On Monday, Jim Cramer, host of Mad Money, discussed what is fueling the market right now and noted that it is younger investors.
“Who is powering this market higher?… I think it’s the young people, people who are part of the great wealth transfer… They have the money now, and they invest differently from the older folks. I say we have to salute this new generation of buyers, even if they’re often way too exuberant in the purchase.”
READ ALSO 21 Stocks on Jim Cramer’s Radar and 11 Stocks That Jim Cramer Recently Commented On
He explained that younger investors tend to disregard conventional strategies like stock buybacks, which they interpret not as financial discipline but as a lack of innovation. In the same vein, Cramer argued that they also are not paying much attention to the Federal Reserve. He added, “There was a time when you had to watch the Fed like a hawk.” But now, according to Cramer, those days are over. Instead, he described the current environment as “an idea market.”
“The bottom line: We’re now in a story-dominated market, even as the coverage is still all about the next quarter point from the Fed, and what the hedge funds are doing about it. I say that’s for the institutions trying to beat the indices by a percent or two. That’s not worth it anymore. These days, they are about people trying to get rich with ideas. Who’s right? Easy, those who embrace stocks, not indices. The ones who find the best ideas and stick with them, that’s who makes the most money, and that, in the end, is still what matters.”
Our Methodology
For this article, we compiled a list of 14 stocks that were discussed by Jim Cramer during the episodes of Mad Money aired on June 30. 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).
14 Stocks Jim Cramer Recently Looked At
14. CoreWeave, Inc. (NASDAQ:CRWV)
Number of Hedge Fund Holders: 36
CoreWeave, Inc. (NASDAQ:CRWV) is one of the 14 stocks Jim Cramer recently looked at. During the episode, Cramer mentioned that the stock has a lot of short sellers, as he commented:
“They think they may have another CoreWeave on their hands, that’s a data center play that has 361 million shares, only 46 million are free to trade. When there are so few shares, it’s very easy for buyers to annihilate the short sellers who bet against these stocks, and there are plenty of short sellers here. Considerable short, for instance, in CoreWeave, 31% of the float. That’s kind of reminiscent of the old GameStop in a meme stock heyday…
Right now, I’m troubled by these moves, but not overly concerned. CoreWeave is too high, but it initially came public too low because it was a nasty time in the market… Right now, these two are in rarefied territory, and rarefied territory doesn’t last. We might be early, still, it’s worth watching.”
CoreWeave (NASDAQ:CRWV) provides cloud infrastructure tailored for generative AI and offers compute, storage, networking, and managed services to support enterprise workloads. Additionally, the company delivers tools for AI training, rendering, and machine learning optimization.
13. Circle Internet Group (NYSE:CRCL)
Number of Hedge Fund Holders: N/A
Circle Internet Group (NYSE:CRCL) is one of the 14 stocks Jim Cramer recently looked at. While discussing the stock, Cramer noted that its valuation is unjustifiable. He said:
“Take Circle Internet Group… Of course, Circle’s current price is crazy. Can’t be justified by any imagination. Don’t take it from me. Take it from the firm that bought it public, JPMorgan. Today, on the first day of Wall Street coverage, JPMorgan initiated its coverage on Circle with an Underweight rating, that’s a sell, saying the stock’s valuation is being ‘pushed outside our comfort zone’. They’re using an $80 price target, and that’s already factoring a nice premium for investment enthusiasm.
Goldman Sachs was a tad more backhanded. It initiated coverage on Circle with a Neutral rating, but Goldman’s using an $83 price target. This is $181 stock, for heaven’s sake. That seems more negative than neutral. We have to ask ourselves, what is happening here? Well, we know that the market’s exuberant about anything crypto… They’re not thinking about potential competition. They’re thinking about the scarcity value of anything crypto. They don’t understand that Circle stock is run like this in large part because only 50 million shares of the 200 million shares issued are free to trade…
When there are so few shares, it’s very easy for buyers to annihilate the short sellers who bet against these stocks, and there are plenty of short sellers here… I’m sure the bulls are thinking the same thing can happen with Circle. I do not want to pass judgment on the buyers. They think they have something going, and it will last until more stock is free to trade. Right now, I’m troubled by these moves, but not overly concerned…
Circle’s too high, but at least it’s profitable. Let’s not kid around, though. Right now, these two are in rarefied territory, and rarefied territory doesn’t last. We might be early, still, it’s worth watching. It only takes a few of these to recognize that things are getting a little dangerous. For now, buyers are shooting short sellers like fish in a barrel. But once the lockup on insider selling expires, the shorts can start shooting back. It’s not GameStop. It’ll be a very fair fight.”
Circle (NYSE:CRCL) provides a platform supporting stablecoins and blockchain-based financial applications, which offers tools for payments, liquidity, tokenized assets, and developer integration through its U.S. dollar-denominated stablecoin network.
