In this piece, we will look at the stocks that Jim Cramer recently discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the recent stock market rally. He outlined that as opposed to most rallies, this one was not led by the Magnificent 7 stocks. Cramer commented that the rally was quite broad and influenced by bank and industrial stocks:
“We’re coming in hot. But it may not matter. We’ve got a lot of companies that I think are going to report great numbers. We’re led by different stocks. We’re not led by Mag 7. We’re led by the banks and a lot of industrials and I kind of like that. The rally is as broad as you could get. I think anytime, if you look at anytime say the last decade, you would say, you know what okay sure maybe there should be a pullback but I want in. Because the stocks that are selling at low multiples are going higher.
The CNBC host also commented on trade deals and President Trump’s recent bill that cleared Congress:
“The trade deals are going higher. . . the trade deals are good. So I don’t, look I can easily criticize. And I don’t. Do I like Medicaid being cut? I mean we can go into that. No I mean I don’t, because Medicaid’s for people who are poor and do I like the fact that I get a big tax break? Well everyone wants a big tax break, but would I forgo it in order for people to have more healthcare? Kind of yeah, I want this country to be rich. That’s how I get rich, is that the country be rich. But I think that, Carl, yes there’s three trillion dollars added, let’s say you take Secretary Bessent at his word, you get a nice rebate from the tariffs. So it’s not easy to spitball, it’s not easy to say, look are you kidding me? Spitball meaning like spitballing the President. It’s not easy to do that because there are a lot of things that good!”
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 July 7th.
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. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders In Q1 2025: 150
Netflix, Inc. (NASDAQ:NFLX) is the world’s largest streaming company and one of Cramer’s favorite stocks. The firm’s shares have gained 43.8% year-to-date, primarily due to its wide lead in the streaming industry. In his earlier remarks about Netflix, Inc. (NASDAQ:NFLX), Cramer has praised the firm’s content pipeline and its global operations in particular. The firm is also rapidly expanding its business to include programming typically offered by traditional media and left out by it. For instance, Netflix, Inc. (NASDAQ:NFLX) recently announced that it would partner with NASA to stream space-related content to viewers. Cramer commented on a recent downgrade by Seaport that saw the firm downgrade Netflix, Inc. (NASDAQ:NFLX)’s shares to Neutral from Buy and remove its previous $1,230 price target. Here’s what Cramer said about the downgrade:
“Look anyone who feels that they want to take Netflix off the table, that’s okay.”
In his earlier comments about Netflix, Inc. (NASDAQ:NFLX), Cramer commented on the firm spending a billion dollars in Spain:
“Fantastic. . . when you’re on the conference call, they talked about how demand for content and you make it there versus how we do it which is we parachute down and then we get a couple of scenes. They are just, they talk about playing chess and checkers. I mean they are loved overseas because they provide a lot of jobs, the product is very colloquially Spanish. They’re tough to beat.
“How about they make a movie in Uruguay about, you know about the plane crash and cannibalism. It’s like. . Uruguay must be like, this is our chance. Because no, Netflix is a global source.”
10. Wells Fargo & Company (NYSE:WFC)
Number of Hedge Fund Holders In Q1 2025: 88
Wells Fargo & Company (NYSE:WFC) is one of the biggest and most controversial banks in America. 2025 has been an important year for the firm as it has finally been able to shake off restrictions levied on it by the Federal Reserve in 2018 after a fake accounts scandal. Wells Fargo & Company (NYSE:WFC)’s shares have gained 16% year-to-date and are up by 33.8% since early April after experiencing a sharp 15.6% drop in April after President Trump’s Liberation Day tariff announcements. In his previous remarks about the bank, Cramer has wondered whether the stock is too cheap and pointed out that Wells Fargo & Company (NYSE:WFC) CEO Charlie Scharf is seeking to gain market share from rivals. This time around, he commented on Raymond James downgrading the stock to Market Perform from Outperform:
“Wells I think is ridiculous. You got 14 times earnings with a final breakout just because it gets to a high. That makes no sense to me.”
