On Tuesday’s episode of Mad Money, host Jim Cramer turned his attention to the soaring price of beef and looked at insights from Carley Garner, a seasoned market technician, co-founder of DeCarly Trading, and author of Higher Probability Commodity Trading.
“For five years now, five years, the price of beef has exceeded even the most wildly bullish expectations. So can it keep climbing, or will the beef boom turn into an inevitable beef bust?”
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Referencing Garner’s analysis, Cramer explained that she is skeptical of the current bullish trend in beef. He emphasized that cattle prices are still climbing, but much of that increase stems from an unusually tight supply situation. He went on to say, “This is an unsustainable run, people.” He also mentioned that cattle prices appear to be closely tracking movements in the S&P 500.
According to Cramer, changes in currency exchange rates could lead to a substantial correction in live cattle prices, from the current level of $2.25 down to around $1.80. He noted that, as per Garner, when it comes to commodities, the most dramatic narratives tend to surface “at the top or the bottom”.
“Here’s the bottom line: High beef prices have been agonizing for me personally, but the charts as interpreted by Carley Garner suggest that there’s only so long that this can go on before the cost of cattle comes back down.”
Our Methodology
For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on July 22. We listed the stocks in ascending order of their hedge fund sentiment 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).
13 Stocks Jim Cramer Looked At
13. SoundHound AI, Inc. (NASDAQ:SOUN)
Number of Hedge Fund Holders: 18
SoundHound AI, Inc. (NASDAQ:SOUN) is one of the stocks that Jim Cramer looked at. Answering a caller’s query about the company, Cramer said:
“SoundHound, okay. So SoundHound is one of those stocks that has to be eviscerated over the next couple of days because it’s part of the evisceration crowd. I mean, one of the things that’s happening here is we’re in a rotation, selling all these stocks and… buying a stock in Campbell Soup. Now that is not necessarily my kind of rotation, but it is one that is going on. And I have to say, I would be a little careful, SoundHound.”
SoundHound AI (NASDAQ:SOUN) develops voice AI solutions that power conversational experiences across industries using platforms like Houndify and SoundHound Chat AI. The company provides tools for custom voice assistants, real-time data integration, and advanced speech recognition technologies. During a May episode, when a caller inquired about the stock, Cramer replied:
“SoundHound, I gotta look at Professor Ben Stoto, the scientist. He and I often coagulate about SoundHound, there’s a new way to use a bad verb, and it’s not true. Here’s the deal, I think SoundHound is really, it’s not a thing of imagination. They could end up making money, but enough, enough with the SoundHound. Hey, look, I tolerate Palantir. How much can you ask from one person?”
12. Kohl’s Corporation (NYSE:KSS)
Number of Hedge Fund Holders: 31
Kohl’s Corporation (NYSE:KSS) is one of the stocks that Jim Cramer looked at. During the episode, Cramer suggested that the short sellers cover their shorts and “move on.” He commented:
“It all started on social media. I saw it on Reddit’s Wall Street Bets section, it’s time to buy the stock of Kohl’s. Why? Because of the gigantic short position… It was all about the short position, which is close to 50%… of the float, yet nearly half of the shares that trade were sold short. Whenever you have such a huge short position, it’s easy for buyers to get together online and orchestrate a short squeeze, defenestrating the hedge funds that are shorting it, to which I say, what the heck do the shorts, not the memesters, but the shorts think they’re doing here?… This chain with the balance sheet that isn’t all that bad simply should not be that heavily shorted down here. It’s moronic. Kohl’s may not be great, but it isn’t terrible either…
Kohl’s was a textbook example of a stock that had become perfect for the GameStop playbook. Ganging up on the shorts was like shooting fish in a barrel…
… Look, I don’t have a dog in this hunt. I am not a friend of the shorts or those who are trying to destroy them. I will say that where there’s smoke, there may even be some fire, given how this one ignited into a double so fast. The shorts have clearly overstepped their boundaries with Kohl’s. They’ve run into a buzz-saw of their own creation. Even now, I think they’d be wise to cover their short and move on before they have another GameStop on their hands.
In the end, the short sellers have the wrong target: a company with declining sales and a lot of debt, but not one that’s about to fall apart, which is what you need if you’re still shorting Kohl’s down here in the single digits. Hedge funds, take my advice: cover and move on.”
