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.”
10. lululemon athletica inc. (NASDAQ:LULU)
Number of Hedge Fund Holders: 48
lululemon athletica inc. (NASDAQ:LULU) is one of the 12 stocks on Jim Cramer’s radar recently. When he asked about the company during the lightning round, Cramer commented:
“You know what… I did tell people that I thought it had bottomed, and I was dead wrong. And it’s important to own up that I was wrong. I thought it had come down enough that perhaps it could have bounced, and I didn’t get it right. So I’m going to punt and say I don’t understand LULU. I got it wrong, and let’s just move on.”
lululemon athletica (NASDAQ:LULU) designs and sells athletic apparel, footwear, and accessories for men and women. The company’s products are made for activities such as yoga, running, and training. On June 6, Cramer expressed his shock over the company’s recently reported quarter as he stated:
“I thought that LULU would do better. I thought that LULU would do better. I was quite surprised. I just, it was a bad conference call. It was a bad quarter. I am aghast to think that this could be… such a horrible situation. They had tariff problems. They had the wrong fashion. Everything went wrong for Calvin McDonald, and what can I say? I just don’t think he’s capable of being as bad as that stock was, 17 times earnings. It was a bad quarter, though. And you know… I’ve thought a lot about this, done a lot of soul searching, I am shocked at how they missed the quarter, and I wouldn’t be surprised if there weren’t some shakeups if that happened again.”
9. Roblox Corporation (NYSE:RBLX)
Number of Hedge Fund Holders: 68
Roblox Corporation (NYSE:RBLX) is one of the 12 stocks on Jim Cramer’s radar recently. A caller asked for Cramer’s thoughts on the company, and he said:
“Roblox goes higher. Dave Baszucki, it turns out to be the real deal, and I know that some people were concerned that they weren’t doing the right thing, ethically. I see it. I think Baszucki, ethical man, ethical product. People really like it.”
Roblox (NYSE:RBLX) operates a platform for creating, sharing, and engaging with immersive 3D content. The company offers development tools and infrastructure services that support user-generated virtual experiences and real-time interaction. On June 5, parsing the “new high” list, Cramer remarked:
“There’s no real theme to the other stocks on the list… Then there are two one-offs, Roblox and Mosaic. The game of Roblox is something that fascinates kids. It may be too much for all I know, but the point is it’s insanely popular. It’s done nothing but go up ever since it was attacked by short seller[s]. I gotta tell you, I think that it’s cleaned up its act. I think it’s terrific.”
8. Oklo Inc. (NYSE:OKLO)
Number of Hedge Fund Holders: 23
Oklo Inc. (NYSE:OKLO) is one of the 12 stocks on Jim Cramer’s radar recently. A caller asked about the company during the lightning round. Here’s what Mad Money’s host had to say:
“Okay, I know Oklo really well. There would be a time where I said, listen, don’t touch it. But you know what? Nuclear is coming back. I’m not going to keep anybody out of Oklo. It is just… too likely that they actually do.”
Oklo (NYSE:OKLO) develops and constructs fission power plants that generate stable, large-scale energy. The company also provides services related to the recycling of spent nuclear fuel. It is worth noting that on June 11, Cramer said:
“What else fits the moment? We’ve become transfixed by nuclear power. We know that the data centers that seem to be going up everywhere are humongous users of electricity. We know that the hyperscalers who run the data centers would prefer to use nuclear power because it’s clean. We know that we’ve been decommissioning nukes for decades because we thought they were unsafe. But one company, Oklo, never gave up hope that the nuclear industry could turn things around and has toiled for 12 years to get its form of nuclear power endorsed by our government.
These guys are serious professionals. One of its board members was current Secretary of Energy, Chris Wright, a textbook oil man, CEO of the second largest fracking company, Liberty Energy. Now, Oklo has no earnings and it’s losing… money, but no matter. After the close tonight, the company offered $400 million worth of stock to give them plenty of breathing room. It’s the kind of smart offering that keeps the ball rolling.
Others here should be thinking of the same thing when they have good news, like Oklo. The income statements simply don’t matter in the year of magical thinking because we just learned that Oklo was selected as the intended award winner to power Eielson Air Force Base in Alaska with a nuclear power plant. When it rains, it pours. The NRC, the Nuclear Regulatory Commission, has started reviewing a report that says Oklo could streamline the whole process, which we know is cumbersome… Maybe these guys can build, make it easier to build nukes. I don’t know. Oklo has the whole group jumping, which is exactly what you’d expect in this year of magical thinking.”
7. Arlo Technologies, Inc. (NYSE:ARLO)
Number of Hedge Fund Holders: 23
Arlo Technologies, Inc. (NYSE:ARLO) is one of the 12 stocks on Jim Cramer’s radar recently. The company was extensively discussed by Cramer during the episode as he said:
“Where do I come down on the stock? Oh, here’s the problem: It’s tricky to analyze a company like Arlo Technologies because there’s a lot of competition in the home security space. We’re not just talking about mom and pop outfits here. We’re talking about serious, established companies like ADT and mega-cap technology outfits that have stretched their tentacles into home security, think Google Nest, Amazon Ring. That said, Arlo’s stock is darn cheap compared to its growth rate. Company’s earnings expected to grow at 55% clip this year, yet the stock only sells for 27 times earnings. Where I’m from, that’s a steal. While competitors like ADT trade at a much more modest 10 times earnings, they also have much slower growth rates.