Earlier, the CNBC TV host had commented on Wells Fargo & Company (NYSE:WFC)’s valuation:
“Finally, there’s Wells Fargo, another Charitable Trust holding, and a company that’s been on a regulatory winning streak since a month ago when the Fed lifted the asset cap that’s been holding them back for seven years. Wells Fargo announced a 12.5% dividend hike, which brings that yield up to 2.19%… Bank of America and Wells Fargo are the next cheapest, but they both trade at a little less than 2 times tangible book value, a huge premium to Citi… And look, when you judge the bank stocks on a price-to-earnings basis, you get a similar story… Bank of America and Wells Fargo, 13 and 14 times earnings, respectively…
Still, with the banks featuring discount multiples compared to the overall market, you know what, I’m not so sure that the good times… necessarily have to end for this group. I think they can continue moving higher. The bottom line: In this environment, I bet the big banks are some of the best investments this year, yet still very inexpensive, at least on earnings versus the rest of the market, have more room to run, maybe much more. As for which ones you should own, well, that’s a personal choice. I’m very happy with Goldman Sachs and Wells Fargo. We own those for the Charitable Trust.”
9. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)
Number of Hedge Fund Holders In Q1 2025: 64
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is one of the largest cybersecurity companies in the world. Its shares have gained 46% year-to-date and have successfully recovered their 32% in losses between mid-February and March. However, while the stock is up since its March bottom, it fell by close to 6% in June after CrowdStrike Holdings, Inc. (NASDAQ:CRWD)’s midpoint quarterly revenue guidance of $1.145 billion fell short of analyst estimates of $1.16 billion. In his previous remarks about the company, Cramer has continued to remain bullish about the cybersecurity industry due to several factors, such as state-backed cyber criminals. Here are his recent thoughts about CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the aftermath of a Piper Sandler downgrade:
“I myself have sold some Crowdstrike for my charitable trust cause I said, alright, this is one of the greatest runs we’ve ever had. And I’m being, you know I don’t like the fact that I’m being greedy. And I don’t mean, George Kurtz watched the show, and I’m sorry George Kurtz, I just don’t want to be part of that.”
Previously, Cramer commented on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the context of strength in the cybersecurity market:
“First positive area is cybersecurity. The dangers have never been greater, and the group’s winners are bountiful because there’s just so much business, because there are so many cyber criminals, and some of them are state-sponsored. We’re doing something for the club that we’ve never done. We actually own two of them for the trust, two… We own CrowdStrike and Palo Alto Networks. It’s rare for us to have two stocks in the same relatively small sector, but the companies are doing so well that I kind of wish we even owned the third… Still, Palo Alto and CrowdStrike are winning huge deals. And while their stocks have been volatile at reporting time, their long-term direction is clear: It’s higher.”
8. Applied Materials, Inc. (NASDAQ:AMAT)
Number of Hedge Fund Holders In Q1 2025: 83
Applied Materials, Inc. (NASDAQ:AMAT) is one of the few semiconductor manufacturing equipment providers in the world. While most media focus is on the Dutch firm ASML when it comes to these machines, Applied Materials, Inc. (NASDAQ:AMAT) also plays a key role in the industry as it provides machines that are used in the different phases of manufacturing a chip. The firm has been a part of Cramer’s recent coverage in the context of the role that the US plays in the global semiconductor industry, which allows the government to squeeze industries of countries deemed to be acting against American national security interests. His recent remarks about Applied Materials, Inc. (NASDAQ:AMAT) continued on the theme:
“AMAT is about to have a renaissance. Because our companies are really. . .this is where the big intellectual property for our companies. And we don’t talk about it enough, is making chips. Those are the companies that preside over the greatness of the cycle. I wonder if Jensen might even agree with me on that.”
In his previous comments about Applied Materials, Inc. (NASDAQ:AMAT), Cramer commented that he preferred Lam Research instead:
“Applied Materials, recommended this very morning, got a nice upgrade, but I prefer Lam Research. That’s capital equipment for semiconductors.”