Kohl’s (NYSE:KSS) is an omnichannel retailer offering apparel, footwear, beauty, accessories, and home products through physical stores and online.
11. Conagra Brands, Inc. (NYSE:CAG)
Number of Hedge Fund Holders: 39
Conagra Brands, Inc. (NYSE:CAG) is one of the stocks that Jim Cramer looked at. When a caller inquired about the company, Cramer commented:
“Conagra, okay, here’s what’s going to happen with Conagra: In the next two days, Conagra’s going to be up because we’re involved in a rotation, and then on day three, I think you’d want to exit stage right on Conagra.”
Conagra Brands (NYSE:CAG) produces and sells a wide range of packaged food products, including shelf-stable, refrigerated, frozen, and customized items for retail and foodservice. The company markets its products under well-known brands like Birds Eye, Healthy Choice, and Slim Jim. On July 11, Cramer suggested against buying the company stock, as he said:
“Very tough, very tough situation. Conagra’s got 7% inflation. They got problem with tin cans. They can’t, it’s killing them… The margins aren’t that good. The brands aren’t enabling them to be able to take any price. I have to tell you, the one thing that was important was that, on the conference call, they did say that they think they have no problem paying the dividend. A company that has to answer about whether it has a problem paying the dividend or not is a company that I say [don’t buy, don’t buy, don’t buy].”
10. TKO Group Holdings, Inc. (NYSE:TKO)
Number of Hedge Fund Holders: 43
TKO Group Holdings, Inc. (NYSE:TKO) is one of the stocks that Jim Cramer looked at. When a caller asked about the company during the episode, Cramer said:
“Okay, that stock is a momentum stock, and I am saying that momentum’s got two more days of downside, and it worries me. I’m not going to jump on the TKO bandwagon if we have two more days of momentum pain, I’m talking about [the house of pain], and I’m not a player.”
TKO Group (NYSE:TKO) is the parent company of UFC and WWE and operates in sports and entertainment by managing intellectual property, producing and distributing live events and content. The company provides a streaming platform and monetizes through merchandising, sponsorships, and advertising. Cooper Investors Global Equities Fund stated the following regarding TKO Group Holdings, Inc. (NYSE:TKO) in its second quarter 2025 investor letter:
“TKO Group Holdings, Inc. (NYSE:TKO) is the owner and operator of the two leading combat sports content assets – the UFC and WWE. We wrote about TKO in our September Quarterly Report (Insights, Fund Performance & Financial Updates | Cooper Investors – Cooper Investors). Since making our initial investment, the company has also acquired Premier Bull Riding (PBR), sports marketing agency IMG and premium (sports) experience provider On Location (in a single transaction). The core UFC and WWE assets still account for the vast majority of TKO’s economics.
TKO has had a strong start to 2025; UFC and WWE grew EBITDA 17% and 38% respectively in the March quarter and the company expects to grow EBITDA at a mid-teens rate for calendar year 2025.
An important near-term milestone is the renewal of the UFC media rights in the US. These rights account for over 15% of TKO’s revenues, so while the absolute dollar gure is important (and we expect a material step-up from the current deal), we are more focused on the partners TKO chooses to work with. For example, TKO signed a landmark global deal with Net ix for the WWE last year and this is proving to unlock material upside in the other parts of content flywheel, namely sponsorship and live events (site fees and ticketing).
We also believe that there is a larger site fee opportunity for TKO, as compared to our initial expectations. TKO currently earns site fees from local governments on a portion of its 24 marquee annual events (e.g. Wrestlemania, UFC 314). Across UFC, WWE and PBR the company puts on close to 200 annual events. By “festivalising” a combination of these events across multiple days, TKO is demonstrating they can deliver more economic value to cities and hence earn site fees on previously unmonetised events…” (Click here to read the full text)
9. Modine Manufacturing Company (NYSE:MOD)
Number of Hedge Fund Holders: 45
Modine Manufacturing Company (NYSE:MOD) is one of the stocks that Jim Cramer looked at. A caller asked what Cramer thinks of the company given the bull market. In response, Cramer said:
“Well, Modine, look, I think you don’t need, Modine’s got a lot of good things going. It is a good industrial, it’s not a great industrial. We’ve been buying, just so you know, for the Charitable Trust, we’ve been buying the stock of Dover. I think Dover is a better play for you than Modine.”
