On Monday’s episode of Mad Money, host Jim Cramer warned viewers about how unchecked enthusiasm in the market can quickly become a serious danger.

“Remember, we have two markets going here, the normal one and the super speculative one that’s made up of various cryptocurrencies and the stocks that back them… But of all the speculation we’re seeing here, nothing repulses me more than the red-hot IPO market because when IPOs get too hot, they can lead to a bull market slaughterhouse.”

READ ALSO: Jim Cramer Commented on Magnificent Seven Stocks and Jim Cramer Spoke About These 18 Stocks.

Cramer pushed back on the idea that soaring prices should be embraced just because people are making money in the short term. He reminded viewers of the painful lessons from the past, asking:

“Don’t we wish the dot-com bubble hadn’t happened? Don’t we wish the 2022 meltdown hadn’t happened? It was stuff like this that drove it. The syndicate desks were clueless to what was really happening.”

Cramer acknowledged that these desks cannot completely control speculation, but argued they should be able to recognize when first-day price spikes signal that market dynamics have changed. He went on to say that syndicate desks should not encourage gamblers or act helpless in the face of irrational demand. He warned that that kind of passivity is not what long-term investors need. He noted that the goal should be investing for actual returns, not chasing hype.

“The Circles, the Figmas, the crypto stocks, they’re all what’s wrong with the market, not what’s right. The syndicate desks, who do the pricing, need to know that once there’s more wrong than right, this bull will turn into a bear, and their earnings at their companies will go up in smoke.”

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 August 4. 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 on Jim Cramer’s Radar

14. Circle Internet Group (NYSE:CRCL)

Number of Hedge Fund Holders: N/A

Circle Internet Group (NYSE:CRCL) is one of the stocks on Jim Cramer’s radar. Cramer discussed the company’s price movement after its IPO during the episode, as he said:

“Next up, the larger deal was Circle Internet Group. The IPO market was starting to heat up… by the time Circle came public in early June. But even though Circle upsized its deal significantly and raised its offer price range and then still priced well above the high end of the range, it wasn’t ambitious enough. Deal priced at 31, but the stock opened for trading at 69. Within three weeks, it was nearly at 300. It’s since cooled off around, they’ve come down to 165, but that’s still probably way too high. I think winners from CoreWeave rolled their take into Circle and turned it into a meme stock.”

Circle Internet (NYSE:CRCL) operates a platform for stablecoin and blockchain applications, as it provides U.S. dollar-denominated stablecoins and related financial infrastructure.

13. CoreWeave, Inc. (NASDAQ:CRWV)

Number of Hedge Fund Holders: 36

CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks on Jim Cramer’s radar. Cramer said that he is a “huge fan” of the business but finds the stock “pretty expensive.” He stated:

“Right now, IPOs have become the new meme stocks, and the investment banks doing the offerings don’t seem to know it. The meme trend began with CoreWeave, which came public at 40, incredibly small float or amount that was offered for trading. The underwriters’ anxious for the deal to work. Prices on the whole are way lower than they thought they, they would have to do, and then they downsized the offering, selling just 37.5 million shares, raising just 1.5 billion. They originally hoped for something that’s a billion dollars more than that. Now, CoreWeave is worth over 50 billion. The stock was initially driven up by memesters, who knew there was no new supply, so they just kept buying and buying and buying. How do I know this? Because it’s a pattern that I’ve seen since 1998. I recognize it. CoreWeave, a data center company, was simply very easy to take up because there wasn’t much supply, especially after the deal was downsized. I’m a huge fan of the business, but the stock’s pretty expensive.”

CoreWeave (NASDAQ:CRWV) provides a cloud platform optimized for generative AI that provides GPU and CPU compute, storage, networking, and managed services. The company supports workloads like model training, AI inference, and rendering, and includes tools for infrastructure management and dataset optimization.

12. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 77

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks on Jim Cramer’s radar. Cramer noted that the company’s CEO is one of the “smartest, most perceptive CEOs” he has ever met. He remarked:

“Palantir Technology reported a spectacular quarter after the close, much better than expected revenue, up 48% year-over-year, 2 cent earnings beat off a 14 cent basis, management raising their full year forecast dramatically. Company’s Rule of 40 score, which combines the revenue growth rate with the adjusted operating margin, came in at 94 for the quarter. I’ve never seen anything like it, so no wonder this already red-hot stock could surge in after-hours trading.

