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.
12. TG Therapeutics, Inc. (NASDAQ:TGTX)
Number of Hedge Fund Holders: 40
TG Therapeutics, Inc. (NASDAQ:TGTX) is one of the 14 stocks Jim Cramer recently looked at. When a caller inquired about the company during the lightning round, Cramer stated:
“I remember when Mike Weiss was an analyst. I always loved the man. I love him now. I think you should buy the stock.”
TG Therapeutics, Inc. (NASDAQ:TGTX) develops and commercializes therapies for B-cell mediated diseases, and it offers BRIUMVI for multiple sclerosis and is advancing a pipeline of monoclonal antibodies and kinase inhibitors targeting autoimmune conditions and blood cancers. ClearBridge Investments stated the following regarding TG Therapeutics, Inc. (NASDAQ:TGTX) in its Q4 2024 investor letter:
“2024 proved a particularly active year for new idea generation: we added 23 new investments while exiting 29 due to a variety of considerations, including acquisitions, market capitalization constraints, and our assessment of forward return potential. While many of the new investments we made during the year are of relatively modest size, we will continue to build these positions over time provided company execution and end market prospects remain intact. In the fourth quarter we initiated five new investments: Oscar Health,TG Therapeutics, Inc. (NASDAQ:TGTX), Clearwater Analytics, Fluor and Modine.
TG Therapeutics is a commercial-stage biotechnology company focused on multiple sclerosis (MS), a significant chronic disease end market. Its lead product, Briumvi, has the potential to grow its market share significantly within the largest drug class in the $8 billion MS market.”
11. Rio Tinto Group (NYSE:RIO)
Number of Hedge Fund Holders: 36
Rio Tinto Group (NYSE:RIO) is one of the 14 stocks Jim Cramer recently looked at. During the lightning round, a caller asked about the company, and in response, Cramer said, “Big yield. I believe in the minerals. I think you’re fine.”
Rio Tinto (NYSE:RIO) explores, mines, and processes a diverse range of resources, including iron ore, aluminum, copper, gold, and minerals like lithium and borates. The company’s operations span from extraction to refining and distribution. Moreover, during an episode of Mad Money aired in May, Cramer showed quite a positive sentiment toward the company, as he commented:
“I like Rio Tinto. I like Rio. I like the yield. I like the company. It’s a globe-trotting company, so to speak. I like those guys.”
For context, over the past year, RIO stock went down more than 11%.
10. Celsius Holdings, Inc. (NASDAQ:CELH)
Number of Hedge Fund Holders: 47
Celsius Holdings, Inc. (NASDAQ:CELH) is one of the 14 stocks Jim Cramer recently looked at. While discussing the stock, Cramer said that while the company stock trades at a high multiple, it is still historically cheaper.
“How did Celsius get its mojo back, and more importantly, can it keep that mojo going? First, when the company reported in February, it delivered some excellent numbers and, more importantly, it agreed to buy an outfit called Alani Nu…. As a result, the combined entities expect to have annual revenues north of $2 billion after the deal closes. Management believes this deal will be additive to earnings in the first year and sees an opportunity to rack up $50 million in synergies in the first two years.
Management also noted that together Celsius and Alani Nu accounted for about 50%… of total growth in the energy drink category last year. And because Celsius has a much larger distribution network than Alani Nu, integrating the two brands should generate some explosive growth… Since that earnings report in May, analysts have been turning more positive on Celsius. In part, that’s because the quarter was encouraging, but it’s also the case that in the nearly two months since then, scanner data has been incrementally positive for Celsius and Alani Nu…
Celsius is expensive, trades at 57 times this year’s earnings, but historically, believe it or not, that’s a lot cheaper than it used to be. Over the past three years, the average forward price-to-earnings multiple for this stock has been closer to 89 times earnings.
Let me give you the bottom line here: While Celsius may be a momentum name, the comparisons are about to get much easier. The standard trends have already improved, and I think Alani Nu acquisition, it could be a huge positive. So I wouldn’t be surprised if the stock could keep running. Although if you don’t own it yet, you might want to wait for a pullback before you pull the trigger.”
Celsius Holdings, Inc. (NASDAQ:CELH) develops and markets a range of functional energy and hydration drinks in various formats and flavors, and distributes them through retail, fitness, and e-commerce channels worldwide.
9. Blackstone Inc. (NYSE:BX)
Number of Hedge Fund Holders: 81
Blackstone Inc. (NYSE:BX) is one of the 14 stocks Jim Cramer recently looked at. Cramer expressed bullishness on the company during the episode when he said, “I like Blackstone.”
Blackstone (NYSE:BX) is an alternative asset manager that invests across private equity, real estate, credit, hedge funds, and multi-asset strategies. The firm targets companies at all growth stages and offers capital markets services. In October 2024, Cramer stated that investing in the stock means backing the expertise of its executives, who are some of the smartest people in the business world. He commented:
“What about Blackstone, the enormous private equity firm that invests in everything from real estate to data centers? The knee-jerk Fed worshippers hear the name Blackstone, they think investments, and to them, any company that’s all about investments is a company that lives and dies by the Fed. If retail sales are too strong, rates shoot up, as they did this morning. These eccentric stooges run from Blackstone. Never mind that Blackstone reported one terrific quarter, one that eventually sent the stock up more than 6%, new all-time high.
