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?”

READ ALSO: Jim Cramer Recently Discussed These 8 Stocks and Jim Cramer Shared Thoughts on These 14 Stocks.

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.