7. KLA Corporation (NASDAQ:KLAC)
Number of Hedge Fund Holders In Q1 2025: 61
KLA Corporation (NASDAQ:KLAC) is a semiconductor manufacturing equipment provider whose machines are used throughout the manufacturing process. Some regions where its products are used include measuring chip defects and ensuring that the wafers and the machines are aligned properly. KLA Corporation (NASDAQ:KLAC)’s shares have gained 44% year-to-date due to a 31% jump since early May. The stock has performed well due to robust earnings and positive analyst sentiment. Cramer’s previous comments about KLA Corporation (NASDAQ:KLAC) have called the firm the “brains” behind the semiconductor industry. Here are his recent thoughts:
“AMAT is about to have a renaissance. Because our companies are really, KLA, most importantly, Tim Archer at Lam, this is where the big intellectual property for our companies. And we don’t talk about it enough, is making chips. Those are the companies that preside over the greatness of the cycle. I wonder if Jensen might even agree with me on that.”
In his previous comments, Cramer discussed KLA Corporation (NASDAQ:KLAC)’s advantages in the global industrial equipment manufacturing industry:
“People think we don’t make anything in this country, but KLA proves them wrong. They make the most sophisticated equipment in the world and export 88% of their products. This is where the real intellectual property resides—this is what we do best in America.”
6. Lam Research Corp (NASDAQ:LRCX)
Number of Hedge Fund Holders In Q1 2025: 91
Lam Research Corp (NASDAQ:LRCX) is the final semiconductor manufacturing equipment provider on our list. The shares have gained 37.8% year-to-date as investors continue to remain optimistic about the mid to long-term prospects of the AI industry. Lam Research Corp (NASDAQ:LRCX) is also one of Cramer’s top chip manufacturing equipment stocks, as in a previous appearance, he remarked that the firm’s valuation is incredibly low when compared to its peers. This time around, he pointed towards the criticality of Lam Research Corp (NASDAQ:LRCX)’s position in the global chip manufacturing industry and the advantage this offers the US:
“Because our companies are really. . .Tim Archer at Lam, this is where the big intellectual property for our companies. And we don’t talk about it enough, is making chips. Those are the companies that preside over the greatness of the cycle. I wonder if Jensen might even agree with me on that.”
The CNBC TV host recently discussed Lam Research Corp (NASDAQ:LRCX) in detail. Here is what he said:
“I’m using this as a metaphor. People are reaching for things they feel have not kept pace with the big tech rally. This morning Morgan Stanley goes Applied Materials, they’re like KLA, but I want to focus on Lam Research because it’s only 25 times earnings. You’ll see the chart it’s not like it missed anything, it’s like boom. But it can still take out that August high of last year. This is an amazing company and what people don’t realize is that the intellectual property for our semis, has to do with the capital equipment companies. And the one that I think is the most sophisticated is Lam. So I actually don’t want people paying 25 times earnings.”
5. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders In Q1 2025: 104
Tesla, Inc. (NASDAQ:TSLA) is another frequent feature of Cramer’s morning show. Throughout this year, Cramer has discussed the firm in the context of CEO Elon Musk’s tussles with President Trump, Musk’s initial cost-cutting efforts in the US government, weak deliveries, and the potential to benefit from the humanoid robot wave. Despite the fact that Tesla, Inc. (NASDAQ:TSLA)’s shares have dipped by 21% year-to-date, Cramer has continued to remain optimistic about the firm as he believes that it can enjoy significant tailwinds from robots and self-driving. Here are his recent thoughts about Tesla, Inc. (NASDAQ:TSLA):
“[OnWilliam Blair downgrade citing EV and regulatory credit loss as driving a downgrade] I read and plus the story about China and how they’re lagging. And I come back and say okay, when you make those two points, tomorrow there’ll be someone who says, look it’s not a caa company. It’s humanoid and it’s self driving. And that ability to be able to select why you like the stock of Tesla is something that is beginning to annoy me. I happen to like Tesla but I’m just saying I like it for humanoid, I like it for self driving. Forget about the car because those are better markets. But these guys are like, the deliveries are bad, I’m gonna downgrade. You know come on, just be consistent. Be consistent. This thing is a juggernaut when it comes to humanoid and when it comes to self driving and that’s what I care about.”
Earlier, Cramer discussed Tesla, Inc. (NASDAQ:TSLA) in the context of frictions between Trump and Musk:
“. . .this is the first time that I’ve seen this stock get crushed because the President did say that the subsidies, he’s [Musk] the most subsidized person in America, alluded to maybe a trip to South Africa. . .