And look, I get Palantir. It’s among the most popular stocks in the universe. Alex Karp’s one of the smartest, most perceptive CEOs I’ve ever met. His team is amazing, and the contracts he accrued are incredible. But his stock, it’s overvalued versus any metric that I can find, the least of which may be earnings per share. It sells at something like an astounding 277 times earnings, and that was before this quarter and tonight’s after-hours gains. I accept that. Sometimes you have to pay too much for a real spec.”

Palantir (NASDAQ:PLTR) develops software platforms like Gotham, Foundry, Apollo, and its AI Platform to help organizations analyze complex data, support decision-making, and enable AI integration. The company’s tools are used for intelligence, defense, and enterprise data management.

11. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 94

Snowflake Inc. (NYSE:SNOW) is one of the stocks on Jim Cramer’s radar. With the company reporting its quarterly earnings in a few weeks, a caller asked if they should buy more, sell, or hold. In response, Cramer said:

“I like Snowflake. I think you can buy more. I honestly do. I think that the quarter’s going to be a very, very good quarter.”

Snowflake (NYSE:SNOW) provides a cloud-based data platform that helps organizations unify and analyze data, build applications, and apply AI to solve business challenges. The company’s AI Data Cloud supports data sharing and insight generation across multiple industries. During a July episode, Cramer called the company stock a “great long-term position.” He commented:

“Okay, Snowflake. Well, Sridhar Ramaswamy came on our show and broke the story of that much better than expected quarter, and I say you just hold onto this. There’s going to be ups and downs. Maybe it takes a little fluff out of it, but Sridhar is good for it, and I think that could be a great long-term position. I like the stock of Snowflake.”

10. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 62

Target Corporation (NYSE:TGT) is one of the stocks on Jim Cramer’s radar. During the lightning round, when a caller expressed worry about the company, Cramer stated:

“If you believe in the company, you like shopping there, it’s got a good balance sheet… then you’re free to buy it. I happen to like TJX and Costco… TJX, breakout move today.”

Target (NYSE:TGT) is a general merchandise retailer that provides a wide range of products, including apparel, beauty, food, electronics, home goods, and household essentials. During a July episode, Cramer mentioned that he is a “fan” of the company stock. He said:

“We are experiencing a hundred trillion dollar wealth transfer from baby boomers to Gen X, Y, and Zers, and they’re cutting their teeth on stocks right now, doing just what I’m telling you. It’s easy to spot housing wins extended to beaten-down stocks like the Target or Kohl’s. I’m not a fan of Kohl’s, but I am a fan of Target. And the new buyers, the people who aren’t trapped by Fed dogma, know that there’s fundamental worth to Target, and it’s probably higher than here. You don’t need to worry about what that… worth truly is yet because we’re nowhere near when Target reports.”

9. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 39

Ford Motor Company (NYSE:F) is one of the stocks on Jim Cramer’s radar. A caller asked if the stock is a buy given the recent recalls and rising cost of raw materials, and Cramer commented:

“The stock acts better despite that bad news, which I like. However, I will have to say that if they don’t get that warranty stuff down, it is just too tough to recommend.”

Ford (NYSE:F) designs and sells a range of vehicles, including trucks, SUVs, EVs, and luxury models, along with parts, accessories, and digital services. During a July episode, Cramer discussed the company in light of auto tariffs, as he commented:

“I believe these auto tariffs are real. They’ll change the landscape even if Japan and Korea start putting in giant orders for natural gas turbines and airplanes. How can I tell? It’s easy. I look at the stock of Ford Motor. This stock would’ve been moribund for ages for a host of reasons, from warranty issues to electric vehicles slow down to too many white collar workers, is suddenly on the move. Ford is the biggest winner because its cars and trucks have the most content made in the US, even more than General Motors, although GM’s a winner from these tariffs too. I bet Ford stock could mimic the stock of Whirlpool…

We can get into the weeds of whether or not this is good policy. I think it’s got plenty of justification, but whether you like it or not, it is the policy. Even if you don’t believe President Trump will follow through on any other tariffs, he’ll definitely follow through with the ones on Japan and Korea, which means the stocks of General Motors and especially Ford are headed higher.”

8. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 69

Accenture plc (NYSE:ACN) is one of the stocks on Jim Cramer’s radar. A caller asked for Cramer’s thoughts on the company, and he replied:

“Accenture was one of the worst-performing stocks on Friday. I can’t believe how poorly it’s doing. I’m not going to get behind it until we find out what the heck is really going on there.”