Modine (NYSE:MOD) provides thermal management solutions and heat transfer products for a range of industrial, commercial, and data center applications, including HVAC systems, powertrain cooling, battery thermal management, and precision air conditioning. The company also offers replacement parts, maintenance services, and control systems. In a February episode, Cramer criticized people selling the stock, as he remarked:
“Yeah, I gotta tell you… people decided that that is part of the data center and the CFO sold a lot of stock so people are itching to get out. It has come down so much. I don’t know what they’re itching about.”
Since Cramer’s above comment about the company stock, it has risen by nearly 12.5% at the time of writing.
8. Domino’s Pizza, Inc. (NASDAQ:DPZ)
Number of Hedge Fund Holders: 45
Domino’s Pizza, Inc. (NASDAQ:DPZ) is one of the stocks that Jim Cramer looked at. Cramer mentioned the stock during the episode and suggested that a stock split could be good for the company. He said:
“Sometimes a company reports, and Wall Street can’t seem to decide whether to send the stock in question higher or lower. That’s exactly what we saw yesterday morning when we got results from… Domino’s Pizza… and the market’s initial reaction was overwhelmingly positive… Throughout the session, Domino’s flipped through positive, negative, positive, before ultimately closing lower by less than 1%. Then today it rallied… Okay, I thought this was a good quarter…
I’m much more focused on the market share gains and strong same-store sales… Stuffed crust pizza isn’t anything new, but apparently Domino’s did it very well because this was the biggest launch in company history, exceeding all of management’s expectations… I think it’s helping them pick up some market share. At the same time, Domino’s represents a terrific value proposition… See, Russell (CEO Russell Weiner) was spot on about the company’s growth drivers in the second quarter when I spoke with him in April.
I bet he’s correct when he says he’ll be able to leverage the scale of this chain to continue delivering growth in the future. That’s something the bears seemed to overlook yesterday, but it appears the market’s starting to recognize it today as the stock really was roaring back… I think that people are underestimating when he says things are the best ever, he means it.
Bottom line: I like what I’m seeing from Domino’s and trust that management can use all the tools at their disposal to sustain their growth, which means this stock could have quite a bit more upside. The only thing that may be missing, listen, Russell, is a stock split. Now I know splits don’t create any actual value. I know the institutions don’t like them, but the same people who buy Domino’s Pizza would be willing to buy the stock if it was 48 instead of 480. Come on, Russell. Show those institutions that you work for, the shareholders and the pizza buyers, who often are the exact same people.”
Domino’s (NASDAQ:DPZ) operates and franchises stores, providing pizzas and a variety of food and beverage items under the Domino’s brand through a global supply and delivery network.
7. United Parcel Service, Inc. (NYSE:UPS)
Number of Hedge Fund Holders: 57
United Parcel Service, Inc. (NYSE:UPS) is one of the stocks that Jim Cramer looked at. During the lightning round, a caller inquired about the company, and Cramer remarked:
“You know what, UPS is a real quandary. I love that yield, but I do think that fundamentals are still hurting. I’m going to have to take a pass on that one.”
United Parcel Service (NYSE:UPS) provides package delivery and logistics services, including time-definite air and ground shipping, cross-border transportation, freight forwarding, and supply chain solutions. In a May episode, when a caller asked whether they should buy more, hold, or sell the stock, Cramer responded:
“I think that FedEx is going to clean their clock, frankly. I think that Raj Subramaniam’s a better operator, and you’re on the wrong horse. I’m sorry. I thank you for the kind words, but you are on the wrong horse. [don’t buy, don’t buy]”
6. Caesars Entertainment, Inc. (NASDAQ:CZR)
Number of Hedge Fund Holders: 63
Caesars Entertainment, Inc. (NASDAQ:CZR) is one of the stocks that Jim Cramer looked at. A caller asked about the company, and Cramer stated:
“No, I’m not a buyer of Caesar’s Entertainment… I don’t know why we’d want to be in this also-ran. If you want to be in casino, you want to be in WYNN, okay. WYNN is the way to go.”
