Jim Cramer, host of Mad Money, broke down Monday’s market rally by pointing to a combination of factors, including geopolitical developments and commentary from a few Federal Reserve officials that reassured investors.
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“Today, the market breathed a bullish sigh of relief when Iran simply fired ordinary missiles at our military bases in the region… Look, clearly the stock market’s got it right because the price of oil only closed down more than $6 or 8% today… At the end of the day, chaos in the Middle East is business as usual for Wall Street.”
However, it should be noted that it was not just the geopolitical news that fueled the optimism. Cramer pointed to remarks from two Federal Reserve officials on Monday who hinted at the possibility of rate cuts as early as next month, especially if tariff pressures “don’t bump things up too much”.
“Here’s the bottom line: I know that all sounds glib, but it’s accurate. It’s what happens, and you need to know that. I don’t think we could have had such a bullish day without those Fed officials floating the idea of imminent rate cuts, but it’s entirely possible that our government destroyed Iran’s nuclear program. That means this war may be nearing its end, and a jump in oil prices may have been taken off the table. If anything, oil could really plummet here as Russia and Iran flood the world… for much-needed cash. That’s what the market’s saying, and that’s what I’m saying too.”
Our Methodology
For this article, we compiled a list of 12 stocks that were discussed by Jim Cramer during the episodes of Mad Money aired on June 23. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the first quarter of 2025, which was taken from Insider Monkey’s database of 1,000 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
12 Stocks on Jim Cramer’s Radar Recently
12. BlackSky Technology Inc. (NYSE:BKSY)
Number of Hedge Fund Holders: 9
BlackSky Technology Inc. (NYSE:BKSY) is one of the 12 stocks on Jim Cramer’s radar recently. Answering a caller’s query about the company, Cramer said:
“Yeah… Now, this is a very hard, look, they do this real-time spatial… I think it’s a competitive space. I’m not sure I want to be in it, especially because the stock’s up a great deal.”
BlackSky Technology (NYSE:BKSY) provides geospatial intelligence and data analytics through a combination of satellite operations, software platforms, and sensor integration. The company’s services support object and anomaly detection, site monitoring, and pattern-of-life analysis across strategic and infrastructure-related locations. As per a June 24 press release, the company secured a delivery order exceeding $24 million over four years from the National Geospatial-Intelligence Agency (NGA) under the Luno A Facility Operational Monitoring (FOMO) program.
The order includes an initial base and surge option award totaling $2 million. BlackSky Technology (NYSE:BKSY) will provide AI-enabled object and pattern-of-life change detection to track trends and anomalies in global military and economic facility activity. Monitoring will cover vehicles, aircraft, vessels, railcars, and ground equipment at locations such as ports, airfields, military bases, and railways. The company currently monitors more than 30 million square kilometers of Earth’s surface for the NGA. In October 2024, the NGA awarded the company a five-year, multi-award, indefinite-delivery, indefinite-quantity contract under Luno A, valued at up to $290 million.
11. Reddit, Inc. (NYSE:RDDT)
Number of Hedge Fund Holders: 72
Reddit, Inc. (NYSE:RDDT) is one of the 12 stocks on Jim Cramer’s radar recently. A caller asked for Cramer’s opinion of the company, and he replied:
“I like Reddit. I think Huffman’s the real deal. I think that their advertising, you can reach people there… You can target an audience with advertising. It is so much cheaper than all these social medias and one day they’re going to be able, everyone’s going to find out about it. I’m telling you.”
Reddit (NYSE:RDDT) operates a platform where users participate in discussions, share content, and interact within topic-based communities. Maple Tree Capital stated the following regarding Reddit, Inc. (NYSE:RDDT) in its Q1 2025 investor letter:
“Reddit, Inc. (NYSE:RDDT) is Heartwood’s newest, and smallest, position. We anticipate growing this position in size over the coming quarters and years as the story parallels pretty closely to what we see in Grindr in the Jonagold portfolio. Reddit holds incredibly unique and structured user-generated data, which will be extremely valuable in the AI era. Additionally, their user base spends a ton of time on the app. It is far easier to monetize users if you have users! Reddit has spent decades acquiring a user base and is just at the beginning of their monetization journey. More people visit Reddit every day than they do Netflix. Their balance sheet is clean, but stock-based compensation and dilution are significant. We wrote a little more about Reddit here and expect to share more on our thesis shortly.”
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