In this piece, we will look at the stocks Jim Cramer recently discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed what’s driving the stock market these days. June proved to be a great month for stocks as the S&P 500 closed the month 5% higher while the NASDAQ Composite and NASDAQ 100 indexes gained 6.6% and 6.3%, respectively. However, for Cramer, these strong gains are indicative of a new kind of trading that is divorced from the typical investor focus on factors such as interest rates and the economy. Calling it an “idea-driven” market, the CNBC TV host commented:
“You know I think that there’s a, I did want to talk about something it’s kind of a little radical here. Uh, when the market was going down, people said that was cause interest rates were going higher. Now, market going down, it’s interest rates going lower. Perhaps what we have to start realizing. . .this is an idea-driven market. It is not an interest rate-driven market. That’s why I say it’s younger people, it’s Gen X, Gen Y, it’s Millennial. They do not focus on, they don’t know the difference between a Fed President, Fed Governor. What they know is an idea is 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 1st.
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. First Solar, Inc. (NASDAQ:FSLR)
Number of Hedge Fund Holders In Q1 2025:
First Solar, Inc. (NASDAQ:FSLR) is an American solar energy company that makes and sells solar panels. The firm’s shares have experienced significant volatility in 2025 and are flat year-to-date. First Solar, Inc. (NASDAQ:FSLR)’s stock gained an unbelievable 52% in May after a House panel surprised investors and left a lot of tax credits in place for solar energy. However, the shares sank by 18% in June after a Senate committee proposed ending credits for solar firms in 2028. Yet, the shares have gained 29% since late June, which Cramer believes might be influenced due to the firm’s domestic manufacturing exposure:
“First Solar, which was up a lot yesterday because they make it here.”
The CNBC TV host had last discussed First Solar, Inc. (NASDAQ:FSLR) in January. Here’s what he said:
“It is a very inexpensive stock. I’m telling you, I’m still reeling from the fact that NXT, Nextracker… actually reported an upside surprise tonight. And… when I look into that and it says that it’s good for solar, I will tell people who belong to the Charitable Trust, to CNBC Investing Club, whether it’s time to get a little more aggressive on solar.”
11. Lam Research Corp (NASDAQ:LRCX)
Number of Hedge Fund Holders In Q1 2025: 91
Lam Research Corp (NASDAQ:LRCX) is an American semiconductor manufacturing equipment provider and one of the most important companies in the industry. Its machines cover several key chip manufacturing processes such as etching and deposition. Lam Research Corp (NASDAQ:LRCX)’s shares have gained 36% year-to-date, primarily due to Wall Street’s bullishness about AI demand that has also pushed NVIDIA’s shares to a record high. Cramer discussed the firm’s intellectual property and shared that he believes the stock can go much higher.
“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.”
Cramer discussed Lam Research Corp (NASDAQ:LRCX) in detail after its latest earnings report in April. Here’s what he said:
“. . I thought Lam was great. I mean Lam was just chock-full of really good numbers.”
“You know Carl, a lot of people feel like we don’t make anything in this country. . .but Lam Research is probably the greatest semiconductor capital equipment company other than Taiwan Semi. And they reported a monster quarter. And Tim Archer, the CEO, came on Mad Money, he’s fantastic, Doug Bettinger . .the CFO. . .just fantastic. This was an amazing quarter, I know it’s up three, it’s gonna go up more. They are just a remarkable company. You can see ADI up today, you can see obviously Texas Instruments up today. On Semi up today. That’s where the rally is coming from. These are industrial, a lot of industrial semis. But Lam is trying to get into the most high-end stuff too. We should be proud. This is where all the intellectual property really lies. With these companies. That’s how they can make these chips. And I think if we were, if Jensen Huang were here or something I think he would say something like you know what we are great because of the companies that make the capital equipment machines. And Lam’s an amazing company.”
“What the administration needs to do among many things is to start celebrating the guys who really have stayed and done great things. Make people feel better. Stop making people feel bad. Lam is a gem. Just a gem.”
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