Accenture (NYSE:ACN) provides consulting, technology, and operations services across industries, and offers solutions in AI, automation, software, and systems integration. It also develops robotics and hardware products and partners in research initiatives like human-centered AI. During a May episode, a caller inquired whether splitting the company could be a smart move going forward. Cramer replied:

“No, don’t need to do that. No, don’t need to do that. Now, this stock went down because of DOGE. Now that Elon Musk is back to Tesla, I actually think you’d buy Accenture. I’ve been listening to Julie Sweet. I think she’s smart as a whip, and Accenture may be a company that can really help a lot of companies right here.”

7. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 104

Tesla, Inc. (NASDAQ:TSLA) is one of the stocks on Jim Cramer’s radar. When a caller asked about the company during the lightning round, Cramer commented:

“Oh, hey, look, you’re fine in Tesla. Tesla’s morphing right now. It’s in transition from being a car company to being a technology company, and you want to be in there because the tech is worth a lot more than what it’s selling for right now. Don’t worry, I don’t care where you bought it. I care where it’s going to.”

Tesla (NASDAQ:TSLA) develops and sells electric vehicles, energy storage systems, and solar products. The company also provides services such as charging, insurance, repairs, and financing. During a July episode, Cramer called the company stock a “total dice roll.” He said:

“Tesla, total dice roll. We have no idea what Elon Musk and the man in the White House, who may be the best name caller,… are going to do. But they sure don’t seem like they’re on great terms. So my plan is to have the president give Elon the right to have driverless cars on the interstate. I’m calling that plan shelved. But moral? There are usual ways to make a lot of money, but it’s really fun to talk about Elon.”

6. Cloudflare, Inc. (NYSE:NET)

Number of Hedge Fund Holders: 65

Cloudflare, Inc. (NYSE:NET) is one of the stocks on Jim Cramer’s radar. Cramer noted that the company reported an “excellent quarter” and said:

“Looks like one of my favorites, Cloudflare, is finally getting its due after the cybersecurity company reported an excellent quarter last Thursday night, only to see its stock sink 3.6% on Friday, was dragged down by that quarter’s sell-off. Today, though, Cloudflare snapped back, up more than 4%, which makes perfect sense because these guys delivered a clean beat and raise quarter with better-than-expected numbers in every line for the quarter, and truly strong guidance. Initially, none of this seemed to matter, but with today’s rally, the stock’s now sitting at its highest level in nearly four years and within spitting distance of its COVID-era peak.”

Cloudflare (NYSE:NET) provides cloud-based security, networking, and performance solutions for websites, applications, and enterprise infrastructure. The company’s platform supports Zero Trust security, content delivery, developer tools, and consumer services like DNS and VPN.

5. Roblox Corporation (NYSE:RBLX)

Number of Hedge Fund Holders: 68

Roblox Corporation (NYSE:RBLX) is one of the stocks on Jim Cramer’s radar. A caller asked if it is a good time to invest in the stock, and Cramer replied:

“I do think it is. I think Dave Baszucki’s doing a remarkable job. That was a terrific quarter. I think they could have the breakout year next year, and I want you to be in the story. I think it’s really fabulous. I’m glad you asked me about it because it’s very hard to find a story that has more growth than Roblox. Very good.”

Roblox (NYSE:RBLX) operates an interactive platform that enables users to explore, create, and share 3D experiences through tools like Roblox Client, Roblox Studio, and Roblox Cloud. When a caller inquired about the company in a June episode, Cramer responded:

“Roblox goes higher. Dave Baszucki, it turns out to be the real deal, and I know that some people were concerned that they weren’t doing the right thing, ethically. I see it. I think Baszucki, ethical man, ethical product. People really like it.”

4. Reddit, Inc. (NYSE:RDDT)

Number of Hedge Fund Holders: 72

Reddit, Inc. (NYSE:RDDT) is one of the stocks on Jim Cramer’s radar. During the episode, Cramer recommended “sticking” with the company stock, as he said:

“I gotta tell you, I think Reddit’s got a lot more room to run. I’m not kidding. This one’s been a huge winner for us. I’ve been following the company closely ever since it came public early last year and started recommending it about a year and a half ago, when it was trading around 50. I thought Reddit had tremendous growth… amazing digital advertising business because it’s basically the last bastion of the old school internet… Reddit kept running for the next couple of months, peaking at $230 in January, then it plummeted all the way back down to around 80 bucks at its post Liberation Day lows in April.