“Well, he [Trump] liked his Tesla. . .
“They don’t go up in value, remember when Hertz. . .
“Well a lot of people did feel that this. . .friendship could mean that the interstate highway system would allow self driving vehicles, including Musk. And it was about self driving and it was about what a leg up he had because of his relationship with President Trump. And now you don’t see that.
“Well look there’s a definitive group of people who are almost gleeful that the car sales are so bad which allows them to talk about robots, allows them to talk about self driving. It’s almost like look, we don’t have to do with that narrative anymore, everyone knows the car sales are bad. But we know that there is a subsidy that’s going away. That’s different from bad car sales.”
4. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders In Q1 2025: 328
July has seen Amazon.com, Inc. (NASDAQ:AMZN) increase the frequency of its appearances on Cramer’s morning show. Most of his discussions about the company have surrounded the firm’s Alexa Plus service and its potential to allow Amazon.com, Inc. (NASDAQ:AMZN) to stand shoulder-to-shoulder with America’s leading AI companies. Cramer also believes that the firm is playing a key role in keeping prices low in the US. Here are his recent thoughts about Amazon.com, Inc. (NASDAQ:AMZN):
“Well look I think that, in my speech that I’m giving on Friday, I talk about the idea of, there’s inflation brought on by tariffs and then there’s deflation brought on by Andy Jassy. And we have to start recognizing these stupid things that we get, for the CPI, PPI. . .Do they really take into account Amazon Prime? I mean take a look at the things that are about to be on sale . . .but these are really anti-inflation. And it just should matter. And no president has ever, I tried to get the Biden people to say why don’t you say something good about Costco, and they’re like, what are you talking about, I mean well a 150 million people is a huge number of people that belong to Costco.Why don’t you talk about Prime? None of the politicians want to touch anything good that we seem to do as business people.”
Previously, Cramer discussed his interview with Amazon.com, Inc. (NASDAQ:AMZN) CEO Andy Jassy:
“What I said to Jassy is when are we going to see the merger between Alexa Plus and robots. Because Alexa Plus is reasoning. And Alexa Plus can, you go back and forth with Alexa Plus. I’ve had my, you know I used to speak to regular Alexa and it was very one way. It was a really bad marriage. No I’m not kidding.
“Let’s talk money. Alexa Plus has lost them billions. This is not going to do that. This is about making money. So you’re gonna have a delta. When you see these things, that they’ve been losing money on and they switch like international, then you have to recognize wow. this is now a new trajectory. Nobody cares right now. It’s part of a group of stocks that people just think are not where the action is. And I think that that’s big mistake. I think that you could have Amazon Prime three days and you could raise numbers.
“[on whether Alexa could compete with ChatGPT, Siri, and others] I thin. . .Alexa Plus is very knowledgeable about a lot of things. Right now Siri, not that smart about things. Yesterday I got something wrong about HPE. HPE is going to be able to keep Aruba. Some of that was because I was looking at these sites during our show and the sites can misinform you.
“I asked Andy Jassy by the way, whether, there was a Reuters story yesterday, that said his prices were, they did this analysis, and the prices are up already because of the tariff. Andy just point blank denied that. He said that this is not true. He did say that a lot of companies bought stuff forward. But he is not seeing any inflation from China yet. Now this is the crux of when will the Fed see it, when will we see it. We’re not seeing it yet.”
3. Costco Wholesale Corporation (NASDAQ:COST)
Number of Hedge Fund Holders In Q1 2025: 93
Costco Wholesale Corporation (NASDAQ:COST) is one of the largest discount retailers in America. It is also one of Cramer’s top retail stocks as the CNBC TV host has stressed multiple times this year that, along with Walmart, Costco Wholesale Corporation (NASDAQ:COST) is playing a key role in bringing down prices for inflation-ridden consumers in America. His recent comments followed this theme:
“Well look I think that, in my speech that I’m giving on Friday, I talk about the idea of, there’s inflation brought on by tariffs and then there’s deflation brought on by Andy Jassy. And we have to start recognizing these stupid things that we get, for the CPI, PPI. Do they really take in Costco?. . .I mean take a look at the things that are about to be on sale . . .but these are really anti-inflation. And it just should matter. And no president has ever, I tried to get the Biden people to say why don’t you say something good about Costco, and they’re like, what are you talking about, I mean well a 150 million people is a huge number of people that belong to Costco.”