Caesars (NASDAQ:CZR) operates gaming and hospitality properties featuring slot machines, table games, hotel accommodations, and entertainment venues. The company also provides sports betting, iGaming, and related services. JDP Capital Management stated the following regarding Caesars Entertainment, Inc. (NASDAQ:CZR) in its Q1 2025 investor letter:
“Caesars Entertainment, Inc. (NASDAQ:CZR) – In terms of upside it is not hard to see $80 or $90 per share for CZR in present value using a simple breakup value analysis (200% to 300%+ upside) from today’s $25 price. Although Vegas and regional brick and mortar casino revenue declined by 1% in 2024, we are invested in CZR for the unrecognized earnings power of the high margin, high return on capital online gaming business. As the largest and arguably most investor-friendly gaming and hotel business in the US, CZR is benefiting from state-by-state legalization of online gaming. In 2024 CZR’s online gaming business (Caesars Palace and Horseshoe Apps) grew 20% to 1.2 billion with EBITDA up 207% to $117 million over 2023. In 4Q 2024, iGaming revenue grew 65% on top of 54% growth in 2023. Helping to fuel 2025 online gaming growth, Caesars is launching a live, iCasino in-app product in Michigan and New Jersey following legalization in those states. CEO Tom Reeg is confident that the online gaming business is on track to achieve $500 million in EBITDA as planned. Once achieved, the online business would be worth well in excess of the entire company current market cap of $5 billion. Setting aside this potential, CZR should earn over $1 billion in after-tax free cash flow in 2025 implying a 20%+ equity yield on the stock today. Caesars recently expanded its board to include two Carl Ichan-appointed members. The stock was down over 25% in the first quarter.”
Caesars Entertainment (NASDAQ:CZR) operates gaming and hospitality properties featuring slot machines, table games, hotels, and entertainment venues. The company also provides retail and online sports betting, iGaming, and related services.
5. Entergy Corporation (NYSE:ETR)
Number of Hedge Fund Holders: 64
Entergy Corporation (NYSE:ETR) is one of the stocks that Jim Cramer looked at. During the lightning round, a caller inquired about the company, and Cramer replied:
“Man, I’ll tell you, ETR’s had such a run. I know it can go higher, but it, I mean… you know, Meta likes it and everything. I’m going to say right here, [don’t buy, don’t buy].”
Entergy (NYSE:ETR) produces and sells electricity generated from gas, nuclear, coal, hydro, and solar sources, distributes power and natural gas, and provides decommissioning services for nuclear facilities. Cramer mentioned the stock in a March episode of Squawk on the Street. He commented:
“There’s always money to go somewhere. I think the money’s going to heavily to the American Electric Powers, the Entergys, the utilities, to the companies that have pricing power like Proctor, JNJ. And will flee the areas where it’s so hard for companies to get out of areas.”
4. D.R. Horton, Inc. (NYSE:DHI)
Number of Hedge Fund Holders: 67
D.R. Horton, Inc. (NYSE:DHI) is one of the stocks that Jim Cramer looked at. During the episode, Cramer discussed the stock in light of the “roaring” comeback by homebuilders. He said:
“After struggling for the better part of a year, the home builders came roaring back today, led by D.R. Horton, the largest home builder in America… At the end of the day, this is a space most investors have been down on very long time. And you know, may still be true despite the group’s modest recovery from the lows over the past few months.
But these results tell us that home building business just isn’t that bad right now, especially when these builders are proactive, reading the market realistically, and offering incentives where needed to keep up their sales volume. So I think that the nascent comeback for the builders can continue, at least for the time being. Although eventually, this will come down to whether or not the Federal Reserve decides to start cutting interest rates again.
But the bottom line: The housing market, while not perfect, is a little more solid than we thought. Expectations are so low for the builders, solid results are enough to allow these stocks to soar like they did today. Wall Street simply got too negative on this group, which is how you get these explosive rallies in D.R. Horton… that spill over into… the rest of the industry. And hey, if you believe we’ve got tariff-induced inflation under control and the Fed will feel comfortable cutting rates sometime relatively soon, then the home builders could have a lot more room to run.”
D.R. Horton (NYSE:DHI) builds and sells single-family and attached homes, provides mortgage and title services, and develops rental properties and residential lots. The company also owns non-residential real estate and primarily serves homebuyers.
3. Marvell Technology, Inc. (NASDAQ:MRVL)
Number of Hedge Fund Holders: 73
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the stocks that Jim Cramer looked at. Noting the stock’s recent upward trend, a caller asked about the stock. In response, Cramer said:
“You know what? I think it should have gone up after that last quarter. I think Matt Murphy did a terrific job. I don’t really understand the sustained decline. I think that this stock could be ready to roll. Now, Texas Instruments reported… and again, gave weak guidance. Now they’re not exactly the same, but I will tell you that I think that you could see this stock down along with Texas Instruments because Texas Instruments was that bad.”
