13 Stocks Jim Cramer Discussed During His Historic Morning Appearance

11. Freeport-McMoRan Inc. (NYSE:FCX)

Number of Hedge Fund Holders In Q2 2025: 96

Freeport-McMoRan Inc. (NYSE:FCX)’s shares dipped by 5.9% on Tuesday after mining firms Teck Resources and Anglo American announced that they would merge to form a $53 billion giant. Naturally, investors were worried since the new entity could complicate Freeport-McMoRan Inc. (NYSE:FCX)’s position in the copper industry at a time when copper is experiencing tailwinds from the AI-related data center buildout. Here is what Cramer said:

“Well look we do want copper plays. Everyone’s tired of buying Freeport, which just goes down on you. Look David, you know that, did you know that this tech has been around forever and you have to hear hedge fund manager after hedge fund manager say [inaudible]. Did you remember delivering alpha? We heard people say this is the one it was like at 27. It has really been a not, not great performer. The last time we heard it was in 2018 when it was 30 and it was supposed to be just the greatest. Well these mineral stocks have not been great.”