In some markets, growth-oriented managers would be willing to pay more than 50 times earnings for a company with a 50% earnings growth rate. And honestly, that’s pretty likely. While Arlo’s product revenue is down, their higher-margin subscription service business is growing like a weed. Just keep in mind that you’re buying stock that’s up over 50% since it reported in early May, buoyed by the announcement earlier this month that Arlo had eclipsed $300 million in annual revenue, and that’s the recurring revenue.
Okay, so here’s the bottom line: This is a tough one here. See, I think Arlo Technologies has a real good story, relatively cheap stock, but then again, the thing has run up so rapidly that it might be due for a cooling-off period. I don’t like to recommend stocks that have moved that far that fast. So here’s what you can do: You got my blessing to put on a small position here, but you gotta wait for a buyback before you buy more.”
Arlo Technologies (NYSE:ARLO) provides cloud-based security solutions through a range of smart cameras, doorbells, and monitoring systems, supported by subscription services that include video recording, emergency response, and professional monitoring. The company’s product lineup features high-resolution video, wide field of view, advanced detection capabilities, and remote access tools for both personal and business use.
6. Visa Inc. (NYSE:V)
Number of Hedge Fund Holders: 165
Visa Inc. (NYSE:V) is one of the 12 stocks on Jim Cramer’s radar recently. During the episode, a caller asked about the company, and Cramer replied:
“Alright, well, look, let me just go over this Visa situation. There have been many, many times in my career that people have challenged Visa. Many times that people have sold Visa. Every time, they are wrong, and they’ll be wrong again.”
Visa (NYSE:V) is a payment technology company that enables transactions through its global network. The company provides card products, digital payment solutions, risk management tools, and consulting services. On June 5, discussing the “new high” list, Cramer commented on the company as he said:
“Now, there are plenty of fintechs that have come public in the last 10 years. They always have their adherence and believe the whole group should be on the 52-week high list. It is so overloved that it makes me sick. I find these now repulsive. But if you want to know what a reliable fintech looks like, look no further than Visa, which I can’t believe is on the high list even though it had a terrific quarter, of course… Visa’s the one that’s made it right now.”
5. Keurig Dr Pepper Inc. (NASDAQ:KDP)
Number of Hedge Fund Holders: 54
Keurig Dr Pepper Inc. (NASDAQ:KDP) is one of the 12 stocks on Jim Cramer’s radar recently. A caller asked if the company would be able to compete with Coca-Cola long term despite its “high debt”. In response, Cramer said:
“Yeah, no, I don’t want to touch that one. I think if you want to be in that space, you want to be in Coca-Cola. I think Coca-Cola has demonstrated, first of all, I don’t want to be in that space because there’s just… the Secretary of Health and Human Services is against it. The GLP-1s, the new one from Amgen, just makes it tougher and tougher. You don’t want to be in the space…”
Keurig Dr Pepper (NASDAQ:KDP) produces and distributes a wide range of beverages and single-serve brewing systems, including branded concentrates, ready-to-drink products, and coffee-related goods. Oakmark Select Fund stated the following regarding Keurig Dr Pepper Inc. (NASDAQ:KDP) in its Q4 2024 investor letter:
“Keurig Dr Pepper Inc. (NASDAQ:KDP) is one of North America’s leading beverage companies, with dominant positions in single-serve coffee and flavored soft drinks. The soft drink portfolio has an impressive track record of volume growth and market share gains. We believe this performance can continue due to favorable demographic trends, brand strength, and distribution advantages. Recently, weakness in the Keurig coffee division caused the stock price to come under pressure. However, we believe these industry-wide challenges will prove transitory because coffee remains a popular beverage. Keurig’s coffee division is poised to capitalize on this demand with the largest installed base of single-serve brewers and ample runway to increase household penetration. At the current quote, the market ascribes minimal value to Keurig. We were happy to purchase shares in this above-average business at a discount to the market multiple, other beverage peers and private market transactions.”
4. Darden Restaurants, Inc. (NYSE:DRI)
Number of Hedge Fund Holders: 36
Darden Restaurants, Inc. (NYSE:DRI) is one of the 12 stocks on Jim Cramer’s radar recently. Discussing that DRI stock was down for the day on Monday despite the “consumer discretionary group ending the day as the best performing sector”, Cramer stated:
“… I think it presents a compelling opportunity for you out there… Last Friday, [it] reported a phenomenal quarter… Now, this is just the latest in a long line of strong results from these guys… You’re getting this great quarter for free. I think that is quite simply a steal… On top of that, management gave a solid full-year forecast… On Friday’s conference call, CEO Rick Cardenas also gave a quick summary of Darden’s new five-year plan. I found it pretty encouraging.