In his earlier remarks, Cramer discussed Costco Wholesale Corporation (NASDAQ:COST), inflation, and tomatoes:
“I think that when it comes to inflation. . .Costco. . .they are with the people.”
“Right well I mean Costco’s tomatoes are from, they are famously from Mexico, not the Florida tomatoes that I could hit you with and you would fracture your skull. And those are going to go up in price, what can they do. But they’ll shift things around.”
2. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders In Q1 2025: 97
Oracle Corporation (NYSE:ORCL) is an enterprise software and cloud and AI computing infrastructure company that has quietly shaped itself to become one of the most crucial companies in the technology industry. Its shares have gained 41% year-to-date, primarily due to a 22% jump in June. Oracle Corporation (NYSE:ORCL)’s stock rose after the firm’s fiscal fourth quarter report saw it guide $67 billion in revenue for its fiscal year 2026. Cramer discussed the firm in the context of a report that suggested that it was offering the government discounts for enterprise software:
“I was thrilled to see that. Wow. I mean, how great to offer that. I think that was, I was shocked at that. Look when they from 105 to 110, when they went to this level, to say that they’re anything other than unbelievable, Larry Ellison, Safra Catz, they’re just extraordinary. They’ve created a huge amount of wealth for people. Huge. Yeah I mean Safra, I had Safra on and she was talking a really big game and I said come on Safra, don’t say that unless you mean it. And she meant it. And good for her.”
Previously, Cramer discussed Oracle Corporation (NYSE:ORCL)’s announcement of a major contract through an SEC filing which had led to a 3.9% share price jump:
“So Safra Catz this morning, the CEO of Oracle, comes out this morning and says things are even better than you think. So here’s a stock that is up 14, that’s not trading with the Fed, that’s trading with Oracle having a new business model from 110 to 223. That’s of great interest to many of our viewers because they made a lot of money.
“[On a recent 8K filing] Well what it says is again, the data center is alive and well and you’re gonna see all the data centers stocks keep going up. Okay so this is a secular trend, that is so important that again if we decide you can’t buy it cause of tariffs, July 9th, then you miss a very huge gain. I would say, that’s new information. I don’t know who it is. David, for all I know it’s a private equity company [a new client].
“[On how the 8K came with a disclosure that the contract it mentioned won’t affect the firm’s guidance provided on June 11th] Well that’s what matters. . . that’s not good. People are going nuts for something they shouldn’t be. It should be no different today. . .”
1. 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 biggest enterprise computing companies in the world. Additionally, and silently, the firm has also placed itself as a potential leader in the nascent and budding quantum computing industry. International Business Machines Corporation (NYSE:IBM)’s shares have gained 31% year-to-date due to quantum and AI computing catalysts. Additionally, it is among the few firms in the world with the technology and expertise to design leading-edge transistors. These transistors, such as the gate-all-around-field-effect-transistor (GAAFET), are key for designs such as Samsung Foundry to overcome the constraints of older transistors, such as FinFET. Cramer was full of praise for International Business Machines Corporation (NYSE:IBM)’s CEO, Arvind Krishna:
“I mentioned that, I wanna salute CEOs who create great wealth. Arvind Krishna has done a remarkable job at IBM. It’s now up to 27 times earnings. And then Ben Reitzes at Melius and comes out and reminds people it can continue. This is the kind of thing that’s quietly happening. That people are making a lot of money in. And you know it doesn’t get mentioned other than the day of earnings. And I think that I salute this man, Arvind Krishna, who took a stock that hadn’t done anything for a very long time and look at that wealth he’s created. And he came in he said he’s gonna embrace the cloud, he did it, he said he’s gonna make some acquisitions that are going to be very good and he has. And congratulations to everybody involved.”
Earlier, the CNBC host attributed International Business Machines Corporation (NYSE:IBM)’s share price gains to quantum computing:
“And IBM does have quantum, and that’s one of the reasons that why IBM is at an all time high!”
While we acknowledge the potential of IBM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IBM and that has 100x upside potential, check out our report about this cheapest AI stock.
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