.
“Well I mean look it’s a good storied franchise but the company has said over and over again that the dividend is sacrosanct. But at a certain point, and look we know that there are a lot of companies that continue to pay a high dividend without being covered by free cash flow. I’m just saying don’t get comfortable if the free cash flow doesn’t improve, it’s going to be very hard to maintain a sixty fifty six dividend.”
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