And you know what? That turned out to be an incredible buying opportunity, which is why I pounded the table on Reddit in May… Even as someone who adores this company, I had no idea Reddit was capable of delivering a quarter as strong as the one they reported last Thursday night. These results literally were staggering, much better than expected on basically every line…

I am a big believer in the AI revolution, you know that, but in fairness, a lot of AI-generated content is slop, as the kids say. Sometimes you just want to communicate with real human beings, and that’s what makes Reddit so valuable. Speaking of AI, management’s already licensing their data to AI platforms, and they believe this will eventually be a big source of business, although it’s still very early… If you got that, this stock will go up to 300, but they still haven’t figured that out yet, I think.

Here’s the bottom line: After last week’s tremendous quarter, I think Reddit might be the best growth story in the digital advertising space, and I bet the stock’s got a lot more room to run. So I want you to stick with Reddit. Can I say, I think it’s that good a story.”

Reddit (NYSE:RDDT) operates an online platform where users create and participate in interest-based communities to share content, exchange ideas, and engage in discussions.

3. Shake Shack Inc. (NYSE:SHAK)

Number of Hedge Fund Holders: 39

Shake Shack Inc. (NYSE:SHAK) is one of the stocks on Jim Cramer’s radar. During the episode, Cramer discussed the company’s earnings and ensuing market reaction. He commented:

“During earnings season, when a stock comes in maybe too hot, even a good quarter might not be enough to prevent it from pulling back. Take Shake Shack, iconic burger chain. Last Thursday morning, the company reported a pretty clean top and bottom line beat with its highest restaurant level margins in six years, which is what I care about. Yet some people thought there was a fly in the ointment. Shake’s same-store sales grew at just 1.8%. Analysts were looking for 2.2%. Give me a break.

That’s hardly the end of the world, but given that the stock was up 60% from where it was trading when they reported the previous quarter, clearly expectations were high and there wasn’t much margin for error there. We had to be careful, but that’s why the stock plunged almost 15% on Thursday and fell another 7% on Friday before rebounding more than 3% today.”

Shake Shack (NYSE:SHAK) owns, operates, and licenses restaurants offering burgers, chicken, fries, shakes, frozen custard, and beverages.

2. Colgate-Palmolive Company (NYSE:CL)

Number of Hedge Fund Holders: 65

Colgate-Palmolive Company (NYSE:CL) is one of the stocks on Jim Cramer’s radar. A caller highlighted that the stock seems to be going down despite reaffirming its guidance. Cramer remarked:

“The best one in the group, by the way, is Kimberly. Mike Hsu did an amazing job. Kimberly is the right one. Now I will say this, I thought the Colgate quarter was darn good. I like the Hill’s. I think Total’s doing amazingly well. I don’t understand why it’s acting the worst of all of them. Maybe it’s because of the high multiple, but I would not abort. I would not leave Colgate right here. I just can’t. But boy, that’s, that’s it. Noel Wallace, come on the show. I know you don’t like media, but you know this is the right place to go.”

Colgate-Palmolive (NYSE:CL) produces oral care, personal care, home cleaning, and skin health products under brands like Colgate, Palmolive, Irish Spring, and Softsoap. In addition, the company provides pet nutrition products through Hill’s Science Diet and Hill’s Prescription Diet.

1. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 81

Chevron Corporation (NYSE:CVX) is one of the stocks on Jim Cramer’s radar. A caller asked if the stock is a buy, sell, or hold, and Cramer replied:

“I read that, I read that upgrade today, Chevron is win, Chevron is win. Why do we say this? Not just because Mike Wirth, he has put together, between Hess and Venezuela, an unbelievable combination. I like the new rating up today… we saw a recommendation. I am with it. I’m with Mike.”

Chevron (NYSE:CVX) engages in oil and gas exploration, production, refining, and transportation, while also producing petrochemicals, lubricants, and renewable fuels. During a July episode, a caller asked Cramer about the stock in light of its increasing dividends and the Hess acquisition. He replied:

“You were totally right. I’ve gotta tell you, they get that Hess deal closed, and you must own the stock. You know, Jeff and I have been talking… Jeff Marks, trying to figure out the energy sector. I think you’re onto something. Chevron will be a winner. Mike is a winner. I like your call…”

While we acknowledge the potential of Chevron Corporation (NYSE:CVX) 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 CVX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.