In the end, Blackstone is less levered to the Fed and more levered to the brains of its brilliant executives. When you buy shares in Blackstone, which I wanted to do so badly for my Charitable Trust, but didn’t get a chance to, you’re not buying the musings of the Fed chief during a strange, stilted Q&A session with reporters. You’re buying the life’s work of some of the smartest people in the business world. If you remember that, you will indeed profit from it.”
8. KKR & Co. Inc. (NYSE:KKR)
Number of Hedge Fund Holders: 88
KKR & Co. Inc. (NYSE:KKR) is one of the 14 stocks Jim Cramer recently looked at. The company received a comment from Cramer during the episode, as he said, “I also like KKR. I think KKR is absolutely terrific.”
KKR & Co. Inc. (NYSE:KKR) is an investment company that deploys capital across private equity, real estate, credit, and infrastructure. It targets a wide range of industries and asset classes through majority and minority stakes. Additionally, Cramer was bullish on the stock at the beginning of the year, as he commented during a January episode:
“I am gonna say that I like the stock very much and I think those guys are so smart. I would be a buyer… At one point it was down really big today. That made no sense to me whatsoever.”
Furthermore, Baron Fifth Avenue Growth Fund stated the following regarding KKR & Co. Inc. (NYSE:KKR) in its Q1 2025 investor letter:
“Our second largest addition in the quarter was to the alternative asset manager, KKR & Co. Inc. (NYSE:KKR). Similarly to Samsara, we took advantage of the volatility in the stock market to add to this great business. While investors are concerned about the potential near-term slowdown in realizations, capital markets activity, and carry (performance fees), we remain focused on the long term. Various secular tailwinds that benefited KKR thus far continue – this includes the growing allocation to alternatives, its diversified asset class exposure, its successful track record of performance, and its significant exposure to the growth of private credit through its ownership of Global Atlantic, which has a differentiated positioning thanks to the structural match in duration between the asset side and the liability side.”
7. Apollo Global Management, Inc. (NYSE:APO)
Number of Hedge Fund Holders: 85
Apollo Global Management, Inc. (NYSE:APO) is one of the 14 stocks Jim Cramer recently looked at. A caller asked about the company, and Cramer replied, “I think Apollo’s real good. It’s real well run. Marc Rowan is very, very smart.”
Apollo Global (NYSE:APO) is an investment firm that deploys capital across private equity, credit, real estate, and infrastructure and invests in public and private markets across a broad range of industries and asset types. On July 1, the company completed its $6.3 billion all-cash acquisition of International Game Technology’s Gaming & Digital unit and Everi Holdings, which merged the two into a new private enterprise under the IGT name. From the deal, Everi shareholders will receive $14.25 per share, and IGT will receive $4.05 billion in gross proceeds.
Baron FinTech Fund stated the following regarding Apollo Global Management, Inc. (NYSE:APO) in its Q1 2025 investor letter:
“Shares of alternative asset manager Apollo Global Management, Inc. (NYSE:APO) detracted in the first quarter, largely stemming from a reversal in sentiment on the economy and capital markets activity. As mentioned above, alternative asset manager stocks performed well last year, especially after the November elections, on expectations of a recovery in capital markets activity fueled by deregulation and economic growth. Those expectations waned in the first quarter due to uncertainty and volatility around the Trump administration’s policy initiatives. As sentiment faded, alternative asset manager stocks gave back their post-election gains. We continue to own the stock due to Apollo’s differentiated focus on credit and strong management team.”
6. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders: 97
Oracle Corporation (NYSE:ORCL) is one of the 14 stocks Jim Cramer recently looked at. During the episode, Cramer called the company’s fundamentals “terrific” as he remarked:
“We have what I call an idea market. When an idea resonates, when it seems right, the older cohort buys the stock, too. No, it’s not necessarily something exciting that just the younger investors embrace, but the younger investors are in there first. Any plausible idea that has promise, you know, flying cars, I don’t care… nuclear. I’m no longer fighting it.
Right now, for example, we’re seeing billions of dollars worth of orders for data centers to be built by Oracle. We already knew that Oracle was doing well, but it just put out a press release today, saying it’s doing even better. So what happens? The stock goes from $118 to $218… in a couple of months’ time, then it keeps going higher. What matters is that the fundamentals are terrific, and as long as they stay terrific, well, the younger people would keep buying the stock.”
Oracle Corporation (NYSE:ORCL) delivers a broad suite of cloud applications, databases, infrastructure technologies, and hardware solutions.
5. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders: 273
Meta Platforms, Inc. (NASDAQ:META) is one of the 14 stocks Jim Cramer recently looked at. While discussing the stock, Cramer said that people should not doubt its CEO, as he commented:
“Meta, which hit an all-time high today. Mark Zuckerberg has opened the wallet, spending on new talent in an accelerated way. You don’t want to doubt him.”
Meta (NASDAQ:META) develops technologies and applications that facilitate communication and connection across social media, messaging, and immersive platforms. The company provides products like Facebook, Instagram, WhatsApp, and virtual and augmented reality experiences. During a May episode, Cramer called it the “best advertising bet,” as he remarked:
“I like your thinking very much. I think Meta’s having a great quarter. I also think that they are without a doubt the best advertising bet. What happens if he actually starts, Mark Zuckerberg starts to want to, let’s say, monetize WhatsApp? Do you know how much that darn thing’s worth? I think you got horse sense. Good level to buy.”
4. Palantir Technologies Inc. (NASDAQ:PLTR)
Number of Hedge Fund Holders: 77
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 14 stocks Jim Cramer recently looked at. During the episode, Cramer mentioned the company and commented:
“We see Palantir, of course, the software company that brings costs down the moment you speak to them, is back on a roll after Friday’s rare decline, levitating 4%. When Palantir was at $50, I said it was going to a $100. When it hit $100, I said it’s going to $200. I’m sticking by my prediction… Unlike most of the people around here, the older people I talk to, I pass no judgment about these people. You know why? Because they are buying very good companies… These are top-notch businesses that might have gigantic earnings power someday.”
Palantir (NASDAQ:PLTR) develops software platforms like Gotham, Foundry, Apollo, and its AI Platform to help organizations integrate, analyze, and act on complex data. The company supports missions ranging from counterterrorism to enterprise operations and AI deployment.
3. DoorDash, Inc. (NASDAQ:DASH)
Number of Hedge Fund Holders: 81
DoorDash, Inc. (NASDAQ:DASH) is one of the 14 stocks Jim Cramer recently looked at. While discussing the company, Cramer said that it can become an “advertising powerhouse,” as he commented:
“DoorDash, up as usual 2%… Unlike most of the people around here, the older people I talk to, I pass no judgment about these people. You know why? Because they are buying very good companies… These are top-notch businesses that might have gigantic earnings power someday. You want to get in front of DoorDash, which may turn out to be an advertising powerhouse.”
DoorDash, Inc. (NASDAQ:DASH) runs a platform that links customers with local businesses for deliveries, and provides services like food ordering, memberships, and tools to help merchants manage online orders and deliveries. On June 9, Cramer called the stock a winner and said:
“There’s no real theme to the other stocks on the list. DoorDash, that’s been a winner from the get-go. And we know from Campbell’s… conference call and by Dollar General too, that people like to eat at home these days. That could mean DoorDash, which is remarkably well run and has a deservedly strong reputation if indeed you don’t want to cook at home.”
2. Reddit, Inc. (NYSE:RDDT)
Number of Hedge Fund Holders: 72
Reddit, Inc. (NYSE:RDDT) is one of the 14 stocks Jim Cramer recently looked at. Cramer praised the company’s ad business during the episode. He commented:
“There’s a whole host of stocks that are roaring on what can only be described as re-evaluation of growth or animal spirits. We see Reddit, the online message board, shot up more than 5% today… Unlike most of the people around here, the older people I talk to, I pass no judgment about these people. You know why? Because they are buying very good companies… These are top-notch businesses that might have gigantic earnings power someday… You believe that Reddit stock is too expensive. Their ads represent incredible value, believe me. I can’t believe how cheap they are. I think the stock’s not getting enough credit. How do you know that Reddit’s not the next Meta?…”
Reddit, Inc. (NYSE:RDDT) runs an online platform where users join interest-based communities to share content, discuss topics, explore hobbies, and connect through posts, comments, images, and videos.
1. Robinhood Markets, Inc. (NASDAQ:HOOD)
Number of Hedge Fund Holders: 76
Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the 14 stocks Jim Cramer recently looked at. The company was mentioned during the episode, and here’s what Mad Money’s host had to say:
“Take the stock of Robinhood. Boy, is that ever their stock, right? Skyrocketed more than 10 bucks today to an all-time high. Why? Because it’s using blockchain to allow its users to trade stocks and private companies. The move strikes most of the seasoned players in this market as absurd, maybe even boring, but this same development strikes younger and fresher-faced buyers as kind of a clever financial engineering that should be encouraged. They’re not cynical about it. So what do they do? They go nuts buying the darn thing. No price is too high. And guess what? They’ll be back tomorrow too.”
Robinhood (NASDAQ:HOOD) provides a financial platform that enables users to invest in a wide range of assets, including stocks, ETFs, options, gold, and cryptocurrencies. Furthermore, the company offers educational tools, spending accounts, credit and cash cards, and a digital marketplace for trading major cryptocurrencies.
While we acknowledge the potential of Robinhood Markets, Inc. (NASDAQ:HOOD) 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 HOOD and that has 100x upside potential, check out our report about this cheapest AI stock.
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