… But perhaps the most interesting thing from the company’s earnings call came from a response that Cardenas gave to the first analyst question… Specifically, [he] wanted to know why some of the larger chains, like the ones run by Darden, appear to be doing much better than the smaller operators. Cardenas explained that it’s all about value. During the past five years, while the price of everything was going up, Darden has worked hard to keep its price increases below inflation. This is absolutely true, and now that the consumers have become more value-conscious, they’re going to places like Olive Garden that offer them tremendous deals. It’s gotten to the point where Darden’s taking share from the fast food and fast casual chains, they used to dominate on the value front…
… When we found out how ineffective the Iranian attack was, oil ended up closing down more than 8%, which is incredibly bullish for Darden stock. The bottom line: I think you’re getting a tremendous opportunity with the Darden pullback today. Not only are you getting a good quarter for free, but if higher oil really does take a bite out of consumer spending, companies like Darden might be able to take even more market share because they’re the ones that offer people the best value at this moment. With the stock selling for roughly 20 times this year’s earnings estimates, supporting a 2.7% yield, not to mention that $1 billion buyback, I bet this one is a winner.”
Darden Restaurants (NYSE:DRI) owns and operates a portfolio of full-service restaurants across the U.S. and Canada, and the company’s brands include Olive Garden and LongHorn Steakhouse.
3. HEICO Corporation (NYSE:HEI)
Number of Hedge Fund Holders: 65
HEICO Corporation (NYSE:HEI) is one of the 12 stocks on Jim Cramer’s radar recently. When a caller inquired about the company during the episode, Cramer commented:
“Oh man, that is an aerospace defense stock. That is such a good company. Look, I mean, it is reckless for me to say, don’t sell any with that concentration that you have. So you will take some off tomorrow just because you’re going to be a good soldier. But I gotta tell you, I like the stock. Is that a contradictory thing, what I just said? No, because discipline always trumps conviction. I have conviction that the stock will go up, but discipline says you gotta do some selling.”
HEICO (NYSE:HEI) designs, manufactures, and sells products for the aerospace, defense, and electronics sectors. The company supplies parts, systems, and services for commercial and military aircraft. Moreover, it develops advanced electronic technologies used in specialized applications.
2. Circle Internet Group (NYSE:CRCL)
Number of Hedge Fund Holders: N/A
Circle Internet Group (NYSE:CRCL) is one of the 12 stocks on Jim Cramer’s radar recently. A caller asked if they should hold or sell the stock. Cramer replied:
“Okay, Circle is a short squeeze. Tomorrow morning, you will sell 50% of your position… You will let the rest run. You will do that tomorrow for me, and I thank you.”
Circle Internet (NYSE:CRCL) operates a blockchain-based platform that enables stablecoin issuance, tokenized assets, and digital payment infrastructure. The company offers a range of financial tools and developer solutions intended to support organizational access to the digital economy. On June 24, Compass Point initiated coverage of CRCL with a Neutral rating and a $205 price target.
The firm views stablecoins as a potential disruptor to the financial system, as blockchain technology reduces reliance on banks and payment networks. The firm noted that the company is offering “pure-play exposure to this disruptive technology” and is currently the largest issuer of regulated stablecoins. Despite these strengths, the firm cited the risk of new market entrants and pressure on gross margins as key factors behind the Neutral rating.
The analyst noted that USDC’s “leading tech and liquidity provide long-term advantages,” and highlighted Circle Internet’s (NYSE:CRCL) distribution partnerships with major players in the crypto sector. The firm pointed out that mainstream businesses maintain broader access to end users. It added that, given the current valuation, “it is clear investors aren’t valuing the stock on near-term earnings.”
1. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders: 77
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 12 stocks on Jim Cramer’s radar recently. A caller inquired what it would take for Cramer to get behind the company like he did with CoreWeave. In response, Cramer remarked:
“Alright, but the CoreWeave, we got that, we got the four times there. That was a good one. Alright, now Palantir at $50, I said it’s going to a $100. At a $100, I said it’s going to $200. Can I wait till it gets to $200 before I have to raise my price target? But I will, believe me.”
Palantir (NASDAQ:PLTR) develops software designed to help organizations analyze and interpret large-scale data in support of critical decision-making. The company’s product suite includes the Gotham, Foundry, and Apollo platforms, as well as an advanced artificial intelligence system. It is worth noting that on May 23, Cramer commented:
“Palantir’s just plain out expensive, but there you can use a rule that tells you about growth versus margins. And it turns out to be much less expensive than a lot of other companies because the growth is very good and the margins are high… Although Palantir’s a little too speculative for me.”
While we acknowledge the potential of Palantir Technologies Inc. (NASDAQ:PLTR) as an investment, our conviction lies in the belief that 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 PLTR and that has 100x upside potential, check out our report about this cheapest AI stock.
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