Marvell (NASDAQ:MRVL) provides semiconductor solutions for data infrastructure, and it offers system-on-a-chip designs, Ethernet products, custom processors, interconnect technologies, and storage controllers. During a June episode, Cramer called it an “excellent company,” as he remarked:
“On Marvell Technology, they have a Sell?… That’s just ridiculous. Marvell’s an excellent company, and they won a lot of business for some of the hyperscalers. I don’t know. That’s crazy. Matt Murphy is doing a remarkable job. The stock is starting to act right… So, by the way, I’m leaving a twofer, is AMD. So I think… you’re on the right track owning Marvell, and that brokerage firm should rethink their negativity.”
2. The Goldman Sachs Group, Inc. (NYSE:GS)
Number of Hedge Fund Holders: 77
The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks that Jim Cramer looked at. A caller asked if the company’s private credit unit will continue doing highly leveraged deals like the one in the Walgreens-Shields transaction. Cramer replied:
“I don’t know. You know Sweeney, Rob Sweeney, my friend Rob Sweeney, or my wife would say an acquaintance, Rob Sweeney, is doing that deal, and he’s real money, good. So I see why they might have done that. And Tim Wentworth’s there too. I don’t know. I mean, I’m a believer. I wouldn’t leave that deal even if I tried.”
Goldman Sachs (NYSE:GS) delivers financial services including investment advisory, underwriting, lending, asset and wealth management, private banking, and digital financial solutions. On July 16, Cramer discussed the company’s latest quarterly report. He commented:
“The single best report of the big banks came from Goldman Sachs, another Charitable Trust holding… really bailed me out on this one… They changed the… CEO of this today… Goldman blew away the numbers. I think they may have had the best quarter ever…
Big story though, right now, is the return of M&A as M&A advisory revenue grew a staggering 71% year over year, 48% just versus the previous quarter… In the end, the stock rallied more than six bucks today. I think it’s going to be up much, much more. You know why? Because it is just the cheapest when it comes to EPS…
…The craziest thing is that Goldman, a fabulous firm, trades at a big discount to the average stock in the S&P 500 because its earnings used to be so episodic… This quarter showed how the company’s become much more of a well-oiled machine where you’re going to get a number that doesn’t swing wildly good, bad, or indifferent. I think this is the beginning of when the stock gets reevaluated upward and the multiple has a giant upward revision, and that’s going to propel the stock much higher….
When I saw Goldman down six, I said if someone wanted to buy a hundred shares, buy 25 now, buy 25 a little bit lower, and then buy 50. That’s called pyramid style buying, gradually getting… bigger as it goes down… When a stock starts to go lower, it will often keep going lower until all the people who don’t know anything are done selling, and you get a terrific price from their ignorance. We saw that with Goldman today, as the stock eventually rebounded and finished the session up more than six bucks. This was their best trading quarter in history, and it’s a great trading firm, very strong wealth management, beginning of a turn in M&A and IPOs. That’s really all you can ask for from Goldman, and it’s the stuff that’s going to make the stock a much higher multiple stock, and I like that.”
1. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 140
Salesforce, Inc. (NYSE:CRM) is one of the stocks that Jim Cramer looked at. A caller asked for Cramer’s thoughts on the company, and he replied:
“You know what, people don’t like these software companies. Now, we have a small position… [for] my Charitable Trust, because we’ve owned it for years and years and years, I think that the software stocks have been a not great place to be. This is one of them. And I do think that there are fewer and fewer people who want the software stocks because they’re licensed stocks.
And… when you have what I regard as being, let’s say, generative AI, you do not necessarily need as many people at the company. And if that’s the case, then therefore you won’t have as many what’s known as seats, people who will subscribe to Salesforce. So I think that’s what’s really ailing it, not as many customers available.”
Salesforce (NYSE:CRM) delivers CRM technology and other tools, including AI-driven analytics, data integration, workplace communication, and commerce solutions to help businesses boost customer engagement, streamline operations, and drive growth. The company’s solutions include small business suites to platforms like Slack, Tableau, and Agentforce for intelligent, connected workflows.
While we acknowledge the potential of Salesforce, Inc. (NYSE:CRM) 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 CRM and that has 100x upside potential, check out our report about this cheapest AI stock.
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